NHL lockout
Business & Management (SL) IA:
Commentary on:
Did the NHL lockout have a negative impact on the organization?
Candidate Name:
Candidate Number:
Written Commentary: 1494
Table of Contents
Contents
Page
Commentary
3-4
Conclusion
4
Appendices
5
Supporting documents
6-9
Bibliography
10
Written Commentary
Did the NHL lockout have a negative effect on the organization?
The National Hockey League (NHL) lockout began on September 15, 2012 at 11:59 pm when the NHL went into a labour dispute with the National Hockey League Players Union (NHLPA). As the NHL season was supposed to start on October 11, 2012 it did not happen. Fans started to grow very angry with the NHL, as this is the second lockout in the last ten years and the second under commissioner Gary Bettman (Paul Hunter). After soon hearing of this so called lockout, many players soon left to other leagues back in their home countries such as the Kontinental Hockey League (KHL), Deutsche Eishockey Liga, and many even played in the NHL minor leagues known as the America Hockey League (Paul Hunter). This had huge effects on the NHL organization as a whole; leading to laid off employees and many pay cuts for well-known NHL employees (Heath Thomas). Commissioner Gary Bettman even came out with a statement saying, “the business is probably losing between $18 and $20 million a day and the players are losing between $8 and $10 million a day.” What the actual numbers were, nobody knows, but just knows this is a huge amount of money for both parties. (Patrick Varine and Brad Pedersen)
Although this was the case for the NHL, other organizations love this. Many star players from the NHL like Alexander Ovechkin soon left to the KHL (Paul Hunter), the Russian hockey league. This helped create much higher profits for them while fans paid top dollar to see high quality players they’ve never seen play. (Heath Thomas) These players were so
Commentary on:
Did the NHL lockout have a negative impact on the organization?
Candidate Name:
Candidate Number:
Written Commentary: 1494
Table of Contents
Contents
Page
Commentary
3-4
Conclusion
4
Appendices
5
Supporting documents
6-9
Bibliography
10
Written Commentary
Did the NHL lockout have a negative effect on the organization?
The National Hockey League (NHL) lockout began on September 15, 2012 at 11:59 pm when the NHL went into a labour dispute with the National Hockey League Players Union (NHLPA). As the NHL season was supposed to start on October 11, 2012 it did not happen. Fans started to grow very angry with the NHL, as this is the second lockout in the last ten years and the second under commissioner Gary Bettman (Paul Hunter). After soon hearing of this so called lockout, many players soon left to other leagues back in their home countries such as the Kontinental Hockey League (KHL), Deutsche Eishockey Liga, and many even played in the NHL minor leagues known as the America Hockey League (Paul Hunter). This had huge effects on the NHL organization as a whole; leading to laid off employees and many pay cuts for well-known NHL employees (Heath Thomas). Commissioner Gary Bettman even came out with a statement saying, “the business is probably losing between $18 and $20 million a day and the players are losing between $8 and $10 million a day.” What the actual numbers were, nobody knows, but just knows this is a huge amount of money for both parties. (Patrick Varine and Brad Pedersen)
Although this was the case for the NHL, other organizations love this. Many star players from the NHL like Alexander Ovechkin soon left to the KHL (Paul Hunter), the Russian hockey league. This helped create much higher profits for them while fans paid top dollar to see high quality players they’ve never seen play. (Heath Thomas) These players were so
Bibliography: Heath, Thomas. "On Hockey Nights, a Center of Inactivity; MCI, Surrounding Businesses Feel Hit from NHL Lockout." The Washington Post: 0. Nov 25 2004. ProQuest. Web. 19 Mar. 2013 . Wawrow, John. "Economic Impact of Nhl Lockout Worsens." Pittsburgh Post - GazetteDec 21 2012. ProQuest. Web. 19 Mar. 2013 Ziemer, Brad