Calculating the Coyotes' $67-million 'loss'

There are all sorts of figures out there as to how much cash the Coyotes actually lost last season, but to clear up any confusion, here's the team's balance sheet below (click to view larger version):

Coyotes-financials_medium

I'm no accountant, but the $67.1-million figure we've heard often lately includes AMG Operations (which I believe is related to trying to sell the team), interest expenses and depreciation and amortization. So that's the "net operating profit figure."

The "operating profit" is listed as a $27.1-million loss.

In terms of expenses, here's how that $85-million chunk breaks down:

Coyotes_expenses_medium

The hockey expenses figure, 69 per cent of the cost involved here, does not strike me as that high, although it is inflated by the salary paid to Wayne Gretzky. What's also noteworthy is just how low the team's arena costs are, as they pay very little toward Jobing.com Arena (combining arena operations with the ticket taxes gives me a figure of about $90,000 per home game).

One more incredible detail here: The Coyotes made more in revenue sharing last season ($13.5-million) than ticket revenues ($13.3-million), the latter of which have to be the lowest by far in the NHL at just $325,000 per game.

As I've written before, even with all that revenue sharing, the team's revenues are still at least $15-million lower than they need to be for the team to break even. I've got no clue where that cash can come from, either.

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