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Bill Daly

Snapshots: League Revenue, Coyotes Arena, Mesar

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As many of the league’s bright young stars convened today at the Lifeguard Arena in Henderson, Nevada for the North American Player Media Tour, NHL Deputy Commissioner Bill Daly had a chance to meet with the media to discuss a wide range of topics relevant to the league. Daly touched on a recent wave of women being hired and promoted into upper-level management roles with NHL teams, the promising overall start to the Seattle Kraken franchise, the youth movement of NHL teams, the Arizona Coyotes arena situation, and the league’s revenue.

There’s been much speculation around the league’s revenue projections and what it could mean for a significant raise to the salary cap ceiling moving forward. Given the agreement between players and team owners to split revenue 50/50, revenue being naturally down due to the impact of COVID-19, and the players need to pay the difference back in escrow, the salary cap has had to remain relatively flat the past few seasons. The expectation has been that the cap will rise by $1MM next offseason before seeing a meaningful increase ahead of the 2024-25 season, with some speculation that it could happen even sooner. Much of that was confirmed by Daly, who reported a league-record in revenue for this past season, the first time its surpassed $5BN. With the unprecedented revenue last season, one which was still impacted by COVID-19, Daly said that if they see the same kind of excess revenue this season, the timeline for a significant cap increase could come sooner than expected. Ultimately, Daly still believes that based on their current projections for 2022-23, that increase may have to wait another year.

  • Also from Daly’s availability, the Deputy Commissioner was optimistic about the state of the Arizona Coyotes and their short and long-term arena plans. Daly cited the Tempe City Council’s approval of their proposed arena plan in the city, which does still need further approval, as a positive. He also referenced the positive impact playing in an arena of that size could have on the players, expecting it to be filled nightly, thus enhancing the atmosphere, as well as the relative success of this strategy with the NFL’s Los Angeles Chargers and their brief stint in an MLS stadium while their current stadium was being built. Finally, when asked about the duration the team might have to spend playing at Arizona State University, Daly said the worst case scenario appears to be three years, while the best case would be two. No matter which way you frame it, this situation is surely difficult and awkward for the team and the league, however seeing the silver linings laid out does give the team some hope as it rebuilds not only on the ice, but off of it too. Final approval on a new arena plan and setting it into motion would be the best possible outcome for the organization, and when it happens, it could certainly have major, immediate impacts on the team and fanbase.
  • As prospect games got underway today, including one contest between the Buffalo Sabres and Montreal Canadiens featuring prospect Filip Mesar, The Athletic’s Arpon Basu provided an update on Montreal’s plans for Mesar for the upcoming season. Basu reports the team isn’t sure if they would like Mesar to play with the Laval Rocket, their AHL affiliate, or with the Kitchener Rangers of the OHL, who hold Mesar’s rights. However, it appears clear Mesar will not be returning Europe for the upcoming season. The 26th overall selection from this year’s NHL draft, Mesar played the last two years for Poprad in his native Slovakia, recording 30 points in 73 games over the two campaigns. The decision not to keep Mesar in Europe makes sense, given the need to help him adjust to North American ice and its style of hockey. Deciding between the AHL and OHL could be tough, as the OHL won’t give Mesar opportunities to play against older and more experienced competition, but will give him experience as a top of the lineup player, like Montreal hopes he will be. The AHL will give Mesar a taste of what playing in the NHL will be like in some respects, but may be a bit too advanced for him to see the top of the lineup and thrive like he might in Kitchener.

Snapshots: Brewer, Salary Cap, PHF

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After promoting Sergei Brylin to an assistant role at the NHL level, the New Jersey Devils hired Andrew Brewer as an assistant coach for the AHL’s Utica Comets, per a team release. Brewer has spent the past eight seasons in an NHL video coaching role, and now the 36-year-old will get a crack at some more responsibility in the AHL.

Brewer most recently served as the video coach for the Florida Panthers for the past two seasons. Prior to that, he served in the same role for the Detroit Red Wings in the 2014-15 season and for the Toronto Maple Leafs from 2015 through 2020. He’s also gained experience as the video coach for Team Canada at various international tournaments. Brewer will join Ryan Parent (assistant coach) and Brian Eklund (goaltending coach) behind Utica head coach Kevin Dineen.

  • Speaking today during his media tour in Europe, NHL deputy commissioner Bill Daly said he believed the NHL salary cap could rise significantly after the 2023-24 season. That marks a change in course from previous league forecasts post-pandemic, which pegged a significant cap jump after the 2024-25 season. The cap will likely raise another $1MM after this year to $83.5MM for 2023-24, but could now increase by much more than that for 2024-25. Some big names, including Auston Matthews and William Nylander, Steven Stamkos, Jake Guentzel, and Sebastian Aho are slated to hit the free agent market then, potentially making it easier for their current teams to re-sign them.
  • The PHF will continue to stay more accessible to American fans. ESPN announced today that they’ve reached a two-year extension on their broadcast agreement, keeping the PHF on ESPN platforms through 2024. The league’s championship game, the Isobel Cup final, aired on ESPN2 last season, which was ESPN’s first cable broadcast of professional women’s hockey. PHF regular-season games will continue to air on the ESPN+ subscription service.

NHL, NHLPA Expect World Cup Of Hockey Return In 2024

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Speaking Wednesday during the NHL’s European Player Media Tour, NHL deputy commissioner Bill Daly said the NHL, NHLPA, and IIHF are “moving full steam ahead” and “continuing to have regular meetings” regarding the return of the World Cup of Hockey tournament in February of 2024.

And, as reported earlier this year, more concrete details about the tournament are beginning to emerge from Daly and the aforementioned planning sessions. According to Daly, the NHL and NHLPA are in the process of narrowing down host cities for the tournament, including select European cities for preliminary and qualification games.

We still want to play one pool in Europe, a preliminary round pool in Europe and a preliminary round pool in North America and move the semifinals and the final to a different city in North America likely. I think that short list would universally encompass more traditional hockey markets.

The tournament is expected to take place over a 17-day period in February, including a day on the front and back end of gameplay for travel purposes. Considering the in-season nature of the tournament, there will be little in terms of practice time for the assembled national teams.

Daly also revealed that there are ongoing discussions about expanding the tournament field from eight teams to 10, although any qualification stage to narrow down the field back to eight would take place during the tournament given the compressed schedule.

Of obvious note is the potential participation of Russia in this tournament, which Daly said today is still uncertain.

This would be the first best-on-best hockey tournament of its kind since the last time the World Cup was held in 2016. The last Winter Olympics to feature NHL talent was the 2014 edition in Sochi, Russia. All in all, it would be the fourth edition of the World Cup, as it was previously held in 1996 and 2004.

Business Notes: Salary Cap, 2022-23 Schedule, LTIR

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NHL commissioner Gary Bettman spoke today from Ball Arena in Denver prior to Game 1 of the 2022 Stanley Cup Final, giving a pseudo-state of the league address as the offseason begins to commence. One of the most striking and important notes from his presser was about the future of the salary cap, including that league revenues hit a record $5.2 billion this year. Drawing on that and the projected revenue increase from that point, Bettman notes that normal salary cap growth should resume within two to three seasons, a much shorter timeline than the five-to-six-year plan rumored early in the season. It’s wonderful news for teams and players, as contending teams will finally begin to have more flexibility when the offseason hits, and players can begin to capitalize on their earning potential in line with inflation.

  • We have a start date for the 2022-23 NHL campaign: Wednesday, October 11. It’s finally in line with the normal routine the NHL had been acclimated to over the past years prior to COVID, and we’re expected to see a normal schedule for the first time since 2018-19. The 2022-23 schedule will be released by the league early next month.
  • Contrary to previous rumors, deputy commissioner Bill Daly doesn’t anticipate the topic of changing the NHL’s long-term injury reserve rules to come up at the next Board of Governors meeting. Noise had been made in past months about some general managers growing unsatisfied with the ability for teams to greatly exceed the normal playing roster salary cap during the playoffs. However, Daly said during the presser that he believed this year demonstrated that teams couldn’t successfully use LTIR as an intentional loophole and still have a successful enough regular season to make the playoffs.

NHL GM Meetings Roundup: Salary Cap, LTIR, No Trade Clause, Russian Draft Picks, Officiating, Revenue

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With the conclusion of this year’s NHL GM Meetings, NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly gathered for media availability earlier today to discuss the meetings, including their thoughts on certain hot topics, potential changes to rules, and the overall state of the game.

One change reported earlier was that the salary cap is expected to increase by $1MM next year to $82.5MM. Although the salary cap is expected to remain flat through 2024-25, Bettman clarified that a $1MM increase on the cap is still in-line with a flat cap. Albeit a small change, the extra space could stand to benefit some teams who are already dangerously close to the cap ceiling and project to be in the same position next year. Bettman did add that after 2024-25, he expects that the cap would increase more substantially.

  • On the much-discussed LTIR situation in the NHL, Bettman and Daly did not express much concern, a relay of the feelings of the 32 teams. Bettman did acknowledge the situation, but said that it was “not going to be addressed as a front-burner issue anytime soon.” In regards to teams who have players return right at the start of playoffs, a seemingly convenient occurrence, Daly clarified the NHL’s process of handling these issues, noting that the league, when a player is placed into LTIR, requests the projected date of return, and if that date is around the start of the playoffs, they do look deeper into it and may even use an independent medical expert to verify the proposed timetable.
  • Touching on no-trade and no-movement clauses in light of the Evgenii Dadonov non-trade, Daly said that the league has already had discussions with the NHLPA about the possibility of having a rule requiring all such clauses to be filed with both the NHL Central Registry and the NHLPA. Ultimately, a new software that the two sides could share to store and access the clauses, appeared to be an idea on the table for the league. To get the process started, Daly added that a draft letter agreement had been written and the league was planning on sharing that with the NHLPA today in hopes of jumpstarting negotiations.
  • When asked about any possible restrictions on Russian players in the upcoming NHL Entry Draft, Daly did not anticipate any restrictions, but did qualify that the state of the world could be much different at that time.
  • On the topic of officiating, Bettman explained that he thought the officiating meeting went well, with the topic of the meeting being merely an update, and that it was otherwise uneventful. Bettman also appeared surprised that anyone thought the meeting could be construed as contentious and did not share those beliefs when asked.
  • One last topic that many hockey fans may gloss over, is revenue. Bettman mentioned that the league expects revenue to once again hit the $5B mark this year, notwithstanding the attendance restrictions and movement of games in the Canadian markets in late 2021 and early 2022.

NHL Suspends Agreement With KHL

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After the NHL cut business relations with Russia recently, they’ve taken things even further in a memo sent to teams yesterday. Frank Seravalli of Daily Faceoff was first to report that the league has cut ties with the KHL following Russia’s invasion of Ukraine, telling teams to cease contact and suspending the memorandum of understanding between the two leagues.

Bill Daly told clubs in the memo that they will now “have only limited contractual information regarding players who are currently or last played in the KHL.” Teams will now have to go through the Central Registry to request contract information on a player’s contractual status and produce “independent written evidence” that shows a player is entirely free of KHL obligations, before signing them for the 2022-23 season.

Previously the two leagues did not operate under a transfer agreement but had an MOU indicating that they would respect contract terms. According to Seravalli, the NHL has told the KHL that it will continue to respect existing and future contracts, though communication will now be cut off.

This will certainly complicate not only free agency but the upcoming draft, which was already a point of discussion given the possibility that young Russian athletes would be denied work visas to enter Canada and the United States. Danila Yurov, for instance, was expected to go near the top of the 2022 draft but is still under contract with Magnitogorsk for the 2022-23 season at least. Without continued communication, it’s hard to know whether an NHL team that drafts him will be able to even speak with the young forward, though the memo does indicate that teams are still allowed to work with North American-based agents.

There are also several pending KHL free agents like Andrei Kuzmenko who were expected to sign after the KHL playoffs are completed. Kuzmenko was drawing the attention of many NHL teams around the league after an outstanding season, where he scored 20 goals and 53 points in 45 games. It is now completely unclear whether his immediate future lies in North America or if he will re-sign in Russia and stay with SKA.

IIHF President Luc Tardif Promises NHL In 2026 Olympics, 2022 WJC Make-Up

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Stop me if you’ve heard this one before: there is optimism that the NHL will participate in the next Winter Olympic Games. Despite participation being agreed to in the most recent Collective Bargaining Agreement, the NHL pulled out of the current Beijing games late, citing Coronavirus as the main concern though many existed. After two consecutive Winter Olympics without NHL participation, it is hard to guarantee anything but IIHF President Luc Tardif is ready to do just that.

In a report by Stephen Whyno for the Associated Press, Tardif states that he is confident that NHLers will return to the Olympic Games in 2026 when the event takes place in Milan and Cortina, Italy. Tardif does not expect there to be any mitigating factors in 2026 as there were this year and that the league will honor the agreement with the NHLPA, IIHF, and IOC to allow their stars to represent their countries on the largest international stage. Tardif briefly mentioned that while he sees plenty of merit in moving the hockey tournament to the Summer Games, he does not see that happening and believes the NHL can make it work in-season. He hopes that an agreement on the terms of participation can be agreed to well ahead of time, at least a year before the tournament starts.

Whyno adds that NHL Deputy Commissioner Bill Daly appears to be on the same page. Daly has stated that the league does not foresee any issues with participation and expect an agreement “on a relatively expedited basis.”

As for other IIHF events impacted by COVID this year, Tardif added that he fully expects the 2022 U-20 World Junior Championship and Women’s U-18 Tournament to both take place this summer after being canceled in December. Tardif believes the Women’s Championship will take place in the U.S. in June, while the WJC returns to Canada in August. Notably, this would put the tournament after the NHL Draft, removing it as an option for any last-minute scouting, though still an invaluable tool for prospect evaluation.

Gary Bettman: Olympic Participation “Ultimately A Players’ Decision”

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The NHL has more than a few concerns about participating in the upcoming Winter Olympics in Beijing, China. Speaking with the media, including CBC’s Joshua Clipperton, following the conclusion of Friday’s Board of Governors meeting, Commissioner Gary Bettman didn’t shy away from expressing his hesitations either:

We have real concerns on a whole host of issues… We have concerns, and we’ve expressed those to the players’ association… Our concerns have only been magnified… I actually find it difficult to believe that a player would want to go…. I don’t think that this is going to be the ideal Olympic experience in terms of the lockdowns in the Olympic Village and everything else that’s going on.

The league’s apprehension is based mostly on the continued issues with the spread of the Coronavirus, not only across the league but on a global basis, China included. The NHL has seen the majority of its teams impacted by COVID-19 already this season, including at the cost of some games. Olympic participation would mean sending its biggest stars off, out of the protection of the league’s protocols and to the origin point of the virus and to protocols that have yet to be finalized and announced. In that same vein, Bettman discussed the possibility that China could mandate a three-week quarantine for any athletes who test positive for COVID and stated that he would be surprised if any NHLer would risk an additional three weeks in the country in order to play at the Olympics. Beyond the COVID conversation, there are also a number of political red flags as the governments of both Canada and the United States have become more vocal of late about the human rights violations taking place in China.

Yet, with all that said, Bettman is standing by his word. Barring a joint decision between the NHL and NHLPA – with Deputy Commissioner Bill Daly stating his expectation that the two sides would be on the same page should it reach this point – to disallow participation, the final decision will lie with the players themselves:

We made a promise to the players, and I’m going, to the best of our ability, adhere to it, understanding that there may be consequences that nobody’s gonna like… It’s not like we haven’t expressed our concerns. But in the final analysis, subject to some caveats, with all of the issues that are being raised… the players, for the most part, seem to continue to be saying they want to go… ultimately, this is going to have to be a players’ decision.

A return to the Olympics was in fact collectively bargained when the NHL and NHLPA agreed to a new CBA last year. The players have right to compete for gold if they so choose, though it is obvious that the league would rather they not. Bettman does note that more players have expressed their concerns of late, but will it be enough? That remains to be seen with time ticking away before the opt-out deadline of January 10 and the opening of the tournament in two months.

NHL Updates Salary Cap Projections

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NHL commissioner Gary Bettman and deputy commissioner Bill Daly held media availability today from the board of governors meeting and updated several important issues. While noting that it will be an NHLPA decision on whether or not to participate in the Olympics, and reassuring that there is no issue with the Arizona Coyotes, perhaps the firmest news that Bettman could share was that of salary cap projections moving forward.

After announcing that hockey-related revenues will reach close to $5.2B for this season, the league will indeed increase the salary cap for next season by $1MM. That means an $82.5MM cap ceiling, the same number that was projected several months ago by Daily Faceoff.

Importantly though, Bettman explained that it will not take quite as long for the players to repay the escrow debt as originally expected. The league should be made whole at the end of the 2024-25 season, meaning a substantial salary cap increase could follow that summer. That’s a year earlier than many projections showed months ago, and speaks to just how well the revenues of the league have rebounded this season.

At the start of the year, the players owed more than $1B in escrow debt to the owners, and instead of all at once, have agreed to a slower repayment schedule. The escrow rate dropped this year from around 20 percent to 17 and is expected to drop to around 10 for the 2022-23 season.

For the teams that are in salary cap trouble at the moment, still trying to negotiate a ceiling that hasn’t moved in the last couple of years, a $1MM increase isn’t going to help very much. But the expectation of it spiking in 2025-26 is good news, especially for those that are trending toward a competitive window at that point.

Snapshots: COVID Protocols, Rangers, Kane

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Even with over 99% percent of players and 100% of staff being vaccinated against the Coronavirus, the NHL has still been faced with constant issues battling COVID-19 this season. While only two teams have had games postponed due to COVID outbreaks, 19 different teams have had to enter heightened COVID protocols at some this season. As a result, the league is contemplating stricter protocols for all teams if the virus continues to be a problem. Deputy Commissioner Bill Daly tells TSN’s Chris Johnston that the NHL is currently working with league doctors to evaluate their COVID numbers and current protocols to see if changes can improve the state of the league’s battle with COVID. The NHL then plans to meet with the NHLPA soon to share their findings and to discuss options to better protect players and staff, as well as the league product. The COVID conversation will also impact the Olympic question, with understandable concerns from the league and players’ association about sending their stars to China given the ongoing spread of virus despite vaccination measures. The deadline for the NHL to pull out of the Winter Games in Beijing is January 10, so the upcoming meeting with the NHLPA could be a critical juncture for a decision.

  • Despite the havoc that the Coronavirus has wreaked on the past two NHL seasons (and counting), team valuations have somehow not just held strong, but in fact increased. Forbes published their 2021 NHL team values today with the impressive headline that the New York Rangers have become the league’s first $2 billion team. The Original Six franchise in the biggest market in North America increased in value by 21% from 2020 without making and significant improvement in their on-ice product. It bodes well for another potential jump next year, with the Rangers currently holding the best record in the Metropolitan Division. Unsurprisingly, New York is followed by fellow Original Six members in the Toronto Maple Leafs, Montreal Canadiens, Chicago Blackhawks, and Boston Bruins. Yet, it is not just the storied franchises who continue see growth in their value. On average, each team improved in value by 32% this year following a 2% dip the year before. The factors contributing to these soaring numbers are the league’s new media contract, their many new facilities, and of course the addition of their newest team, the Seattle Kraken. The recent sale of the Pittsburgh Penguins for $900 million also provided Forbes’ Mike Ozanian with a very up-to-date benchmark of actual real world value of a top franchise. While the optics of the past couple seasons – canceled games, limited attendance, temporary realignment – may portray a struggling league, the NHL has actually excelled in the face of adversity in their battle with COVID-19.
  • One player who is likely more familiar with financial terms that he ever hoped is San Jose Sharks forward Evander Kane. The controversial star has had quite the year with bankruptcy proceedings, a league investigation into illegal gambling, a league suspension for COVID Protocol circumvention and more. Kane has seemingly been losing money at every turn. However, he is now off his suspension and – though reassigned to the AHL – ready to get back on the ice and earning his pay check. Well, maybe not so fast. Curtis Pashelka of the San Jose Mercury News writes that the organization is not yet ready to give Kane any game action, even with minor league Barracuda. Pashelka writes that concerns about his conditioning, having missed training camp and the first quarter of the season, have limited Kane in practice and will keep him from competiting again this weekend. Pashelka also mentions an undisclosed injury and quotes Kane as being on board with a slow approach to returning to play. However, the scribe also touches on what is likely the root cause of Kane’s inaction: trade value. It does not appear as if Kane is welcome back in the Sharks’ locker room, but with three years remaining on a hefty contract, he needs to play somewhere. The consistent scoring forward is an established asset: high-end ability on the ice, red flags off the ice. San Jose is working the phones to find a new fit for Kane and won’t gain any leverage by having play in AHL game. However, they could lose out if he is injured. As a result, Kane could be used sparingly until he is eventually dealt elsewhere.

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