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URLwire for Thursday, Febraury 19, 2004 
 
New NHL Site Explains Collective Bargaining Agreement to Fans
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http://www.NHLCBANews.com
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The National Hockey League this week launched a new website at NHLCBANews.com, which provides fans with the latest news and information about League economics and collective bargaining.

The launch of the CBA site follows last week's announcement from former Securities and Exchange Commission chair Arthur Levitt, regarding the results of his independent study of the finances of the NHL. 

In his report, Levitt concluded that the NHL sustained operating losses of $273 million during the 2002-03 season on revenues of $1.996 billion; that 75% of the League's gross revenues are spent on player salaries and other player costs; and that the NHL's player costs as a percentage of its revenues far exceeded those in other major league professional sports. 

The complete report and full press conference transcript are available on NHLCBANews.com.

Other information available on the site includes:

  • Collective Bargaining Basics
  • Glossary of Terms
  • League-Wide Financial Results from 2002-03
  • CBA Historical Financial Results
  • Average Cost of Player Performance
  • Player Productivity in Relation to Salary Over Time
  • Fan survey results
  • What people are saying
Everything you need to know about the NHL's Collective Bargaining Agreement with the NHL Players' Association, including history, economic reports and frequently asked questions.
     


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