May 24, 2022

Winnipeg
12° C, Sunny

Full Forecast

Contact Us Subscribe Manage Subscription Chat with us
Log in Create Free Account Help Chat with us
    • Contact Us
    • Advertising Contact
    • Submit a News Tip
    • Subscribe to Newsletters

    • Finding your
      information

    • My Account
    • Manage my Subscription
    • Change Password

    • Grid View
    • List View
    • Compact View
    • Text Size
    • Translate

    • Log Out
    • Log in
    • Create Free Account
    • Help

    • Grid View
    • List View
    • Compact View
    • Text Size
    • Translate
  • Coronavirus Coverage
  • Replica E-Edition
    • About the E-Edition
    • Winnipeg Free Press
    • Community Review East
    • Community Review West
  • Above the Fold
  • Front page
  • Arts & Life
    • All Arts & Life
    • The Arts
    • Autos
    • Books
    • Book Club
    • Cannabis
    • Celebrities
    • Diversions
    • Puzzles
    • Environment
    • Events
    • Faith
    • Food & Drink
    • Your Health
    • Life & Style
    • Movies
    • Music
    • Science & Technology
    • TV
    • Travel
  • Business
    • All Business
    • Agriculture
    • Personal Finance
    • Manitoba's Top Employers
  • Canada
  • Local
  • Opinion
    • All Opinion
    • Analysis
    • Columnists
    • Editorials
    • Editorial Cartoons
    • Letters to the Editor
    • Send a Letter to the Editor
  • Sports
    • All Sports
    • Amateur
    • Auto Racing
    • Blue Bombers
    • Curling
    • Football
    • Goldeyes
    • Golf
    • High School
    • Hockey
    • Horse Racing
    • Winnipeg Jets
    • Manitoba Moose
    • WHL
    • MLB
    • NBA
    • Olympics
    • Soccer
  • World
  • The Star
  • Reader BridgeNEW
  • WFP EventsNEW
  • About Us
    • About Us
    • Advertising
    • Contact Us
    • Carrier Positions & Retailer Requests
    • FP Newspapers Inc.
    • History
    • Internships
    • Job Opportunities
    • News Café
    • Privacy Policy
    • Retail Locations
    • Staff Biographies
    • Terms and Conditions
  • Archives
  • Free Press Community Review
    • All Free Press Community Review News
    • East Edition
    • West Edition
    • Sports
    • Events
    • Contact Us
    • E-Editions
  • Classifieds
  • Contests
  • Coupons
    • All Coupons
    • Staples Copy & Print Coupons
    • Ripley's Aquariums Coupons
    • The Bay Coupons
    • Staples Canada Coupons
    • Altitude Sports Coupons
    • Nike Coupons
    • Tuango Coupons
    • Ebay Canada Coupons
    • Sport Chek Coupons
    • Roots Coupons
  • LifestylesNEW
    • All Lifestyles
    • Business Hub
    • Community
    • Drink & Dine
    • Life
    • Wellness
    • Whiskers & Wings
    • Sponsored Articles
  • Homes
    • Property Listings
    • Featured News
    • Renovation and design
    • New homes
    • Resale homes
  • Newsletters
  • Obituaries
  • Puzzles
  • Photo and Book store
  • More

©2022 FP Newspaper Inc.

Close
  • Quick Links

    • Coronavirus Coverage
    • Federal Election
    • Above the Fold
    • Home
    • Local
    • Canada
    • World
    • Classifieds
    • Special Coverage
    • Newsletters
    • Obituaries
    • Photo and Book store
    • Archives
    • Contests
    • Publications
    • Sponsored Content
    • Privacy Policy

    Ways to support us

    • Pay it Forward program
    • Subscribe
    • Day Pass
    • Support Faith coverage
    • Support Arts coverage
  • Replica E-Edition

    • About the E-Edition
    • Winnipeg Free Press
    • Community Review East
    • Community Review West

    Business

    • All Business
    • Agriculture
    • Personal Finance
  • Arts & Life

    • All Arts & Life
    • The Arts
    • Autos
    • Books
    • Cannabis
    • Celebrities
    • Diversions
    • Puzzles
    • Environment
    • Events
    • Faith
    • Food & Drink
    • Your Health
    • Life & Style
    • Movies
    • Music
    • Science & Technology
    • TV
    • Travel
  • Sports

    • All Sports
    • Amateur
    • Auto Racing
    • Blue Bombers
    • Curling
    • Football
    • Goldeyes
    • Golf
    • High School
    • Hockey
    • Horse Racing
    • Winnipeg Jets
    • Manitoba Moose
    • WHL
    • MLB
    • NBA
    • Olympics
    • Soccer
  • Opinion

    • All Opinion
    • Analysis
    • Columnists
    • Editorials
    • Editorial Cartoons
    • Letters to the Editor
    • Send a Letter to the Editor

    Media

    • All Media
    • Photo Galleries
    • Videos

    Homes

    • Property Listings
    • Featured News
    • Renovation and design
    • New homes
    • Resale homes
  • Canstar Community News

    • All Free Press Community Review News
    • East Edition
    • West Edition
    • Sports
    • Events
    • Contact Us
    • E-Editions
  • Coupons

    • All Coupons
    • Staples Copy & Print Coupons
    • Ripley's Aquariums Coupons
    • The Bay Coupons
    • Staples Canada Coupons
    • Altitude Sports Coupons
    • Nike Coupons
    • Tuango Coupons
    • Ebay Canada Coupons
    • Sport Chek Coupons
    • Roots Coupons
  • About Us

    • About Us
    • Advertising
    • Contact Us
    • Carrier Positions & Retailer Requests
    • FP Newspapers Inc.
    • History
    • Internships
    • Job Opportunities
    • News Café
    • Privacy Policy
    • Retail Locations
    • Staff Biographies
    • Terms and Conditions
The Free Press
Articles Read
Your Balance +tax
Day Pass Till
Day Pass
    • Contact Us
    • Advertising Contact
    • Report an Error
    • Send a Letter to the Editor
    • Staff Biographies
    • Submit a News Tip
    • Subscribe to Newsletters

    • Finding your
      information

    • Log in
    • Create Account
    • Help
    • Chat with us

    • Grid View
    • List View
    • Compact View
    • Text Size
    • Translate
    • My Account
    • Manage My Subscription
    • Change Password
    • Chat with us

    • Grid View
    • List View
    • Compact View
    • Text Size
    • Translate

    • Log Out
Log in Create Account Contact Us
Contact Us Manage Subscription
  • Sections
  • Local
  • Arts & Life
    • All Arts & Life
    • The Arts
    • Autos
    • Books
    • Diversions
    • Environment
    • Faith
    • Food & Drink
    • Health
    • Movies
    • Music
    • TV
    • Travel
  • Business
    • All Business
    • Agriculture
    • Personal Finance
    • Manitoba's Top Employers
  • Sports
    • All Sports
    • Amateur
    • Blue Bombers
    • Curling
    • Football
    • Goldeyes
    • High School
    • Hockey
    • Winnipeg Jets
    • Manitoba Moose
    • WHL
    • MLB
    • NBA
    • Soccer
  • Opinion
    • All Opinion
    • Analysis
    • Columnists
    • Editorials
    • Editorial Cartoons
    • Letters to the Editor
    • Send a Letter to the Editor
  • E-Edition
  • Homes
  • Classifieds
    • All Classifieds
    • Announcements
    • Automotive
    • Careers
    • Garage Sales
    • Merchandise
    • Pets
    • Real Estate
    • Rentals
    • Services
  • Lifestyles
    • Business Hub
    • Community
    • Drink & Dine
    • Life
    • Manitoba’s Top Employers
    • Wellness
    • Whiskers & Wings
    • Sponsored Articles
  • Coupons
    • All Coupons
    • Staples Copy & Print
    • Ripley's Aquariums
    • The Bay
    • Staples Canada
    • Altitude Sports
    • Nike
    • Tuango
    • Ebay Canada
    • Sport Chek
    • Roots
  • Obituaries
  • Subscribe$1.50 for 5 months
Home Sports Hockey Winnipeg Jets

Advertisement

Advertise With Us

Jets will not need NHL's revenue-sharing

By: Tim Campbell
Posted: 12:31 PM CDT Friday, Apr. 6, 2012

  • Tweet
  • Share
  • Print
  • Email
  • Save to Read Later

Winnipeg Jets co-owner and governor Mark Chipman dropped a bombshell at a press conference today, announcing the Jets will not be a revenue-sharing team for 2011-12.

Hey there, time traveller!
This article was published 6/4/2012 (3699 days ago), so information in it may no longer be current.

Mark Chipman doesn't expect many will move off the club’s season-ticket waiting list.

BORIS MINKEVICH / WINNIPEG FREE PRESS

Mark Chipman doesn't expect many will move off the club’s season-ticket waiting list.

Winnipeg Jets co-owner and governor Mark Chipman dropped a bombshell at a press conference today, announcing the Jets will not be a revenue-sharing team for 2011-12.

The assumption far and wide -- including by the team until very recently -- was that the Jets, playing in the NHL's smallest building and in its smallest market, would need to participate in the league's welfare system to make a go of it.

True North Sports and Entertainment won’t know for absolute certain until the league’s revenues and finances are audited after the playoffs are over, but Chipman’s actual point was that revenues for the NHL’s first season back in Winnipeg have exceeded expectations to the point the Jets could well be in the league’s top 15 of revenue.

If they’re not, they’ll be close to that, and any revenue-sharing amount that would come to them would be negligible.

Chipman wouldn’t disclose the Jets’ number for 2011-12, but given his statements it’s likely just less than $100 million.

The result is True North’s revenues for its first season in the NHL are just about what was budgeted, that the team generated its projected number without the help of the NHL sharing program.

"Because our revenues exceeded what we expected them to be, we don’t participate in sharing," Chipman said today. "In the end, we’re going to be in the exact same place we expected them to be. Which we feel good about."

To qualify for the revenue-sharing program, a team must be in the bottom half of the NHL in per-team revenue, be in a TV market of less than about two million and it must also meeting ticket-sales and other revenue minimums.

The Jets’ home, the MTS Centre, has been sold out all season at 15,004 seats and it’s believed the club’s media and broadcast revenues, as well as merchandise revenues, are responsible for most of the amount that has exceeded expectations.

"When we first modeled this business, we did so quite carefully," Chipman said. "We had the benefit of those years leading up and we looked at where we thought we would fit in. Initially, we thought we’d be a (revenue) share team. And so we studied that model very carefully.

The Free Press | Newsletter

Winnipeg Gardener

What you need to know now about gardening in Winnipeg. A monthly email from the Free Press with advice, ideas and tips to keep your outdoor and indoor plants growing.

Sign up for Winnipeg Gardener
Sign Up

"We thought we were going to be dependent on it. So we spent time with teams like Nashville that have managed their way through that process very well. As it turns out, our revenues have exceeded the point at which we are allowed to participate in revenue sharing so we feel really good about that."

Among his other comments today, Chipman several times expressed his gratitude to Jets’ fans for their passionate support all season.

He said the team would be willing to spend money on free agents this off-season but promised the club would be sticking to its plan to develop its own young talent.

Also today, Chipman said he couldn’t offer a lot of hope to those on the club’s season-ticket waiting list for next season. Based on how many season-ticket holders bought possible playoff tickets, Chipman said he thought there would only be a small number of lucky hopefuls who move from the waiting list into season tickets for 2012-13.

He also said that fans at Saturday’s final regular-season game at the MTS Centre can expect to see some special video messages during the game about the team’s first season in Winnipeg.

tim.campbell@freepress.mb.ca

Advertisement

Advertise With Us

  • Report Error
  • Submit a Tip
  • Refund
  • The Free Press is certified by

The Winnipeg Free Press invites you to share your opinion on this story in a letter to the editor. A selection of letters to the editor are published daily.

To submit a letter:
• fill out the form on this page, or
• email letters@freepress.mb.ca, or
• mail Letters to the Editor, 1355 Mountain Avenue, Winnipeg, Manitoba, R2X 3B6.

Letters must include the writer’s full name, address, and a daytime phone number. Letters are edited for length and clarity.

Advertisement

Advertise With Us

Top