Macroeconomic Forces, the National Hockey League, and Winning the Stanley Cup
(5 pages of text)
Case (Pub Mat)
On June 15, 2015, the Chicago Blackhawks defeated the Tampa Bay Lightning to win the National Hockey League (NHL) Stanley Cup. It was the Blackhawks' third league title in six seasons. In previous years, the off-seasons immediately following Stanley Cup victories had been challenging. The general manager was typically forced by the NHL's salary cap to change key components of the championship rosters. In late June 2015, the situation differed from in the past. Two superstar forwards were locked into identical eight-year contracts worth US$10.5 million per year beginning July 1, 2015. However, significant macroeconomic events around the world had unfolded rapidly, specifically in Canada and the United States, where the NHL operated. How would these macroeconomic forces shape the future of the NHL and the Blackhawks?
This case is appropriate for courses in macroeconomics, sports economics, or sports management in upper-level undergraduate or MBA programs. It can also be used in a macroeconomics course in a discussion of foreign exchange rates and exchange rate risk. After completion of the case, students will be able to
- recognize how economic events across the world can generate exchange rate risks that can significantly affect organizations in seemingly unrelated sectors in North America;
- discuss the determinants of foreign exchange rates—for the Canadian dollar in particular; and
- gain an understanding and appreciation of the far-reaching impact of macroeconomic forces, which can stretch into areas of society and business not typically associated with the initial forces.
Arts, Entertainment, Sports and Recreation
Canada; Saudi Arabia; United States, Medium, 2015
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