Competitive Balance in the National Hockey League and the Effect of the 2004-05 Lockout
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Authors
Humphries, Ian
Issue Date
2011
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
This paper examines the economics of competitive balance in the National
Hockey League (NHL) with specific emphasis on the effect of the 2004-05 season
lockout and subsequent Collective Bargaining Agreement (CBA). The CBA introduced a
variety of new measures with the goal of increasing the overall economic stability of the
NHL, as well as decreasing the growing competitive imbalances between top and bottom
teams. Economic models concerning competitive balance will be used and related to data
gathered from teams before and after the 2004-05 season lockout. The analysis will
explore the causes which led to the lockout and the benefits of the new CBA to the NHL
as a league, as well its team owners and players. Sports economics models used in this
paper demonstrate the potential results of new measures directed towards competitive
balance. The data consists of 10 years (9 seasons, 2000-2009) of information for the 30
teams that make up the NHL. Using the models ·and collected data, it is concluded that
the new CBA resulting from the 2004-05 lockout has provided increased competitive
balance with benefits to overall league welfare. These areas include potential for
increases in profitability for many large market teams, viability for small market teams,
and overall player welfare.
Description
vi, 47 p.
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License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.