It's still an estimate. Regardless of the veracity of the number, comparing a single year of profit to the price you'd have to pay to buy the team doesn't mean anything. At least not anything relevant to this discussion. (Even using $250M value, the actual % would be 1.79. For reference, MLB is 2.38%, NFL is 3.71%, and NBA is 1.48%. All that really means is that as a rule, sports teams are considered more valuable than what might be indicated by profitability.)
$250 million is the average value of an NHL team. It isn't some made up number. Please read the article I posted.
As for the numbers you posted, the revenues did show well, but those are not profits. The profts of $31 million per team for 6 years is very low. You are still looking at an average of 1.5%. Imagine how it is for the Red Wings who have a very successful franchise and Illitch is making less on his asset in comparison to others.
The point is that the profit in comparison to the asset is very low, which is what you are finally seeing. Now if it was a straight 50/50 split for the last 6 years, it would have been a lot more fair. Now, the owners are not going to get that true split for at least 6 years, but that is their own fault.
The owners can and should pay for every contract. The concept is very simple. If the split is 50-50, then the owners are responsible to pay the extra 7% out of pocket and off the salary cap to the players. i do get what you are saying though. In the salary cap era though, if the owners are shelling out the money for their decisions with a portion of it off the cap, then it can still work. All new contracts will be lower, and in future years, they will even out. Think of it as a 50/50 split from 2012-13 forward.
Yearly profit (or actually, it's operating income, net profit would be less) has been around 5% of revenue. If you want to stick your fingers in your ears and close your eyes like a 5 year-old, that's your problem.
Yes, the owners can and should pay every contract. That is what I, the PA, and others that support the PA have been saying all along. The problem is that the owners aren't willing to do that. They want to pay 50%, and make future players pay the difference. Players want the owners to pay the difference. You can say it "works", but that's just a word. Anything can "work" if the two sides agree to it.
First off, the cap doesn't mean anything. The cap could be an octopus with a dollar sign in front of it and it wouldn't do anything but confuse people. What matters is the players' share. That is the amount of money that players actually get, regardless of what the cap numbers are, regardless of what contracts are...the players get the players' share.
Let's try an example:
Say we use an applicable % of 50%. Assume full season revenue of $3.4B. The players' share is $1.7B
From that share, you subtract benefits; league is estimating $95M. That leaves $1.605B for player salaries.
Current contracts are valued at $1.74B according to Capgeek, with most roster spots full. Capgeek shows around another $53M in potential bonuses. Fehr says player contracts are $1.776B. Seems close enough to use in an example. Using that we're left with $171M that someone has to pay. If the owners pay it, then for all practical purposes, the players' share is $1.871B, and the true % is ~55%. If we defer that payment instead...
Move on to year two:
Assume full season revenue of $3.57B. The players' share is $1.785B.
If you use a part of that to pay the year 1 shortfall, the amount actually earned by the players that year is only $1.614B (since $171M was earned the prior year), which gives a true % of ~45.2%. If the owners pay out of pocket, then the share is $1.956B and the % is ~54.8%.
And so on. It will never "even out". Either the owners pay more than 50%, or the players earn less. That is a mathematical fact. One or the other has to happen. The one and only possible way to avoid that is if revenues next year are $3.742B or more. Anything less and it is absolutely impossible to have a "true" 50/50 split, whether you go 2 years, or 5, or 500. Someone has to pay the difference. Neither side is willing to at this point.
I, the PA, and those who support the PA, say the owners should pay it. You say the owners should pay, but either you don't really mean it or you don't know what you're talking about.