Winter is coming. More specifically, with no meaningful revenue incoming since mid-March and none on the immediate horizon, hockey’s long winter is approaching amid the uncertainty surrounding the 2020-21 NHL season.
Even big-market clubs, Original Six teams like Boston and Chicago, have taken measures to reduce expenses. It is difficult to garner a complete view of the NHL’s financial picture at both the club and/or league level. Some teams, like the Carolina Hurricanes, have not made any pay cuts to hockey operations staff but have furloughed employees on the business side of the operation. That may also be true with other clubs around the league.
“These are crazy times,” one NHL team president said Thursday, “and there is no real light at the end of the tunnel.” Buffalo Sabres: After a 20 per cent reduction from April 1 to July 13, Sabres coaching staff rejected a request to take a voluntary 25 per cent reduction moving forward.Chicago Blackhawks: A 20 per cent reduction for salaries above $200,000, 15 per cent reduction for $100,000 to $200,000, with the elimination of bonuses.
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