Breaking down Forbes' NHL team values

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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-Islanders 5 things: Wild-card race about to get busy

Flyers-Islanders 5 things: Wild-card race about to get busy

Flyers (36-32-8) vs. Islanders (35-28-12)
7 p.m. on CSN, CSNPhilly.com and the NBC Sports App; Pregame Live at 6:30

The Flyers welcome the New York Islanders to the Wells Fargo Center Thursday on a busy night in the wild card.

Here are five things to know for the game:

1. Let's get wild
Ready for some movement in the Eastern Conference playoff race?

The four teams ahead of the Flyers for the second wild card are all in action Thursday.

The Bruins (vs. Stars) still lead the pack at 86 points, followed by the Lightning (vs. Red Wings) with 83. The Islanders come to Philadelphia with 82 points, while the Hurricanes (vs. Blue Jackets) also have 82.

And one more team to follow: the Maple Leafs (at Predators), who lead the Bruins by only one point for third place in Atlantic Division.

2. Time to streak?
With all the inconsistency, the Flyers are looking to win three games in a row for the first time since Jan. 22-25.

The final six contests for the Flyers are no cakewalks because every single one is against the Metropolitan Division. The Flyers are 9-13-2 in divisional play and have a record of 6-9-1 against the remaining clubs on the schedule.

They still have to play the Blue Jackets and Rangers, two top-five NHL teams.

And they also get the Devils twice more, a team that has won the first three meetings between the two by a combined score of 14-3.

We'll see if the Flyers can flip the script and make things interesting.

"We're not going to quit until the end of the season," Travis Konecny said Tuesday. "That's the way we are. It's the character of our team. It's the things we've shown all year.
 
"Our games may not show it at times, our scores, but I think each and every night we always compete, we always battle. I think things are starting to happen for us."

3. Weal's turning
Jordan Weal has provided a legitimate jolt to the Flyers, who desperately needed offense.

He'll see more and more ice time if he continues to perform the way he has in the past two games, putting up two goals and an assist.

Dave Hakstol has liked the early chemistry on the new second line of Weal, Valtteri Filppula and Wayne Simmonds.

"I think right now, Wayne Simmonds is playing some of his best hockey of the year in terms of a power forward game," Hakstol said Tuesday. "He is just a straight forward, power forward right now. He is very tough to handle down low and I think that is adding an element for Fil and Weal there."

4. Keep an eye on ...
Flyers: Shayne Gostisbehere has looked like his old self offensively the past two games in which he has one goal and two assists. He's been active with nine shots, while his point blast looks sharp. The Flyers will need more of that the rest of the way.

Islanders: It has to be John Tavares, who does so much for the Islanders. The captain has 28 goals and 37 assists this season. Twelve of his 65 points have come in the previous 12 games. He also has put up 15 goals and 14 assists in 37 career games against the Flyers.

5. This and that
* Steve Mason will make his 14th start in the last 16 games. Over his past 13 outings, Mason is 8-4-1 with a 2.10 goals-against average and .926 save percentage.

* Islanders goalie Thomas Greiss has been tough on the Flyers in two starts this season, going 1-0-1 with a 1.95 goals-against average and .951 save percentage.

* New York has lost two straight games and six of its last nine.

* Islanders defenseman Johnny Boychuk is likely to return from a foot injury that has sidelined him since March 5.

Flyers taking 'never die' approach to final playoff push

Flyers taking 'never die' approach to final playoff push

Nothing has changed for the Flyers as they enter Thursday night's game against the Islanders at the Wells Fargo Center.
 
They remain six points behind Boston for the wild card. They still have four teams to leapfrog over to claim the second wild card spot.
 
Their Tragic Number remains 6 points -- points the Bruins need to eliminate them or points the Flyers need to lose to eliminate themselves.
 
The only difference tonight is the Flyers are playing head-to-head against a team in front of them in the chase.
 
The Islanders absolutely feel they're in this thing even after losing to the Bruins this week. So if they think like that, why not the Flyers?
 
"Obviously a team that is in the race with us," said Flyers captain Claude Giroux. "But, in general, we know we pretty much have to win every game. Our focus is on the Islanders. The big picture is not a picture we like to see.
 
"But at the end of the day, we have to worry about the New York Islanders. It's the only thing we can control now. We can't control future games or other teams."
 
There was genuine euphoria after the Flyers' comeback, 3-2 shootout win over Ottawa on Tuesday. Some of that excitement was immediately tempered when the players realized Boston had won as well.
 
Yet there is a noticeable difference in the Flyers dressing room right now. Guys are looser and more relaxed after three wins in their last four games.
 
"We keep doing what we keep doing," coach Dave Hakstol said. "Guys keep showing up. We're playing hard for each other and taking care of business. We've been real focused on doing that, day after day and night after night."
 
Several players said this week that the games right now are "fun" to play, despite the obvious pressure to gain a playoff spot that is virtually impossible to attain at this point because the numbers overwhelmingly favor clubs ahead of the Flyers.
 
Have games become "fun" because the players are resigned that it's out of their hands and they are now content to allow the chips to fall where they may be?
 
"No, I'll be honest, I think we are seeing some results," Hakstol said. "When you play hard and don't get results it's not fun. But we've continued to play hard and are getting some of the results right now.
 
"We all know the reality of our situation and don't have to revisit it day-in, day-out. We know that for us the most important thing is take care of our own business. That's the single-minded focus of our group right now.
 
"Come to the rink, playing hard together and winning becomes fun. We got to just turn the page, come out and play hard again."
 
Among those Flyers who believe the impossible is doable is defenseman Shayne Gostisbehere.
 
"Our motto is ‘Never die,'" Gostisbehere said. "We know what's against us here. We're just taking it game by game and we're just trying to win every game.
 
"I think you can tell it's a little looser in this locker room, but we’re still going out there putting our best foot forward and trying to win games."
 
The Flyers are 2-1 against the Isles this season.
 
Lineup:
 
F: Read-Giroux-Voracek
Weal-Filppula-Simmonds
Weise-Couturier-Schenn
Vandevelde-Bellemare-Konecny
 
D: Provorov-MacDonald
Del Zotto-Gostisbehere
Manning-Gudas
 
G: Mason; Neuvirth