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