Hockey and the Economy

2012-2013 NHL Lockout 

A lockout is a temporary stoppage in work due to a dispute between, in this case, the owners and the players. These two parties could not reach an agreement on a few issues. One agreement, however, is that the maximum deal that a player can sign is four years. 

This issue is still a big deal because many local businesses that are located near the Excel Energy Center had to lay off and/or file for bankruptcy. Game-day crowds are a large part of what drive these businesses and cities.

Detroit ("Hockeytown, USA") reported losing 1.9 million dollars for every home game cancelled. This lockout shortened this season by about 35 games. You do the math. One business in particular said he is down about 350,000$ due to this lockout. 

http://business.time.com/2013/01/08/nhl-lockout-is-over-guess-whos-happier-than-fans-or-players/