NHL Locks Out Players: Bad News For NBC

BREAKING… Another new TV sports season, yet another labor squabble. The National Hockey League locked out players one minute after their union pact expired at midnight ET time, the AP reported. The clock struck midnight, and the NHL turned into another sports league closed for business. So much for NBC last year signing the largest TV deal in the history of the NHL, with the NBC Sports Group paying $2 billion over the next 10-years to retain the rights to hockey on American television. It’s in effect until the 2020-2021 season but who knows if there’ll even be this season. Because the two sides were so far apart in their bargaining that they didn’t even meet face-to-face today. This is the 3rd major pro sport to impose a work stoppage in the last 18 months, behind the NFL and NBA, and the 4th shutdown for the NHL since 1992 – including a year-long dispute that forced the cancellation of the entire 2004-2005 season when the league successfully held out for a salary cap. This time there was a reported $3.3 billion pot of revenue to split.

This article was printed from https://deadline.com/2012/09/nhl-locks-out-hockey-players-0001-am-337133/