Wednesday, April 29, 2026
    More
    FOS Expands to TV More Details
    Leagues

    NHL Takes Out $1B Loan

    • The money will be divided among all 31 teams to curtail cash-flow issues, payroll costs, and other operational expenses.
    • The league has already implemented other measures to make up for lost revenue from the 2019-20 season.
    By
    Jan 28, 2021 | 10:06 pm
    Anne-Marie Sorvin-USA TODAY Sports

    NHL commissioner Gary Bettman announced a new plan to survive the shortened season.

    The league is borrowing approximately $1 billion. The money will be divided among all 31 teams to curtail cash-flow issues, payroll costs, and other operational expenses, according to Sports Business Journal. 

    The NHL is in the beginning stages of its 56-game season. The commissioner had announced on Jan. 11 that the league could lose billions in potential revenue. 

    The league has already implemented other measures to make up for lost revenue from the 2019-20 season:

    • Helmet ads are expected to generate $15 million across all teams. 
    • New division sponsors — Discover, Honda, MassMutual, and Scotiabank — are viewed as a “one-year-only” campaign.”

    The NBA issued a similar plan by acquiring $900 million in debt and giving each of its franchises $30 million to help teams navigate financial losses. 

    Months away from the postseason, chances are Bettman’s billion-dollar announcement won’t be the last major adjustment.

    This field is for validation purposes and should be left unchanged.

    Sign up for
    The Memo Newsletter

    Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    by

    Damon Jones Admits He Sold LeBron Injury Information to Gamblers
    Jones also pleaded guilty Tuesday in the rigged poker case.
    Aug 23, 2025; Phoenix, Arizona, USA; A general view of the MLB logo before the start of a game between the Cincinnati Reds and Arizona Diamondbacks at Chase Field.
    by

    Sportradar Refutes Claims It Works With Illegal Betting Companies
    The company is an integrity monitor for leagues including the NBA and MLB.
    Mar 31, 2025; Washington, District of Columbia, USA; Miami Heat guard Terry Rozier (2) drives to the basket against Washington Wizards guard AJ Johnson (5) during the first quarter at Capital One Arena. Mandatory Credit: Reggie Hildred-Imagn Images
    by

    Prosecutors to Bring Bribery Charges Against Terry Rozier
    Rozier allegedly “solicited and accepted a bribe.”
    PWHL
    by

    PWHL Eyes Mainstream Breakthrough As Playoffs Begin
    The start of the PWHL Playoffs brings no shortage of storylines.

    Featured Today

    INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.
    by

    Why Athletes Are Moonlighting As Sports Photographers
    Athletes are swapping courtside seats for sideline cameras.
    Quinnipiac women's varsity rugby
    April 21, 2026

    The Death of Quinnipiac Women’s Varsity Rugby
    The sudden decision at Ilona Maher’s alma mater left players blindsided.
    April 17, 2026

    The Lawyer Steering the NIL Era
    In the new era of college sports, Darren Heitner is everywhere.
    blake griffin
    April 14, 2026

    Inside Blake Griffin’s Rookie Season at Prime Video
    The six-time All-Star was initially hesitant to enter the media space.

    More in Leagues
    Jan 10, 2026; Lecanto, Florida, United States; The LIV Golf Promotions trophy is displayed on the first tee during the third round of the LIV Golf Black Diamond Ranch golf tournament at Black Diamond Ranch.
    by

    Louisiana Expecting LIV Golf to Repay $1.2M for Canceled Event
    LIV Golf Louisiana was scheduled for June 25–28.
    April 28, 2026

    NWSL Tables Vote to Flip Calendar After Player Opposition
    Most players are against a fall-to-spring schedule, the NWSLPA said.
    Mar 8, 2025; Orlando, Florida, USA; Rory McIlroy plays his shot from the third tee during the third round of the Arnold Palmer Invitational golf tournament at Bay Hill.
    April 28, 2026

    5 of Top 15 Ranked PGA Tour Players Skipping Trump Doral Return
    Rory McIlroy and others are not playing the $20 million event.
    Sponsored

    Why Brandon Marshall Bet on Athlete-Owned Media
    Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
    April 27, 2026

    LIV Golf’s New Orleans Debut Set to Be Canceled After Funding Questions
    The league was set to debut in New Orleans this summer.
    Aug 19, 2025; Brooklyn, New York, USA; New York Liberty guard Natasha Cloud (9) at Barclays Center. Mandatory Credit: Wendell Cruz-Imagn Images
    April 27, 2026

    Natasha Cloud Remains Unsigned, Says Silence Was ‘Intentional’
    The former WNBA assists leader spent last season with the Liberty.
    April 27, 2026

    Nelly Korda Reclaims No. 1 Ranking, Giving LPGA a Much-Needed Lift 
    Korda won her third career major at the Chevron Championship.
    April 27, 2026

    NFL Schedule Release Expected Mid-May, With More Changes
    After a record-setting draft, the league’s focus turns to the schedule release.