Forbes' annual evaluation of NHL franchise values ranks the Hurricanes 22nd, at $168 million -- up from $100 million before the lockout, when the Hurricanes ranked 30th and last.
According to the magazine's figures (which are annually disputed and/or discounted by NHL officials), the Hurricanes lost a league-worst $11 million on $75 million in revenue, which is slightly higher than what the team has indicated.
(Forbes claimed the Canes made $1 million in 2005-06, a year the team says it made $10 million.)
Luke has worked for The N&O since 2000. He covered the Carolina Hurricanes and the NHL before becoming a sports columnist in August 2008. A native of Evanston, Ill., he graduated from the University of Pennsylvania. He can be reached at 829-8947 or 
Comments
Net Worth up ?
Thu, 10/30/2008 - 16:04 — esteban1949Since the Lock out...which really sucked...sure some teams have done a wee bit better but the canes as it has been pointed out, still flounder on the P/L sheet, yet for what the fans do get when attending home games seem to get a "decent" value for the money spent at times. The trick is to have consistancy on the ice which could and would expand and draw in more monies. Who owns the RBC Center anyway ? And finally to my " evil twin"...Play Hard!!...shoot harder !!
Go Canes !!!
I Prefer This Article
Thu, 10/30/2008 - 15:29 — penaltykiller74Its the same article, but the Caniac in the second picture is my daughter.
http://sports.yahoo.com/nhl/blog/puck_daddy/post/Forbes-Islanders-Coyotes-are-NHL-s-least-valua?urn=nhl,118489
GO CANES!!!
$34 million ?
Thu, 10/30/2008 - 14:48 — Anonymous (not verified)In all seriousness, it did mention that one of the reasons we lost so much is because in addition to payroll we had another $34 million worth of expenditures. Do you what an approximate breakdown of the amount would be, Luke? It surely can't be in marketing and promotions since they don't do a very good job of it. Will the new arena deal lower that amount considerably?
So, Luke, can you explain to
Thu, 10/30/2008 - 14:36 — figaroSo, Luke, can you explain to us how the NHL revenue sharing formula relates to this and then equates to the player's salaries, and, of course, don't leave out how concessions factors into the overall revenue stream... oh, and then there's the issue of ticket prices... woah, Luke, calm down. Stop pointing that gun at your laptop screen. And no more Starbuck's for you this afternoon. I'm just kidding, alright...
Wooley Imbibe
Thu, 10/30/2008 - 13:00 — Estebans Twin (not verified)Who says laptops aren't little weasles in onxy clothing!? Write your top 7 ape sounds of all time... If you dare, one would seem rainy... Heirarchy, always is the red tape of submarine talk...
Go Canes!!!!
Holy crap, that was
Thu, 10/30/2008 - 15:22 — Anonymous (not verified)Holy crap, that was funny....
The missed placed decimal
Thu, 10/30/2008 - 12:58 — Anonymous (not verified)The missed placed decimal point, ey?
ha
Thu, 10/30/2008 - 16:55 — irbefan (not verified)What's a few 0's here and there