Breaking down Forbes' NHL team values


Breaking down Forbes' NHL team values

The company and magazine that reveals and ranks the world’s richest people also calculates the game on ice. On Monday, Forbes released its annual NHL team valuations -- an estimate of the value of each of the 30 teams -- and despite what you’ve seen or read during nasty labor negotiations, there’s money to be made in the NHL.

According to Forbes, 19 teams returned a profit -- from the Maple Leafs at the top, hauling in $48.7 million, to the Colorado Avalanche (17th), turning a modest $300,000. The Flyers climbed up one spot to seventh.

Impressively, the Flyers were still able to turn a $6 million operating income despite the lack of revenue after failing to qualify for the playoffs. The Comcast enterprise is now valued at a half-billion dollars, an increase of 49 percent from 2011-12. Here are some other observations:

Do big UFAs still make cents?
The NHL’s new 10-year CBA effectively ended long-term, front-loaded contracts, allowing more owners to put profits into their pockets. Perhaps Ed Snider and the other board members at Comcast-Spectacor can thank the Nashville Predators for strengthening the Flyers' bottom line. Had Nashville refused to match the offer sheet for defenseman Shea Weber, the Flyers would have been operating in the red after cutting Weber a check for $14 million last summer. No surprise the Minnesota Wild had the largest operating loss of any NHL team at $13.6 million -- the result of signing Zach Parise and Ryan Suter to identical 13-year, $98 million contracts.

Blackhawks are perfect business model
Not only have the ‘Hawks hoisted the Stanley Cup twice in a four-year span, they’ve proven to be one of the league’s most profitable, with an operating income of $25.6 million -- second to the New York Rangers among U.S.-based teams. The Blackhawks are now valued at $625 million -- up 79 percent from the previous year. Owner Rocky Wirtz has lived by the motto “You have to spend money in order to make money,” and within the hockey operations, the Blackhawks have spent wisely. As co-owners of the United Center, the 'Hawks are one of four NHL teams with little or no debt.

Don't count your money by the Cup
The Maple Leafs, Rangers and Canadiens are the Big Three when it comes to current value, revenue and operating income, but that clearly hasn’t translated into success on the ice. The Blueshirts were the last of those teams to win Lord Stanley’s Cup back in 1994, with the Canadiens winning a year earlier. Plus, the wealth is distributed a little more evenly. Last year, Toronto, New York and Montreal accounted for a whopping 83 percent of the league’s income. This year, they accounted for just over half of that amount.

Canadian teams are moneymakers
If the NHL is seriously considering expanding to 32 teams, it’s hard to argue putting two more franchises in Canada. All seven of the Canadian teams rank in the top 16 for the first time in Forbes’ rankings, including three in the top four. Combined, the seven Canadian teams had earnings totaling $129 million -- an average of $18.4 million per team. Comparatively, the 23 U.S.-based franchises collectively had an operating income totaling $81.3 million, or an average of $3.53 million per team. The Winnipeg Jets are now valued at $340 million, or twice what True North Sports & Entertainment paid to bail the franchise out of Atlanta just a few years ago.

Harris right on the money
Sixers owner Josh Harris rescued the New Jersey Devils from an NHL takeover, purchasing the franchise and the lease to the Prudential Center as well as assuming all debt for $320 million back in August. If you thought Harris overpaid, consider that Forbes’ value of the Devils came in at $320 million. However, when evaluating the Devils franchise, a few disturbing aspects stand out. The Dallas Stars (playing in a non-traditional hockey market) and the Buffalo Sabres (playing in one of the league’s smallest markets) are pulling in as much revenue as the Devils, who lost $4.2 million in 2012-13 coming off their run to the Stanley Cup Final the year before. Harris' franchise also has a debt/value ratio of 81 percent, by far the highest of any team in the NHL.

Flyers Skate Update: Ivan Provorov has a new partner

Flyers Skate Update: Ivan Provorov has a new partner

Ivan Provorov has a new partner.

Provorov will be paired with Brandon Manning on Saturday night against the Carolina Hurricanes, a changeup from the first four games of the season. Mark Streit drops to the third pair with Nick Schultz, a tandem that worked together most of last season.

"We're going to change them up," Flyers head coach Dave Hakstol said after the team's morning skate. "We're going to look at a couple of different things. Some of the combinations are some familiar ones, such as Streiter-Schultz. They played a lot of minutes together last year. It's a move that we want to take a look at."

The Provorov-Manning pair is an interesting one. It should allow the 19-year-old to activate more in the offensive zone with Manning playing positionally sound. Manning has played with an extra edge thus far, showcasing a far more aggressive brand of hockey than he's shown previously with the orange and black.

With Streit, an offensive-minded blueliner, Provorov had to cover for his partner. Provorov also ran into some tough luck situations, too. Now with Manning, Provorov has the handcuffs off a little bit. Manning plays well positionally and while he has been more aggressive, he knows when to stay back, which will help Provorov.

It's another adjustment for the rookie. Through four games, he said, there haven't been any surprises in terms of his expectations for how the NHL game plays.

"I think what I expected is what I got," Provorov said. "It's the best league in the world, you expect all four lines to be great, you expect fast pace, physical game and that's what I got. I'm still learning, but I'm trying to do better as the games go on."

Provorov has one assist this season and enters Saturday as a minus-5, largely because of the Chicago game Tuesday. Hakstol praised Provorov's maturity level and ability to self-evaluate. What he hasn't done with Provorov is talk about numbers.

"There are some meaning in stats and we take the meaningful areas and apply those," Hakstol said. "But I haven't talked to any of the young guys about their statistics. We're four games in. I don't make too much of statistics right now. We're evaluating day-to-day play and looking at areas that we can use as strengths and areas individually we can improve."

Starting slow
If there has been one common theme through the first four games, it's the Flyers' poor starts. In first periods this season, they've been outscored, 6-1 (see game notes).

On Thursday night, the Flyers again came out of the gates slow. It was their first game back after a season-opening road trip out West, which Jakub Voracek said was a factor.

Voracek, who has four assists, said the burden falls on the individual player to focus on the small details and avoid committing mistakes.

"As a player, if you don't have that extra step, you just have to keep it simple," he said. "It's going to come around. The first 10 minutes, you have to make sure you don't make mistakes and I think that we were trying to do too much if we weren't feeling right. It showed last game against Anaheim. We were a half-a-step slower."

Four games isn't a large enough sample size for Hakstol to make a definite statement on the Flyers' first-period woes. The second-year coach said he'll have a better understanding where his team is at after the Carolina game.

"I think we'll answer that question after the start tonight," Hakstol said. "I think we'll get a fair evaluation of our starts after our start tonight, and if we have a problem, we'll know it after tonight. If we don't, we'll know that as well.

"Pretty clear, crystal clear, black and white in my mind. Tonight should tell else what type of team we are at the start of the hockey game."

Projected Flyers Lineup
F: Brayden Schenn-Claude Giroux-Wayne Simmonds

Travis Konecny-Sean Couturier-Jakub Voracek

Nick Cousins-Pierre-Edouard Bellemare-Matt Read

Chris VandeVelde-Boyd Gordon-Roman Lyubimov

D: Andrew MacDonald-Shayne Gostisbehere

Ivan Provorov-Brandon Manning

Nick Schultz-Mark Streit

G: Steve Mason

Flyers-Hurricanes 5 things: Avoiding another bad 1st period

Flyers-Hurricanes 5 things: Avoiding another bad 1st period

Flyers vs. Hurricanes
7 p.m. on CSN, Pregame Live at 6:30

Another season, another slow start for the Flyers.

After dropping their home opener Thursday, the Flyers (1-2-1) welcome the Hurricanes (1-1-2) to the Wells Fargo Center Saturday night looking to snap a three-game losing skid.

Here are five things to know for Game 5 of 82.

1. Slow starts
Through four games, there are a few areas behind the Flyers' lousy start.

The defense continuing to abandon the goaltending and the lackluster power play are near the top of the list, but look no further than the first period of games.

The Flyers have been outscored, 6-1, in first periods through four games. Only Tampa Bay and Vancouver have scored fewer first-period markers with zero. The six first-period goals allowed are tied for the second most in the NHL. Only Calgary has more with seven.

It was an issue last season as well. In 2015-16, the Flyers were outscored, 62-50, in first periods, and the 50 goals ranked in the bottom five of the league. We've talked about slow starts in terms of wins-losses, but this issue extends to first periods too.

While the Flyers have exerted far greater efforts in second periods — leading the league with eight second-period tallies — getting behind so early results in playing from behind, and while resiliency is a trait of winning teams, it's ultimately cost them thus far.

On Saturday night, it doesn't get any easier for the Flyers, either. Carolina is an improved club from last season, which it, too, struggled scoring in opening periods.

That hasn't been the case this season. The 'Canes have outscored opponents, 5-2, in first periods, so it'll be important for the Flyers to come out of the gate with more authority.

2. Read-emption Song
One of the highlights of the early season for the Flyers has been the play of Matt Read.

Read scored his team-leading fourth goal of the season during the Flyers' 3-2 loss to the Ducks on Thursday, dusting off a play that brought back memories of years past.

The 30-year-old got behind the Anaheim defense on the backhand, drove to the net and deposited the puck into the net past John Gibson for a go-ahead score. It was very much a play we saw Read make a few years ago, but has been missing the last two seasons. Read came into training camp early this season hungrier than the previous two seasons, and on Wednesday, general manager Ron Hextall said Read knew he had to get back to the brand of hockey he was playing in 2013-14.

After the game Thursday, Read said his self-evaluation this offseason resulted in him realizing he has to get into the greasy areas to score and avoid playing the outside.

"I think that's something the last two years, I kind of faded away from, I was a perimeter player," Read said Thursday. "It's easy to be a perimeter player if you're going to be making plays and stuff like that. But if you want to score goals, you've got to get into those tough areas, be nasty around the net and battle for loose pucks."

3. Not so special
Special teams so often decide hockey games and it should factor into Saturday's game, too. Carolina comes into the game with a power play and penalty kill both in the top five.

The Hurricanes' man advantage has found twine five times in 16 chances, and their penalty kill has killed off 15 of 16 power plays against. On the other hand, the Flyers have had their struggles on special teams in the early going.

On Thursday night, the Flyers’ PP played a huge role in their loss. They finished 1 for 7 on the man advantage against Anaheim but were 1 for 5 in the second period alone. With Anaheim asking to be beaten, the Flyers couldn’t make the Ducks pay. 

“I thought we had pretty good power plays, our first power play,” Flyers head coach Dave Hakstol said. “I thought we had a good power play during the second, scored a good goal. Had opportunities to stretch to 3-1. It’s disappointing we couldn’t.

“We had one poor power play at the end of the first, where we weren’t able to get set up at all. Our power play was OK. The bigger thing for me is the goal we gave up a few seconds after the last power play in the second period. Those are the type of goals that as a team we can’t give up.”

4. Keep an eye on …
Flyers: It hasn't been the smoothest transition to the NHL for Ivan Provorov, one of two 19-year-olds on the roster. Provorov has shown glimpses, but there have been hiccups, as expected. He had a nightmare of a game in Chicago on Tuesday, and followed it up with a not-so-great effort against Anaheim. But we have to remember he's a teenage rookie. Patience is important. Still, the spotlight should remain on him Saturday. How does he respond after a pair of games in which he's made visible mistakes?

Hurricanes: Carolina has a few young players that are a joy to watch, but let’s highlight defenseman Justin Faulk, who quarterbacks the power play. The 24-year-old has a goal and three assists in four games, with two of the helpers coming on the man advantage. An extremely gifted blueliner, Faulk has scored 15 and 16 goals, respectively, the last two seasons, but that wasn’t enough to get him on Team USA for the World Cup of Hockey. We all know how that panned out.

5. This and that
• Read has 14 points in 20 career games against the Hurricanes.

• Dale Weise was suspended three games for an illegal check to the head of Anaheim defenseman Korbinian Holzer. Roman Lyubimov will replace Weise in the lineup.

• Carolina has killed off its last 11 penalties and has scored at least one power-play goal in three of its four games and two power-play goals in two of its four games.