Canucks Central
Mailbag Friday: Relocating Franchises, Interviewing Candidates and Cheering for Montreal
02 May 2026
Chapter 1: What questions should we ask Canucks GM candidates?
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Chapter 2: Which sports franchises could realistically relocate to Vancouver?
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Chapter 3: Are sports franchise valuations creating a bubble?
Let's get going. All right. What are the people asking us this week?
Am I? Oh, there we go. Yeah. We got it. It's Friday.
Chapter 4: How do sports franchise valuations differ across leagues?
Okay. So Dom posted one. Dom Schramatti? Schramatti. And I feel like he chat GPT'd the question.
Oh, boy. Wait, is it a good question?
I mean, I don't even really understand the question. So I'm hoping you guys are smarter than me.
I mean, using chat GPT would make Dom smarter.
Chapter 5: What questions should be asked during a GM interview?
I was going to say, if it was a decent question, then we know he definitely used chat GPT. Yes.
But let me know if you think he used chat GPT here, okay?
Okay.
Are sports franchise valuations forming a dot-com style bubble driven by hype?
Yeah, right?
Okay.
All right, so hang on, restart. Okay, okay. Okay.
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Chapter 6: How should the Canucks handle their top three draft pick?
Because we know he loves using AI. He does? He does, yeah.
Oh, he's big on it?
Yeah. Okay, so ready? I'm going to read it slowly. Are sports franchise valuations forming a dot-com style bubble driven by hype over fundamentals?
Yes.
So basically, is the bubble going to burst on sports franchises?
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Chapter 7: Can the Canucks break their playoff curse this season?
I don't think for the NBA and the NFL, because if you look at their margins, they're insane. Look how much money each team is making per year. It's like, what, $600 million, $400 million? It's just an insane amount of money, right? I don't think it's a bubble for those leagues.
Major League Baseball would throw it in there as well.
A lot of games. And even hockey, like the valuations, I don't think so either. What gets kind of interesting is on the WNBA, NWSL, and the MLS side of things. I will say, though, I was looking at some breakdowns.
Chapter 8: Why is cheering for Montreal a safe choice for Canucks fans?
If you look at the valuations versus how much money they're earning, the NWSL is actually doing very well monetarily in terms of what their franchise values are, but also in terms of... how much money they're making per that franchise value per dollar spent. It's actually, it looks like it's sustainable. The MLS is the one that makes you kind of wonder a little bit.
And especially with a lot of these franchises where they're not bringing in all that money, but then all that much money, but then the valuations are 500 million, 750 million. It's essentially built on just continually adding to the league and expanding. And at some point that bubble is going to burst unless the league exponentially grows in interest. I did not use chat GPT for that answer.
Between all the leagues, the MLS is the one my eyebrows are raised the most. This is staggering, the franchise valuations. I don't necessarily get it, but at least with all the other leagues, you're talking about this is tier one of the product. I can't really say that about the MLS. And so you see these numbers.
If we're talking about 500 plus million USD relative to what the recent NHL sales are going for, that doesn't really add up.
Yeah. No, because for instance... If you look at these numbers, the amount of revenue coming in for some of these leagues is just not high enough. The MLS, the valuation for the teams are, what, average? $800 million, but each team is making about $82 million per year.
I do think it will, as far as the big four leagues, I do think it will level off a little bit, but I don't think it will crater, if we're talking .com style, early 2000s. I don't think it will crater. It'll just level off. And look, we saw a bunch of hedge funds get in for a while there and they have started to get out. But I just think in general, it'll start to level off.
And TV deals are always going to be large right now. Yeah. And I think that helps boost everything. But we're kind of on the tail end. I thought about this like five years ago and I said, I think we're going to see a rash of sports sales. Yeah. And we've kind of gone through that phase. Maybe it'll calm down here, but...
As far as the sustainability of all the big four leagues, I don't really worry about where they're at right now. The big four, I don't worry about.
It's more about with MLS. Like Jordan says, I have no idea how an MLS team can have that value when there's no real TV deal. This is an Apple TV league. How are they making that much money? They're not making that much money. Right. And I think that's part of the issue here is are the revenues going to catch up with the valuations because the valuations have gone up because of the expansion.
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