Why the “Business of Hockey”? Former Bruins GM Peter Chiarelli commented on the team’s ongoing efforts to extend forward Milan Lucic saying, “eventually we’ll get around to that. We’ve got a lot of things we have to do and that’s the business of hockey, and you know unfortunately, and this doesn’t apply to [Lucic], this is generally speaking, unfortunately when you’re in the position of success that we’ve had and players are at an age that they’re commanding, based on their years of service, they’re commanding certain salaries, you have to make tough decisions.” Chiarelli was replaced by Don Sweeney who, in the team’s best long-term interests, dealt Lucic to the Los Angeles Kings in exchange for goaltender Martin Jones, defensemen Colin Miller, and a 2015 1st round draft pick (13th overall). The Bruins then traded Jones to the San Jose Sharks for a 2016 1st round draft pick and college prospect Sean Kuraly. While the Bruins gave up a core player, the subsequent trades will continue paying dividends for years to come.
Hockey is no longer just a game, but a multi-billion dollar business. The post-2005 NHL Lockout Collective Bargaining Agreement (CBA) created a salary cap that has controlled how the NHL and other professional hockey leagues are run. The implementation of a salary cap was one of the main topics in the CBA. The salary cap keeps the teams balanced or otherwise teams like the Boston Bruins or Toronto Maple Leafs could buy the best players like what is done in baseball.
I created my blog to learn about and share insights of the business side of hockey with everything from salary cap regulations, CBA interpretations, hockey analytics, contract negotiations, and team finances.
In addition to this blog, I have spent the past year working with UMass Amherst’s hockey team tracking statistics, analyzing the data, meeting with two different coaching staffs to discuss trends found, and explaining how the coaching staff can use this information to help improve the team.
I graduated in May of 2015 from UMass Amherst with a double major in Accounting and Sport Management and obtained my Masters of Science in Accounting this past summer. My two passions are in hockey and math and through the Isenberg School of Management, I’ve been able to combine the two in the form of business in the sport world. Since then, I learned about hockey analytics and while my passions remain the same, I’ve turned my focus onto the analytic side and am looking to start a career in Hockey Operations.
Feel free to reach me on Twitter at @QuickkNess or via email at SNessHockey (at) gmail.com