Update From Day One Of The NHL Board Of Governors Meetings

Photo: NHL via Getty Images

The NHL’s Board of Governors (BOG) have assembled in Florida this week for their annual meetings. The two-day event primarily focuses on business aspects of league operations but also discusses other pertinent topics related the league.

Here is a quick roundup of the latest news reported from day one of the meetings held at the Breakers Resort in Palm Beach, Florida.

Media Presentations

The NHL Board of Governors heard presentations from major media partners today with representatives from ESPN and The Walt Disney Co., Warner Bros. Discovery, Rogers Sportsnet and Sportradar. Gary Bettman said that took up about 60-70 percent of the meeting today.

Sale Of Ottawa Senators

The sale of the Ottawa Senators is not officially on the agenda. Deputy Commissioner Bill Daly said he couldn’t comment on status of Melnyk estate/Ruddy lawsuits that came from previous LeBreton Flats process that fell apart. There is word a settlement is either done or getting close. Certainly league, team and potential bidders would prefer this be taken care of before process officially begins.

Daly couldn’t confirm the number of interested parties, but sources suggest it may be in the double digits. Any sale of the franchise, with Eugene Melnyk’s daughters expected to maintain a minority stake, will be contingent on the Senators remaining in Ottawa and a new arena lease being completed.

World Cup And Olympics

Some discussion on the World Cup, which is now being projected for Feb. 2025, and a recap on the Global Series was held on Monday.

Daly said that the next World Cup could be scheduled for 2025, shortly ahead of the 2026 Olympics, is not problematic from a scheduling standpoint … In fact, Daly reiterated that player participation in the Milan Winter Olympics is “not ironclad,” and said the NHLPA has been clear that players “are not going if they don’t get what they’ve normally gotten” in relation to the terms and conditions with things such as insurance and travel costs.

Salary Cap

Bill Daly says, given that salary cap projections were presented six weeks ago, there’s no real material difference in what will be presented to the BOG tomorrow. Daly and Gary Bettman wouldn’t say much else before presenting tomorrow.

Bettman projected optimism that the cap has the potential to rise significantly, as much as $4.5 million, after being frozen for these last three seasons as a result of the pandemic’s interruption on business.

“I don’t want to get ahead of what we’re going to tell the Board, so there’s not a whole lot I can say there, but what I’ve suggested is we’re only six weeks after the last update we gave to the Board,” NHL deputy commissioner Bill Daly said Monday.

“Our finance department has gone back to the clubs and gotten revised projections and estimates, but they aren’t materially different than what they were six weeks ago. So I think we’re kind of in the same position with respect to what we’re going to be telling the Board tomorrow.”

Capitals Rebuild

ESPN’s Greg Wyshinski spoke with Capitals owner Ted Leonsis at the meetings. He asked about a potential rebuild for the Capitals.

“I’m not gonna do what I did last time and trade everybody,” said Leonsis, in reference to the total teardown the Capitals endured roughly 20 years ago that resulted in them selecting Ovechkin with the first overall pick in the 2004 draft.

“I’m sure there’ll be an influx of some young players, but we’re not gonna rebuild the team,” he said. “To me, a rebuild is when you look the players, the coaches, the fans in the eye and say we’re gonna be really, really bad. And if we were really, really bad, I don’t think Alex would break the record.”

Fan Code Of Conduct

The Board is expected to be apprised of a Fan Code of Conduct on Tuesday that has been in the works by the league’s Inclusion Committee for a number of months. The recent incidents of fans throwing items onto the ice in New Jersey would fall under that code, but the code is not in a direct response to that incident.

Odds And Ends

Coyotes CEO Xavier Gutierrez says someone had part of their finger bitten off during that insane brawl at Mullet Arena last week.

There was also a proclamation read to Bettman by Jeremy Jacobs, the chairman of the BOG, commemorating his 30 years on the job.

It sounds like would should learn a lot more from day two of the meetings tomorrow.

By Jon Sorensen

[The Board of Governors is the ruling and governing body of the National Hockey League. In this context, each team is a member of the league, and each member appoints a Governor (usually the owner of the club), and two alternates to the Board. The current chairman of the Board is Boston Bruins owner Jeremy Jacobs.]

About Jon Sorensen

Jon has been a Caps fan since day one, attending his first game at the Capital Centre in 1974. His interest in the Caps has grown over the decades and included time as a season ticket holder. He has been a journalist covering the team for 10+ years, primarily focusing on analysis, analytics and prospect development.
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1 Response to Update From Day One Of The NHL Board Of Governors Meetings

  1. Anonymous says:

    They have a lot of nerve, “fan code of conduct”. Who do they think pays for their meetings at the Breakers? Crapping on the customer.

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