Edited Aug. 14, 2021 at 10:15 a.m.
Quoting: GoodIdeaAtTheTime
Pretty easy no from San Jose.
Can the Sharks get much better than that? I mean, it's like 3 first round picks...
Quoting: athrin
Brady will not be a OTT sens in 4 years, he is hesitant to sign long term because he wants commitment from melnyk to build a cup team, melnyk does not have the money to do that, so brady will sign a 3 year deal, then a 1 year deal and be traded at deadline before he bolts as a UFA. As long as melnyk owns the sens they are the Coyotes/Sabers of the north
Quoting: TrueCanuck
Did Melnyk tell you that himself? Cause if not you're just spitting complete BS out of your mouth for no reason. Melnyk actually said in an interview before that his team would be a cap team at a certain point and believes his team to be a contender very soon.
He obviously has the money or he wouldn't own an NHL team. Whether or not he wants to spend it is a different story, but from his public comments it seems more like he's waiting for the right time to spend it rather then consistently be a cap team and lose money every season.
Melnyk's net worth was 1120 millions before the pandemic and rumors are that he made a killing since... He HAS the money but he hasn't shown in a while that he is ready to lose money while operating the Sens franchise... He wants to meet the bottom line more than anything
Melnyk purchased this asset for 92 M$ USD in 2001. He could easily get over 500 M$ now. Thats a pretty good ROI, no? But he still isn't ready to "lose money" hort term, even if that could mean long term gain or more winning for his team.
The operating income for the Sens is "only" - 2.9 M$, there's about 15 teams who accept to lose more money every year on the O.I. basis and they still spend like crazy mofos for their roster and team staff. Sports teams are toys for billionnaires, it's not the best business to meet your bottom line every year (depends on market, of course). But you could still make profits with other venues (ex : Molson makes a lot of money with Evenko)
Like every other billionnaire, Melnyk could easily afford to lose a bit of money if he wanted too. If he doesn't feel rich enough to play in that playground, then maybe he should sell, no?
Look at Buffalo for example, small market too. They have sucked for 14 years (made the playoffs twice, no round won) but they were still spending up to the cap until recently. Their recent operating income was - 11 M$
See where I am getting at? In some markets, it's going to be extremely difficult to "meet the bottom-line". At some point, there's a cap floor and you won't be able to compete with the best of them with a well bellow average management payroll.
Something's gotta give. Senators caught a break with the cap staying stagnant for a few years, but for the next wave of rises, what's going to happen if they can't follow?