The Oilers network the Florida Panthers, who are two activities away from winning their line, in Edmonton on Thursday night for the first time in nearly two decades. The Edmonton Oilers lost seven games to the Carolina Hurricanes in the last game of the 2006 Stanley Cup championship game in a year after a shutdown that ended the 2004-2005 NHL season and when the team was in the middle five for both income and company value.
Little has changed.
The Oilers also compete in one of the nation’s fewest professional sports areas, but their revenue has increased significantly since Rogers Place opened in 2016. The Oilers generated the fifth- highest profit in the NHL during the 2022- 23 year at an estimated$ 281 million nets of profit sharing—by Sportico’s matter, the current Cup run will push revenue over$ 300 million and likely into the top three. The Oilers are in the top five for funding profit, as well as regular time gate records and local media, respectively.

The Oilers are the NHL’s ninth- most important group at$ 1.6 billion, with every team back of it in a rail area at least three times larger by people.
Even though the Canadian dollar is currently worth$ 0.73, just a tick above the 20-year lows of$ 0.69 that were briefly hit in 2016 and 2020, revenue for the Oilers has increased. The Canadian dollar was valued above$ 1 as recently as 2012 and is over 30 % from those amounts. The New York Rangers were the exception because of the exchange rate balance, which meant that five of the top six leagues by ticket sales were located north of the border.
among the five biggest Northern American sports teams, the NHL is by far the most dependent on the value of the American dollar. The NHL has seven groups in Canada, including three economic powerhouses in Toronto, Montreal, and Edmonton, while the other four leagues now have revenues that are in the bottom half of the league.
According to a person with knowledge of NHL club finances who was not authorized to speak publicly, a one-cent change in the exchange rate is worth roughly$ 20 million in hockey-related revenue ( HRR ). The salary cap and payroll minimum are derived from HRR. The HRR effect may be higher for 2023- 24 with four French clubs in the finals, including the Toronto Maple Leafs, as well as the Oilers in the Cup last. The average exchange rate for the league year ( July 1 through June 30 ) is$ 0,74, which is the average for the 2023-24 season.
In 2013, Rogers Communications signed a 12- time, CA$ 5.2 billion TV that was worthwhile$ 4.9 billion based on 2013 transfer charges. It is a$ 3.8 billion agreement using current rates.
French teams collect their native profit in American dollars, but their biggest cost, player salaries, is in U. S. money. The NHL is still very much a doorway- driven group, but key revenues, which are essentially collected in U. S. dollars, are creeping higher as an entire percentage, according to Allan Walsh, co- head of Octagon Hockey. In a phone interview, Walsh stated that” the exchange rate is something that is closely monitored in the NHL and has a great impact.”

The NHL established its Canadian Assistance Plan in 1995 to send seven-figure checks to Canadian teams that had been impacted by the exchange rate. The Canadian dollar was valued at around$ 73 before it eventually dropped to$ 62 in 2002. The NHL’s wider revenue-sharing system, which benefits all lower-income clubs with payments from the top teams, ended the plan in 2004 with the league implementing it.
The league currently employs currency hedging strategies, and recent efforts have been focused solely on the short-term. Most Canadian clubs use one- to- three- year forex futures to hedge their U. S. dollar salary exposure, according to multiple sources.
HRR is expected to top$ 6 billion for the 2023- 24 season. On Saturday, the NHL and NHL Players ‘ Association revealed the salary cap for next season would be$ 88 million, up from$ 83.5 million. It marks the first bump of more than$ 1 million since the 2019- 20 campaign, as players owed a “debt” to make up for revenue shortfalls triggered by the COVID- 19 pandemic.
The Oilers lost to the Hurricanes in the 2006 Stanley Cup Final in seven games, not five, according to the original story.