On April 12, 2007, the Atlanta Thrashers skated in their first ever postseason contest. The building was sold out that night, as over 18,000 Georgia residents packed the stands of Philips Arena, most sporting light blue attire. While that event took place more than five and a half years ago, I remember it like it was yesterday.
Contrary to what anyone could have predicted back in 2005, the National Hockey League’s overall revenue has grown tremendously under the most recent collective bargaining agreement, reaching $3.2 billion last season—the most in league history. And yet, the majority of NHL teams continue to hurt financially, and very few are currently making real money.