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About This Document: After the lockout season in 2004, the 2005 collective bargaining agreement (CBA) introduced salary regulations, as well as revenue sharing, to the teams of the National Hockey League (NHL) with the aim to restore financial competitiveness. Given these objectives, the question arises if efficiencies improved under the new CBA. Using team values as the dependent variable, we performed a stochastic frontier analysis. Our paper suggests that efficiencies immediately improved after the agreement, in particular for low performing teams. [PUBLICATION ABSTRACT]

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Did the 2005 Collective Bargaining Agreement Really Improve Team Efficiency in the NHL?

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International Journal of Sport Finance, 2011, 6, 298-306, © 2011 West Virginia University

Did the 2005 Collective Bargaining

Agreement Really Improve Team

Efficiency in the NHL?

Arne Büschemann and Christian Deutscher1

1

University of Paderborn, Germany

Christi

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