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NHL Faces Financial Uncertainty Over U.S.-Canada Tariff Dispute

Commissioner Gary Bettman warns the league's revenue and operations could be impacted by economic fallout from new tariffs between the two nations.

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 potential impact of U.S.-Canada tariffs on the league's financial stability, particularly due to the reliance on Canadian teams for 25% of its revenue.
  • The 25% tariffs imposed by the Trump administration on Canadian goods, and Canada’s retaliatory tariffs, may weaken the Canadian dollar, complicating financial operations as player salaries are paid in U.S. dollars.
  • Bettman noted the NHL's recent success, including record ratings from the 4 Nations Face-Off tournament and expected revenues surpassing $7 billion, but warned the tariffs could disrupt this momentum.
  • The political tension has also affected fan behavior, with national anthems being booed during U.S.-Canada games, highlighting the broader strain on cross-border relations.
  • Despite the challenges, Bettman remains optimistic, urging for a resolution to the trade dispute while emphasizing the league's commitment to maintaining strong partnerships and growth.