Actually, HRR doesn't count ALL the revenue. Luxury boxes is one of the big gray areas. The league wants to revise what counts as HRR too, making the pot even smaller.
This is why I have a hard time believing all the "the majority of the league is losing money" talk. Florida makes money because of the arena deal they have, but since a lot of it isn't hockey related, or a lot of it is hockey related but falls outside of HRR, they can just sweep that under the rug and claim that they're losing money. I've read too many articles about the profitability of the teams to trust the league on this. HRR is financial double speak.
12 team H2H dynasty, most categories under the sun, incl. hits/blocks. Main team, farm
C: Kopitar Backstrom Stepan Cammalleri Little Bolland Laich Johnson
LW: Parise Lupul Erat McDonald Martin Silfverberg Nyquist Schwartz Morin Nieto Conacher
RW: PKane Doan Pominville Nash Clowe Lupul Rinaldo Stafford Rattie Stone Chiasson Ritchie
D: Green Suter Seabrook Dillon Beauchemin Schenn Letang Schultz Hamilton McNabb Rielly Harrison
G: Bryzgalov Pavelec Holtby Neuvirth Nihlstorp Lack CalPickard Andersen Stalock Sateri Eriksson