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New Jersey Devils' Zach Parise speaks to reporters during Media Day before Game 1 of their NHL Stanley Cup hockey final against the Los Angeles Kings in Newark, New Jersey May 29, 2012. The Stanley Cup Final will be played on May 30 in Newark.
New Jersey Devils' Zach Parise speaks to reporters during Media Day before Game 1 of their NHL Stanley Cup hockey final against the Los Angeles Kings in Newark, New Jersey May 29, 2012. The Stanley Cup Final will be played on May 30 in Newark.
(Mike Segar/REUTERS)

Players would do well to remember that profits and revenues are not one and the same

Something Zach Parise, the newest member of the Minnesota Wild, said Tuesday struck a chord with me, because it got me thinking about whether locked-out NHL players have spent enough time pondering the fundamental difference between revenues and profits.

As anyone who has ever dabbled in a business, large or small, can tell you, they are two completely separate columns on the ledger sheet. The reality that people sometimes fail to grasp is that billion-dollar businesses can and do lose money.