Crain’s New York Business has reported hearing whispers that the New York Islanders will play the entirety of their 2019-2020 home schedule (and presumably the ’20-’21 home schedule) at NYCB Live’s renovated Nassau Coliseum – the club’s home from 1972 through 2015.
The team’s 4-year lease at the Barclays Center expires at the completion of this season and with the venue experiencing +/- $50 million in hockey-related losses over that time, it appears highly unlikely that the pact will be extended; Barclays Center believes it can generate more revenue booking concerts than it can hosting hockey games.
As for the Islanders, the team hope to move into a permanent home – a new privately financed $1.2 billion arena at Belmont Park – in time for the 2021-2022 season; as the rumor goes, the team has already “secured state approval” to build on a site next to the racetrack and plans to break ground this spring.
The Barclays Center’s deal with the Islanders has contributed to its underperformance – at least relative to internal projections.
The building guaranteed the club $55 million/season in exchange for control over ticketing and concession revenues, but during 2017-2018 season Barclays Center took in just $43 million in ticket and F&B sales.