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.
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- Bruins sign three — Hayes, Connolly, and DeFazio 12
- Babcock expects Kadri to be ‘an elite player’ 14
- No expansion bid expected from Kansas City 35
- Leafs sign Matthias — one year, $2.3 million 17
- Report: Kopitar, Kings in ‘early stages of negotiations’ for extension 12
- Arbitration filed: Holtby, Nyquist & Stepan highlight list released by NHLPA 13
- Report: Plotnikov paid $500K to get out of KHL contract 14
- Philadelphia signs ’15 first rounder Provorov 12