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RedFX

Leonsis: NHL in better financial shape than NBA

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From ESPN

The NHL is in better financial shape than the NBA because of a salary cap "that protects owners from taking stupid pills," says the owner who is about to have control of teams in both leagues.

Washington Capitals owner Ted Leonsis told the National Press Club on Friday that he's getting a firsthand look at the NHL-NBA differences as he prepares to take over as majority owner of the Washington Wizards.

"I'm surprised because now I see all of the NBA financials," Leonsis said. "And I'd honestly have to say at this point in time that the NHL is stronger than the NBA, clearly because it has a CBA in place that protects owners from taking stupid pills.

"There is a hard cap in the NHL. In the NBA, you can spend a lot of money and every dollar you're over this luxury tax you get fined. And there's a lot of basketball teams who are losing a lot of money," he said.

Interesting statements. He actually had a few good points in there

Edited by RedFX

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From Sports Business Daily :

Capitals Owner Ted Leonsis "wrote a computer program that prevented" Penguins fans from buying tickets on the Capitals' Web site for the Penguins-Capitals playoff games at the MCI Center, according to Thomas Heath of the WASHINGTON POST. Leonsis: "Pretty cool, isn't it? I got a lot of e-mails from Pittsburgh saying I was mean-spirited and unfair. I don't care. I'm going to keep doing it."

...

I had forgotten about this and it is still funny! If I had his money, I'd burn mine.

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Guest Lidstromboli

Yeah why did both the Caps and Wizards have ugly ass teal uniforms?? Nation's capital and teal?

dark blue is teal? maybe you're a little color blind :)

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I really don't think that the NBA has four or five teams that are on the verge of relocation due to losing money...

on the other hand, you can play basketball in the sh* coldest corner of bloody Alaska.

and hockey isn't exactly "native" in desert, so to say...

in Europe the most popular sport is the snoozefest called soccer. by far margin more popular than basketball or ice hockey.

and it's only just because every single kid can kick some ball wherever he/she wants to. and hockey has the limitation

of temperature :/

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No problem.

:P

I actually like the logo on that old Caps 3rd jersey you posted but the colors are horrible. If they recolored that with their current color scheme, it would be sweet. I like what they have now though, especially their shoulder logo.

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I can see where he's coming from. It seems to me that there are very few surprises in the NBA. At the beginning of the season, you know what 5 or 6 teams are competing, and those are usually the teams left standing at the end (Boston, Lakers, Magic, Cleveland). If you're not one of those teams, or if you don't have a superstar on your roster, it will be hard to keep your fans interested and seats filled

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Many of you forget, it's a business, the most important aspect of any owner is to:

1.) Make money/Make shareholders happy.

2.) Win championships/Field a competitive team.

3.) Make fans happy/entertain fans.

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Sorry Teddy boy, I don't believe you. It's easier for people to get into basketball over hockey because basketball is easier, cheaper and you can play nearly anywhere. So the NBA is more likely to pull in casual fans/viewers/ticket buyers. Hockey is a niche sport. It has hard to understand rules for the casual viewer. What's the difference between icing and offsides? What's the difference between cross-checking and boarding? How do they know where to have the faceoffs after every whistle? What's the "intent to blow" rule?

Basketball is easy to figure out, even for a child. You run down the court with the ball, making sure not to double-dribble or travel. You shoot the ball. It bounces off, someone gets it, that's a rebound. It goes in, it's a 2-pointer or a 3-pointer, depending where you're standing. You shoot the ball and someone hits you, it's a foul. Jump ball is exactly what it sounds like. You get a certain number of fouls in a game, you're tossed.

So tell me some more how the NHL is doing better than the NBA, Mr. Leonsis.

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Whether you believe Leonsis' opinion that the NHL as a whole is in better financial shape than the NBA, he does have a good point about the CBA, as many people that advocate for a luxury tax in the NHL, you need look no further than the NBA for examples of how that can backfire. True, it would allow teams like Detroit who have the money to pay well over 57 million in player salary without losing money, it could seriously ruin other franchises who have smaller fanbases or owners with shallower pockets.

Like it or hate it, the parity that has been created by the current cap rules has leveled the playing field in many ways, and it has allowed teams to compete for playoff slots that normally wouldn't happen. If teams were allowed to spend whatever they wanted on player salary, then they would have no choice but to relocate or contract teams like Nashville, Atlanta, Phoenix, and Columbus that would not be able to afford to attract free agents or retain prospects that turn into stars.

That being said, maybe the league should try to get Mark Cuban or the Maloof brothers to buy the Coyotes :ph34r:

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