The NHL will be feeling the ramifications of the COVID-19 pandemic for years to come.
The league saw a massive revenue shortfall for 2019-20 as the league was forced to cancel a month’s worth of regular-season games in the wake of the pandemic back in March. Having a playoff tournament this summer will help the league offset some of those losses, but there’s still a considerable amount of damage to compensate for.
The NHL is a very gate-driven league in terms of generating revenue. Having a TV-only playoff will bring in cash, but nowhere near the amount that a regular playoff would for the league. Also, it doesn’t seem likely that fans will be filling up stadiums anytime soon, so the league is going to be looking at many TV-only games in 2020-21 as well.
There’s a handful of dominos to fall as a result of this economic catastrophe, but the big one that fans will care about is the salary cap.
The salary cap is grown at a massive rate since being implemented after the 2004-05 lockout. Back then, the ceiling was at $39 million. It’s grown all the way …
Author: Cam Lewis / The Leafs Nation