The Toronto Maple Leafs say the cost of staging the Easter Seal skate was too high for the amount of money raised. So they decided to cancel the event and instead make a donation to the charity. As expected, the reaction in the Toronto area has been nothing short of disgust - "...spoiled millionaires dump charity, prefer to write check instead of skating with disabled kids...", seems to be a common reaction in letters to the editors, on talk radio, etc.
The Wall Street Journal published a report
highlighting the $300 million in operating losses suffered by the National Hockey League teams. Since the NHL teams are private entities, there isn't much transparency to confirm/deny this number, but there are a few things that seem clear. The NHL has increased its revenue streams, though it is still having problems with the US TV market. Player salaries accounted for 76% of league revenues, totalling $1.9 billion.