sputnik wrote:grumpy old man wrote:I think the source of your rumour is a little off...Stonekiller wrote:...rumor has it that the Jets are clearing 1.5 Million a home game. 60+ Million in profits for the season. That doesn't even include merchandising or anything else. How many hockey teams can claim that?
The Jets are not clearing $1.5 million per game. Their average ticket price is $81. That translates into $1.2 million GROSS per game. What their profit is on that is anyone's guess, but the total ticket revenue is about $51 million. Their player salaries are in that neighborhood.
My GUESS is the Jets are going to break even this year (and likely most years) as long as player salaries and the Canadian dollar don't get out of hand.
IMHO, where the Jets will likely make a profit is during the playoffs...
They will do better than break even.
Television royalities are in the ballpark of about $20 million, the private boxes are another $10 million and NHL revenue sharing is anywhere between $10-15 million.
Then add on concessions, advertising, merchandise etc.
Start to add that up and you are looking at a $100 million in revenue per year.
Considering we only have a $51 million payroll, I have a feeling the Jets will do much better than break even this year.
maybe if they do so well they will be nice enough to allow us to put a full dome on the stadium