Towards the end of July, NHL.com reported some interesting numbers that had been published in SportsBusiness Journal. They reported that NHL Commissioner Gary Bettman was paid $7.5 million for his services to the league in 2010-2011.
What caught my attention was that prior to the lockout, Mr. Bettman was making $3.77 million per season.
So since he oversaw the lockout that caused an entire season to be lost, Bettman's salary has increased 98 percent. That's right. The amount of money he makes has nearly doubled in six years. But surely there must be some merit to that increase, correct?
When Bettman was making $3.77 million, the NHL was generating a cool $2.1 billion in revenue. So for him to be giving himself such large raises, the league must really have increased revenues, right?
Well, not so much.
The NHL has seen a 28 percent increase in revenues, jumping from the $2.1 billion to $2.7 billion. Considerable growth, especially considering the impact of the lockout.
But why the doubling in salary, Bettman? That's in the same ballpark as Roger Goodell and David Stern. That frankly doesn't make sense to me.
But a problem isn't a problem unless you have a solution. So I am going to propose a handful of things that Bettman's salary could be better used for. Lets see what $7.5 million can get us besides a Gary Bettman.
As a side note, this is all in good fun. I have no idea how much any of these things really cost. It's just for a few laughs. Relax and enjoy.