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NHL Commissioner Warns U.S.-Canada Tariffs Could Disrupt League Finances

Gary Bettman highlights potential challenges for Canadian teams due to currency impacts from ongoing trade tensions.

NHL commissioner Gary Bettman, right and NHLPA executive director Marty Walsh speak to the media before the start of 4 Nations Face-Off hockey in Montreal on Wednesday, Feb. 12, 2025. THE CANADIAN PRESS/Christinne Muschi
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Overview

  • NHL Commissioner Gary Bettman expressed concerns about the economic effects of U.S.-Canada tariffs, particularly on the league's Canadian teams.
  • Canadian teams generate 25% of NHL revenue but pay players in U.S. dollars, making them vulnerable to a weakened Canadian dollar.
  • The tariffs, initiated by the U.S. and met with Canadian retaliation, could complicate the league's revenue-sharing system and financial stability.
  • Bettman noted the broader uncertainty could also affect sponsorship deals and other league operations.
  • Despite these challenges, the NHL is on track to surpass $7 billion in revenue this season, with strong attendance and viewership reported.