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Gary Bettman

Evening Notes: League Business, Vegas Injuries, Pesce, Forward Market

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After seeing the NHL’s record-breaking revenue for the 2021-22 season, the financial state of the league, a little over two years after being forced to shut down temporarily due to the COVID-19 pandemic, is as healthy as ever. Because of that, teams have been told to prepare for a large cap increase, and one that could potentially come sooner than expected. With the rise in revenue, a rise in prominent advertisements has become apparent too, one which many fans are not too thrilled about. Earlier today, NHL Commissioner Gary Bettman discussed several topics related to the state of the league and its finances with Alex Silverman of the Sports Business Journal. In the interview, Bettman discussed revenue, new digital advertising on boards, jersey advertisements, the Arizona Coyotes arena situation, TV deals, growing the game internationally, and the future of the World Cup of Hockey.

Notably, Bettman detailed how the league plans to continue growing its revenue, specifically by utilizing technology, especially when it comes to advertising, engaging with fans more on social media, and using their television platforms to grow the game. On the new digitally enhanced dasherboards (“DED’s”), Bettman noted that the technology was not cheap to develop, but sees potential revenue growth from this alone to be in “the hundreds of millions.” In regards to the recent addition of jersey advertisements that have been met with it’s fair share of public criticism, Bettman appeared to understand the public’s distaste, calling himself a traditionalist, but cited the immense revenue growth as a reason to press on. The Commissioner added that although the market is “vibrant” for the jersey advertisements, the league has urged clubs to take their time picking a sponsor, urging them to find the “right partner” and get full value.

The entirety of Bettman’s answers, as well as his discussion on several other topics, can be found in the full discussion with Silverman.

  • The Vegas Golden Knights have injury updates on a pair of key players. According to Vegas head coach Bruce Cassidy, as reported by Ben Gotz of the Las Vegas Review-Journal, forward William Carrier is unlikely to play in preseason games this upcoming week as he continues to deal with an upper-body injury he suffered a week ago. On a more positive note, goaltender Laurent Brossoit, who is recovering from hip surgery, was able to skate on his own, however he still has yet to be cleared to join the rest of the team. Even without star goaltender Robin Lehner for this season, after acquiring Adin Hill from the San Jose Sharks and having breakout netminder Logan Thompson in the fold, Vegas can afford to be patient with Brossoit as he makes his way back.
  • There’s some reason for concern for the Carolina Hurricanes with the team announcing defenseman Brett Pesce would not return to tonight’s game against the Columbus Blue Jackets after suffering a lower-body injury. It’s unclear what caused the injury or how severe it is, but losing a key piece such as Pesce for any stretch of time surely puts Carolina in a difficult position.
  • On today’s 32 Thoughts Podcast, Sportsnet’s Elliotte Friedman touched on a pair of teams who could be in the market for additional help up front if the opportunity should arise: the Calgary Flames and the Minnesota Wild. Friedman mentions the Flames as a team who may want to add another scorer into the mix if they don’t believe the players in camp with them now can be that player. In addition to several intriguing prospects, Calgary has veterans Sonny Milano and Cody Eakin in camp on PTOs with the team having $1.487MM in available cap space. Worth considering, the Flames did claim forward Radim Zohorna off waivers from the Pittsburgh Penguins earlier today. Also mentioned were the Wild, who dealt star winger Kevin Fiala, knowing their cap situation would likely prevent them from signing him long-term. Ultimately, they’re left with $5.738MM in cap space and needing to recover at least some of what they lost in Fiala, who posted 85 points in 82 games last season.

Nashville To Host 2023 NHL Draft, Awards

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The NHL is headed to Nashville. The Predators will host the 2023 NHL Draft and the 2023 NHL Awards next year, the first time the events have been held in the same place since 2006. The award ceremony is set for June 26, while the draft will commence two days later on June 28  (a Wednesday) with the televised first round. NHL commissioner Gary Bettman released the following statement:

We are thrilled to bring two of our marquee events – the 2023 NHL Awards and the 2023 NHL Draft – to Nashville, a special city that certainly knows how to throw a great party. From the 2003 NHL Draft to the 2016 NHL All-Star Weekend to the 2017 Stanley Cup Final to the 2022 NHL Stadium Series game, the city, the Predators organization and the Country Music community have overwhelmed the NHL with their welcome and support every time Nashville has hosted a League event. We cannot wait to return next June to celebrate the stars of our game and introduce the next generation of NHL Players.

The 2023 draft class is expected to be among the best the league has seen in years, with Connor Bedard, Matvei Michkov, Adam Fantilli, Zach Benson, Dalibor Dvorsky, and others looking like star-level talent (if not even better than that). Teams across the league are already trying to set themselves up for the best draft position possible to get a shot at Bedard in particular, who continues to wow audiences with a brilliant shot at the World Juniors, even if his overall impact on the game is limited at such a young age.

The Regina Pats superstar only turned 17 a few weeks ago, meaning he will not even be 18 by the time he is picked by an NHL franchise next summer. The hype by next year’s event will likely be out of control, and in a city known for its event planning, the draft should be a fun time for fans and players alike.

Arizona Coyotes Begin Next Round Of Arena Negotiations

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Earlier this month, the Tempe City Council voted to move forward with negotiating plans with the Arizona Coyotes and the NHL for a new arena within the city limits. Today, Sportico’s Barry M. Bloom reports that the Coyotes have now pitched a $1.7 billion plan to the Tempe government for a 46-acre property currently occupied by a landfill. The development would include a new arena and an entertainment district as well.

For the Coyotes, any news is good news. With the amount of new arena talk followed up by no action in the entire league (the Ottawa Senators and LeBreton Flats), any concrete development in the process purely reduces the likelihood of the Coyotes being left without a rink when their deal with Arizona State University expires.

If passed, this would undoubtedly be the longest-serving home of the Coyotes in their history in the desert. The report from the original discussions with the City Council in early June yielded a statement from NHL commissioner Gary Bettman that the team would sign a 30-year non-relocation agreement with the city.

News about the plan will undoubtedly continue to trickle in throughout the offseason. An assurance that the Coyotes will have a stable exit plan from playing at the 5,000-seat arena at ASU would be welcomed sooner rather than later.

Snapshots: Cogliano, Quenneville, Kostin

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Colorado might get a veteran back in the lineup tonight as head coach Jared Bednar told reporters including NHL.com’s Amalie Benjamin that winger Andrew Cogliano could be an option to return.  The 35-year-old underwent hand surgery to repair an injury sustained during the Western Conference Final but returned to practice on Friday and participated in the morning skate today.  Cogliano, who leads all Colorado players in terms of the number of playoff games played, has two goals and an assist in 11 games so far this postseason while logging a little more than nine minutes a night of action.  If Cogliano is able to return, Nicolas Aube-Kubel may be the one to cede his spot.

Elsewhere around the NHL:

  • In an appearance on ESPN’s The Point on Friday (video link), commissioner Gary Bettman acknowledged that former Panthers head coach Joel Quenneville has expressed a desire to return to the NHL though not for a specific job opening. At the time of Quenneville’s resignation following the findings of the Kyle Beach investigation being released, Bettman indicated that he would “require a meeting in advance in order to determine the appropriate conditions under which such new employment might take place”.  That meeting probably won’t be coming soon as Bettman added during his appearance that he doesn’t believe that this is the right time to discuss the potential of Quenneville returning to work for a team.
  • In his latest reader chat, Tom Timmermann of the St. Louis Post-Dispatch suggests that winger Klim Kostin is a likely trade candidate for the Blues this summer. Alexey Toropchenko plays a very similar style as Kostin and is someone that head coach Craig Berube is a fan of, giving Torochenko a leg up for that spot on the lineup.  A 2017 first-round pick, Kostin is waiver-eligible next season but could still carry some value after picking up nine points and 90 hits in 40 games with St. Louis this season while also playing a key role for AHL Springfield as the Thunderbirds get set to start the Calder Cup Finals tomorrow.

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.

Snapshots: Revenue, Playoff Structure, Senators Ownership

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Commissioner Gary Bettman’s annual media tour during the first round of the NHL playoffs usually provides fans and media with unique information about the state of the league and its franchises, the kind of information one could only get from an interview with the commissioner, and this year’s tour has been no different. Speaking to reporters during the first intermission of last night’s contest between the Toronto Maple Leafs and Tampa Bay Lightning, Bettman issued some updates on a variety of situations around the NHL. One of the more major updates he gave, as relayed by Joe Smith of The Athletic, was regarding the state of the league’s finances. Bettman said that the all-important hockey-related revenue number (the number that is the subject of intense negotiations between the players and owners every time the collective bargaining agreement expires) will be about $150MM lower than his December projection of $5.3 billion.

This shortfall compared to the initial projection can be a result of a variety of factors, but perhaps the most likely has to do with the unanticipated limits to attendance many teams faced this season. It was likely anticipated that teams would not have to go back to reduced-capacity or zero-capacity crowds and that those restrictions were a thing of the past, an assumption that ended up being premature. Multiple Canadian clubs dealt with reduced-attendance mandates, and given that the NHL is a primarily gate-driven league (meaning a higher share of revenues comes from ticket sales than other major North American sports leagues) those restrictions could be responsible for the lower revenue total.

Now, for some other bits of information coming from Bettman’s meeting with the press:

  • While there has been discussion here and amongst members of the media about the NHL changing its playoff structure, it seems that there isn’t much appetite from the league for pursuing such a change. When asked about potentially making alterations to the league’s playoff structure, Bettman had the following to say:

People are always thinking: ‘What can we do different to make it better?’ What we have is working really, really well. When you look at the number of games we get in the playoffs, (excitement) in the first round and our competitive balance in the regular season, it’s extraordinary. I’ll put it up against anything else that’s going on in sports.

  • After the sudden passing of longtime Ottawa Senators owner Eugene Melnyk, there has been much conversation about the future of his team and its ownership. When asked about that future, Bettman decided to pump the breaks on any speculation of a quick change in ownership for the Senators. Bettman said, as relayed by Sportsnet’s Luke Fox, that the Senators “aren’t for sale,” and that there have not been discussions on any level about a potential sale of the team. Bruce Garrioch of the Ottawa Sun reports that Senators management is currently reporting to the board that Melnyk put in place before his passing, and it was made clear from Bettman’s comments that this arrangement is not one the league sees any real need to immediately change.

Latest On Salary Cap Projections

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It’s been a foolish game to try and project future revenues over the last few years, with COVID-19 creating so much unpredictability from day to day. In the summer of 2021, it seemed clear that because of the loss of huge amounts of gate revenue, broadcast commitments, and other sources of income for the NHL, the salary cap would be relatively flat through the 2025-26 season. Frank Seravalli and Daily Faceoff worked out the escrow debt that was holding back any cap increases and projected it would take several seasons to pay off.

Then, in December, NHL commissioner Gary Bettman was very bullish on the way the league revenues had rebounded and suggested that the escrow debt could be paid off a year earlier. Unfortunately, in the days that followed that announcement, a huge number of games started being postponed, Canadian teams started playing in empty rinks, and once again those projections were put in jeopardy.

Now, as things have at least stabilized for the time being, it appears as though the league is still on track for an increase in 2025-26. NHLPA director Donald Fehr told Elliotte Friedman of Sportsnet that it is a “reasonable bet” that the escrow debt will be paid off by the end of the 2024-25 season. If they do, it would almost certainly trigger a significant cap jump.

When Seravalli first projected out the cap numbers for the next few years, that jump was just under $6MM, to a total of $91.4MM. Remember though, that was for the 2026-27 season, meaning if the escrow is paid off a year earlier, it will come in a little under that number.

For now, the league is still limited to $1MM increases. Next season will have a cap ceiling of $82.5MM, 2023-24 is expected to be $83.5MM, and 2024-25 will have an $84.5MM. But as the entire world has learned since early 2020–don’t take projections as gospel.

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.

Eugene Melnyk Dies At 62

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The hockey world is in mourning this evening, as the Ottawa Senators confirmed that owner Eugene Melnyk has died at age 62. A message from the Melnyk family indicated that he passed “after an illness he faced with determination and courage.”

Melnyk purchased the Senators in 2003, when the team was facing bankruptcy and possible relocation. While the team has still yet to raise the Stanley Cup as champions, they did reach the Final in 2007 and went to the Conference Finals in 2017.

NHL commissioner Gary Bettman released the following statement:

The National Hockey League mourns the passing of Ottawa Senators owner Eugene Melnyk. The words ‘passion’ and ‘commitment’ define the man who has owned the Ottawa Senators since 2003. Whether it was in the boardroom with his fellow governors, at the rink with his beloved Senators or in the community with his philanthropy, he cared deeply about the game, about his team and about bettering the lives of those in need, particularly underserved children, organ donation and, most recently, with his commitment to his parents’ home country of Ukraine.

While successful in business, it was our game and his Senators that he was most passionate about. Eugene was often outspoken but he maintained an unwavering commitment to the game and his roots and he loved nothing more than donning a Senators sweater and cheering on his beloved team.

On behalf of the entire National Hockey League, I extend my deepest sympathies to Eugene’s daughters, Anna and Olivia, his extended family, and all those who benefited from his generosity.

The entire hockey world, including those of us at PHR, send our condolences to his children Anna and Olivia, partner Sharilyne and the rest of the Melnyk family.

NHL Upholds Nino Niederreiter Suspension

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NHL commissioner Gary Bettman has upheld the one-game suspension assessed to Nino Niederreiter after the Carolina Hurricanes forward filed an appeal. The suspension was handed out more than a week ago and Niederreiter has already missed a game and then returned to the lineup, meaning this appeal was simply to try and clear his record and recoup the forfeited salary.

Niederreiter was suspended for slashing Axel Jonsson Fjallby while the Washington Capitals forward was still on the bench. At the time, the Department of Player safety called the incident a “controlled, and purposeful stick swing directed toward an opponent on the bench” and worthy of a suspension, even with a relative lack of force.

In the two-page decision, Bettman explains:

Mr. Niederreiter has no history of supplemental discipline in his ten (10) year NHL career, and his demeanor during the hearing was remorseful and respectful. However, I cannot discount the intentional, retaliatory, and potentially dangerous nature of his action. I accept that this was not a forceful act; however, the onus is on Mr. Niederreiter as a Player on the ice not to engage with Players on the bench, even if the Players on the bench engaged with him and especially when contact is with a Player who is unsuspecting and not involved. Moreover, even while I accept Mr. Niederreiter’s statement that his slash was not forceful, any intentional use of a stick to make contact with a Player’s neck or head is unacceptable, and certainly with a Player on the bench. While Mr. Jonsson-Fjallby was not injured in this instance, a matter of centimeters could have led to a dramatically different result.

Niederreiter forfeited just over $26K for the incident and will have it added to his supplementary discipline history. It will be considered in any future rulings. Tonight, meanwhile, he’ll be back on the ice against the Capitals.

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