Originally written on Kukla's Korner  |  Last updated 10/30/14
Crain's Detroit Business's Bill Shea broke down both the costs and benefits of the third owners' lockout upon the Detroit Red Wings, and as you might expect, the organization took a financial hit during the lockout, but they also saved money over the short-term by not holding games...and will win out over the long haul thanks to taking in an increased percentage of hockey-related revenues over the course of the new CBA. While Shea says that the Wings sacrified $8.8 million in operating income for missing 17 home games, they also saved a significant amount of money in terms of operating expenses--and they've come out with nary a loss in the season ticket-holding or suite-renting departments: Another cost off the books is the pay for about 1,000 part-time game-day staffers. If each part-timer was paid the federal minimum wage of $7.25 an hour for a five-hour shift, that would translate into just over $616,000 for 17 lost home games. The Red Wings, thanks to...
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