It May Be Time to Prepare For Another Nuclear Winter in the National Hockey League

By Jordan Kobritz   NHL owners were willing to lock out the players for the entire 2004-05 season in order to obtain a salary cap and force a reduction of 24 percent in player salaries. In the six seasons since play resumed, league revenues have increased by 50 percent, from $2.2 billion to $3.3 billion. Unfortunately, that increase has not been uniform across the league. Teams north of the border and those in large markets in the U.S. have generally been profitable, but approximately two-