Reply to Wizards and Caps could be moving to Potomac Yard

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[quote=Anonymous][quote=Anonymous]I think it is clear that Leonsis doesn't care about having fans in the arena. He will make enough off the land deals and TV contracts that the concessions and fan tickets won't be an issue. Of course, that is what pays for the bonds, which is why the people of Alexandria will be left holding the bag.[/quote]
The NHL is not the NFL.  NHL teams need fans in the arena.  The NHL's domestic media rights package for the current 2023-24 has a value of $625 million.  That's five percent of the NFL's package, 23 percent of the NBA's deal, and one-third of MLB.  $625 million averages out to $19.5 million per NHL team.  True, football, basketball, and baseball don't have a sizable international media presence; hockey does.  But a Canadian television audience still doesn't get the NHL anywhere close to the other three leagues.

During the Covid-shortened 2019-20 season, NHL owners were panicked over lost revenue paying before empty seats.  And for good reason.  In that season, the Washington Capitals generated $1.88 million in gate receipts and $2.5 million in concessions per home game.  For a full season, that's $77 million at the door and $103 million in food and merchandise for a total of $180 million.[/quote]

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