Connor McDavid's Oilers just topped the NHL's revenue chart, and the Maple Leafs weren't far behind them.
A financial breakdown posted Sunday night by World Hockey Report, sourced to CNBC, has Edmonton pulling in $431 million last season, tops in the entire league.
Toronto sits second at $382 million, a gap of just $49 million separating hockey's two richest Canadian markets.
Montreal ranks fourth overall at $324 million, making it three Canadian teams sitting inside the NHL's top four earners.
Vancouver checks in well back at $234 million, with Calgary, Winnipeg and Ottawa rounding out the rest of the Canadian group.
McDavid is still doing his part to justify Edmonton's number. He put up 138 points across 82 games this season, with 48 goals and 90 assists.
Auston Matthews managed 53 points in 60 games for a Leafs team that finished 28th overall in the standings at 32-36-14.
Blue Jackets sit dead last in NHL revenue at $164 million
Columbus brought up the rear of the entire league, a jarring number for a franchise still trying to build itself into a contender.
That gap between Edmonton and Columbus is nearly as large as Vancouver's entire revenue total for the season.
On the ice, Edmonton's business success lines up with its play. The Oilers sit 14th overall at 41-30-11, riding a 6-2-2 mark over their last 10 games.
Toronto tells a rougher story. The Leafs are 28th overall, buried in a seven-game losing streak that has nothing to do with the bank account.
How much of that $382 million walks through the door because of the crest, and how much because of the record? Worth asking.
A .500 team pulling $382 million says plenty about Original Six branding. Whether Toronto's product on the ice earns that number is another matter.
Columbus isn't closing that revenue gap on the back of a rebuild anytime soon. Six other Canadian teams already have a head start in that conversation, and two of them just proved it again.
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Does Toronto's $382 million valuation deserve a better record than 32-36-14?
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