Menu
Franchises

NHL Franchise Notes: Senators Owner Says Lockout Was "Extremely" Painful Financially

In Ottawa, James Gordon reported the Senators are "operating under an internal player salary budget" of just over C$50M. The club has C$50.8M in salary "committed already ... with young restricted free agent defenceman Jared Cowen still to sign." Senators Owner Eugene Melnyk said that the team's budget is a necessary move because of the "razor-thin margins his team operates under." He added that between "player costs, operating expenditures and capital improvements, revenues haven’t kept pace." Melnyk acknowledged the lockout-shortened season was "extremely financially painful." He noted that he and GM Bryan Murray had a "long discussion about what it would take to ice a competitive squad" and the number came in at around C$50M (OTTAWA CITIZEN, 8/10).

BLUE SKIES: In St. Louis, Jeremy Rutherford reported the Blues have $57M "committed in cash payroll" for the '13-14 season. The $4.8M increase from last year’s payroll ranks fifth "among NHL teams in biggest boosts this offseason." But the Blues’ figure "doesn’t account for the re-signing" of restricted free agent D Alex Pietrangelo. If he is paid more than $3.8M in '13-14, the Blues "will leap over Nashville to No. 1." Blues Owner Tom Stillman: “When we purchased the Blues a little over a year ago, we said that our plan was to straighten out the business side and put a strong, competitive, contending team on the ice. In my view, all we’re doing here is following through on what we said we would do" (ST. LOUIS POST-DISPATCH, 8/12). 

RAISING ARIZONA: NBCSPORTS.com's Joe Yerdon noted Coyotes GM Don Maloney is "happy to have some worries put to rest" regarding the status of the team's ownership. Maloney said, "I don’t want to say the job’s easier, but a lot of uncertainties have been limited. We feel as much relief as anything else in the sense that we’ve just eliminated those questions. When you feel like you’re a ward of the state, which basically we were, it’s nice to know people don’t have to talk about this anymore and we can just talk about the job we do on the ice" (NBCSPORTS.com, 8/11).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/08/13/Franchises/NHL-Franchise-Notes.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/08/13/Franchises/NHL-Franchise-Notes.aspx

CLOSE