That Was Fast

The Islanders and Barclays Center are apparently talking about a divorce. Yup, four months into their inaugural season in Brooklyn, the Islanders want out and the Barclays Center wants them to go. That’s shocking.

The original story was in the Post, but this story from Canada has some more interesting information. The Barclays Center pays the team $53.5 million each season and keeps the ticket and sponsorship revenue. Now a quick back of the envelope calculation says that for 41 home games that amounts to $1,3 million or so a game. With the Islanders averaging about 13,000 fans a game, that averages out about $100 per ticket needed to break even before you factor in sponsorship money or concessions or anything else. Yet, the Barclays Center is apparently willing to give that up to get the Islanders out. That’s a pretty stunning because the alternative is that the building is going to be dark for at least some of those lost nights.

And while I understand the Islanders’ motivations for wanting out- bad building for hockey and their revenue being capped- what are their alternatives? Long Island rejected a proposal to build a new arena. Their old home, the Nassau Coliseum, is being remodeled, but the seating is going to be reduced. I wish them luck trying to get a new arena built somewhere around here, that doesn’t seem very likely to happen. So maybe this is a sign that the Islanders might move out of the area? Their new ownership has New York roots, but if the difference is making millions in Kansas City versus pennies in Brooklyn, I think any owner would take the money.

We’ll have to wait awhile to see this all unfold, but it is amazing that we are at this point so soon.

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Comments

  • blmeanie  On February 21, 2016 at 7:57 am

    Bring it to Atlanta! Down 0-2 in the count, still gotta be aggressive.

    • nysportsfanatic  On February 21, 2016 at 10:34 am

      I would bet that Las Vegas is next in line for a U.S. city getting a team seems like the NHL wants to try and establish themselves there. Atlanta may have to wait a few years, but the way you guys are building new stadiums to replace your not old stadiums, who knows?

  • blmeanie  On February 22, 2016 at 6:34 am

    Even Philips arena where the thrashers played is getting a huge renovation facelift, not sure why, maybe they are taking the ice making part out 😦

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