Nov 24, 2012, 10:00 AM EDT
NHL commissioner Gary Bettman estimated on Wednesday that the NHL is losing between $18 million to $20 million per day as a result of this lockout, based on a Globe and Mail report. That’s unfortunate, but of course they aren’t the only ones losing money over this work stoppage.
The tourism bureau VisitPittsburgh did a study and found that each Pittsburgh home game generates $2.1 million worth of local revenue. Somewhere in the range of $1 million and $1.3 million goes to the Penguins, while others businesses like restaurants and hotels collect the rest, according to the Pittsburgh Tribune-Review.
That information seems all the more relevant after the NHL canceled all contests from Dec. 1-14 yesterday. That took three Penguins home games off the map. While they could still be replaced if the season is saved, as things currently stand those canceled games alone might cost local businesses more than $2.4 million and the Penguins even more than that.
And of course, that’s just the impact of one out of 30 teams. On top of that, a Winter Classic and an All-Star Game have been lost — both of which could have bolstered local economies and attracted tourism.
The question is how much more money will slip away from businesses that would otherwise benefit from the NHL before this lockout ends.
- Gettin’ paid: Gardiner inks five-year, $20.25M extension with Leafs 14
- Report: Trottier to join Sabres’ coaching staff 12
- Blues sign former eighth overall pick Mueller 28
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center 43
- Eric Staal has surgery to repair ‘core muscle injury’ 6
- After not seeing ‘eye-to-eye’ with Carlyle, Reimer will compete for No. 1 gig 16
- Two down, one to go: Wings ink Tatar to three-year, $8.25M deal 12
- Cashing in: Rangers sign Brassard to five-year, $25 million deal 63
- Subban not eager to discuss contract talks 34
- Leafs re-sign Reimer — two years, $4.6 million 22
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (63)
- Avs and O’Reilly agree on two-year deal, but questions remain (45)
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center (43)
- New Caps regime plans to keep Ovechkin at RW (for now) (42)
- Rangers and Kreider avoid arbitration, agree on two-year deal (39)