May 22, 2013, 2:42 PM EDT
The Vancouver Canucks have been awarded nearly $1 million after winning a lawsuit against camera equipment retailer Canon Inc., for breaching a sponsorship deal.
Here’s more, from the Vancouver Sun:
In its lawsuit, the NHL team argued that Canon backed out of a five-year sponsorship arrangement under which the hockey organization would buy its office equipment from Canon, and Canon would retain its preferred-supplier designation, along with advertising and other sponsorship benefits.
But the team said Canon terminated the negotiations before a formal sponsorship agreement could be signed. Negotiations started in the summer of 2008 for a deal worth more than $1.7 million over five years, based on a prior, similar agreement in place from 2003 to 2008, according to court documents filed in B.C. Supreme Court.
Canon did not dispute the breach of contract, which was evidenced by a series of emails in 2008, but argued the value of the deal was closer to $700,000.
The final total Canon ended up owing the Canucks was $826,987.
Oh, here’s something remotely interesting — in the lawsuit, the Canucks contend that, as part of this Canon incident, they lost advertising revenue opportunities on their “power ring” and “score clock halo.”
For those not in the know, these are your standard in-arena animated LED signs that flash various things throughout the game.
I never wondered how much advertising cost to get on there, but now I know: the power ring sells for $20,000 per minute, and the score clock halo at $15,000 per minute.
- Price makes 43 saves as Senators’ magical run ends in controversy 15
- Video: Fast whistle costs Senators potentially critical goal 11
- WATCH LIVE: Today’s Stanley Cup playoff action 3
- Another Blues campaign ends in disappoint as Wild advance 84
- Crosby joining Team Canada at Worlds 16
- Here’s your Stanley Cup playoff TV schedule for today 12
- One more time, with feeling: Flames stage yet another comeback, eliminate Vancouver 25
- Keith conquers: Blackhawks come back, eliminate Predators 49
- Red Wings smother Lightning, take 3-2 series lead 23
- Going the distance: Isles edge Caps to force Game 7 43
- Too little, too late: Rangers stifle Penguins for 2-1 series lead (114)
- It’s Done: Rangers eliminate Penguins in overtime (108)
- Bettman under fire after saying ‘Katy Perry’ chant wasn’t sexist (92)
- Another Blues campaign ends in disappoint as Wild advance (90)
- Okposo blasts ‘idiot’ Wilson after physical outing versus Isles (82)