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Forbes NHL Franchise Values See First Decline in 20 Years

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Vegas Golden Knights franchise value Forbes

Forbes announced its annual NHL franchise values today with the sensationalized tag line: Hockey’s First Decline In Two Decades. The Vegas Golden Knights were ranked 13th overall among the 31 current teams.

While it’s not sunshine and roses financially for every NHL franchise, it’s a bit dramatic. Anyone who reads past the header will discover a major mitigating factor: the COVID-19 pandemic.

The article does explain the effect of no crowds, missing part of your regular season and going into a bubble for the playoffs. Most sports franchises worldwide are going to feel the pandemic pinch at some point.

When it comes to the VGK, the 13th place ranking is according to a franchise value of $570M. That’s down 2% from a year ago which is actually not bad when you consider everything that’s happened. The operating income for the team was listed at $13.9M, a tidy sum.  However, it doesn’t approach the top ranked New York Rangers $1.65B valuation and $87M operating income.

Still, the Maloof family and Bill Foley are in good shape. The team also showed $156M in revenue last year.

Each team lost roughly 10 regular season games and all potential playoff income. The Golden Knights’ 2% value decrease matched the average decline of NHL franchise values this year.

You can see the Golden Knights full breakdown here.

Also, if the league does play without fans this year – and it looks like that’s going to happen – expect more financial losses for teams across the board. It’s not the end of times, but it certainly won’t help. Foley previously said he wanted fans in the stands to mitigate losses and reiterated that earlier this week in an interview with the Las Vegas Sun. Current reports point to the season starting as early as January 13th.

 

NHL

Golden Knights Training Camp Day 2 In The Books

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Marchessault Vegas Golden Knights west division

Yesterday was a very exciting day as the Vegas Golden Knights took to the ice for the first time in training camp. Day Two wasn’t nearly as exciting, but necessary as things moved forward. Here are a few key takeaways from today’s action.

D Pairs

As of now, Nick Holden remains on what I’ll pencil in as the 7/8 pair with Dylan Coghlan. As I said yesterday don’t read too far into things because the Golden Knights are going to need eight solid D to make this season work. For the time being, it looks like Zach Whitecloud and Nicolas Hague are going to get a chance to show what they can do as a unit. Alex Pietrangelo remained with Brayden McNabb and Shea Theodore with Alec Martinez.

Forwards

Today was more of a jumble of lines as some guys get a look playing up. Among them was Tomas Jurco who took the place of Max Pacioretty with Chandler Stephenson and Mark Stone. Jurco is a guy I love for the VGK because this season because he’s a vet who can slide into the lineup on a moment’s notice and play a variety of roles. Definitely a taxi squad guy who makes you feel better about your depth.

Also, Stephenson is still centering this line. I know many of you wonder if Cody Glass is going to get his shot at the 2C but not yet. Stephenson did look good today, generating a scoring chance off a stretch pass up the middle and showing some speed. He’s skating with confidence early in camp, and I would not be surprised to see him exactly where he is now come opening night.

Finally, it was nice to see Jonathan Marchessault score for the second straight day. If he warms those goal-scoring hands up early, it could be a tremendous campaign for him.

Keep your browser pointed here for more camp coverage!

 

 

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Tom’s Daily: Handicapping the West Division; Stepan to Sens

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West Division Vegas Golden Knights Gold Jersey

Tom’s Daily: Looking at the West Division; Vegas Golden Knights prospect Brandon Kruseand his unusual senior season; Stepan sent to the Sens; VGK fans have a new streaming option this season.

VGK

The West Division should be a fun, competitive division this year. At least in the top half. Here’s NHL.com’s look at how things might shake out. (NHL.com)

There’s a new streaming option for VGK fans this season. (Las Vegas Review-Journal) At least it’s better than what Avs fans are dealing with! (ColoradoHockeyNow)

Brandon Kruse is working his way through an unusual senior season at Bowling Green. The Golden Knights prospect is projeting better than a point-per-game so far on the ice. (NHL.com)

NHL

Derek Stepan was shipped to the Ottawa Senators from the Arizona Coyotes, giving the Sens more center depth and eating up a chunk of that free cap space they had. (Sportsnet)

Ilya Kovalchuk won’t be playing in the NHL this year. Or next year. (NHL.com)

Michael Del Zotto signs a pro tryout contract with the Columbus Blue Jackets. Expect a lot of fringe NHL guys who don’t have deals to be competing for jobs this year. (Sportsnet)

Slater Koekkoek signs a one-year deal with the Edmonton Oilers (TSN),  Carl Soderberg signs for one year with the Chicago Blackhawks (Sportsnet).

Five questions facing the Florida Panthers heading into training camp. This team could be really good. It could also not. (FloridaHockeyNow)

Hockeyverse

According to Larry Brooks from the New York Post, the Pittsburgh Penguins are the only major league sports team to receive a paycheck protection loan totaling $4.82M. (New York Post)

Longtime NHL player and executive Dave Poulin is writing for the Toronto Star. Here’s his debut piece. (Toronto Star)

 

 

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Tom’s Daily: New VGK Schedule; Pacioretty, Lehner Busts?; NHL Breaking News

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Max Pacioretty trade rumors Vegas Golden Knights training camp

Tom’s Daily: Breaking NHL news! Plus the Vegas Golden Knights have a schedule and we break it down for you; Bolts find cap relief but it’s not good; more

Vegas Golden Knights

Just in case you missed it, the NHL schedule dropped yesterday and we broke it down for you here. (VHN)

Here’s the team/league release on the schedule as well. (NHL.com)

NHL

Breaking News: It looks like the NHL has permission to move forward in Canadian cities. That’s a major sigh of relief. (Sportsnet)

Whew! Gritty has been cleared to return to NHL games this season. (The Hill)

Nikita Kucherov is going to miss the regular season due to hip surgery. While the Lightning certainly don’t want to be without one of the best players in today’s game, it certainly helps their situation with his $9.5M cap hit moved to LTIR. (Tampa Bay Times)

Ryan Miller is back with the Anaheim Ducks on a one-year deal and I love it. I hope Miller, one of the nicest guys in the game, gets to his milestone of 400 wins. It won’t happen this season unless something goes crazy sideways, but he needs 13 more to do it. (ESPN)

Hockeyverse

The Arizona State University men’s hockey team decided to start the season with a monster 36-day road trip. My personal longest road trip was 18 days and that was a nightmare. I can’t imagine double that. As it turns out, the team wanted it this way. (ESPN)

Are you all fans of fantasy hockey content? I can post more of that type of stuff if you are, let me know in the comments. For now, I’m putting this in here because of Max Pacioretty’s featured status as a fantasy “bust” for this season. Oh, and add Robin Lehner too. Not sure I agree, but here you go. (CBS)

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