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http://www.sportsnet.ca/hockey/nhl/nhl-will-not-participate-2018-pyeongchang-olympic-games/
NHL Statement:
The NHL will not participate in the 2018 Pyeongchang Winter Olympics, deciding to make the announcement now so it doesnt overshadow the playoffs, Sportsnet has learned.
NHLers first went to the Games in 1998 in Nagano, and continued to do so through Sochi 2014. But negotiations toughened following Turin in 2006. One week after those games, late Philadelphia Flyers owner Ed Snider publicly said he didnt see the value in attending overseas Olympics, since the time difference kept hockey off North American television in prime hours. The NHL is the only major sports league that stops for the Olympics.
That was not a problem in Vancouver for 2010, but there were intense discussions prior to Sochi. The NHL scored a victory when the International Olympic Committee agreed to pay the players insurance and travel costs, at a cost of approximately $14 million. That was a huge concession, but the IOC refused to extend that olive branch a second time.
Last fall, IIHF president Rene Fasel announced his organization would step up in the IOCs place, but the NHL balked. The league didnt want money earmarked for developing the game worldwide to be used for this. And, even more importantly, the NHL and many of its owners wanted the money to come from the IOC directly. After all, the Olympics are making money off hockey and the NHL felt very strongly the organization should pay.
As John Shannon reported last month, the NHL tried to negotiate some financial compromise. It asked for the IOC to buy a home date or two from each team. Failing that, the league wanted to be named an official Olympic supplier or sponsor, so it could attach and use the world-famous rings to its own brand.
That was also rejected.
NHL Statement:
![C8g0FeaXUAAqgxy.jpg](https://pbs.twimg.com/media/C8g0FeaXUAAqgxy.jpg)