Melnyk's Financial Woes: Melnyk's Budget Edition

Hoags wrote:

wprager wrote:
So, who should we have gone after?

The team couldn't afford both Ryan and Alfie.  Yes maybe paying a 40-year Alfie $5.5M is a bad idea.

Can they afford both Spezza and Ryan? Will they try and force both to take $7M when they can get $8-9M from a team with less taxes than Canada?

Would they both want to re-sign long-term for an eternal cap floor underdog or will they be more impressed by teams who spend to the cap every year.

Traditionally players leave for the big money/big market teams.  Players are impressed by the owner who will spend whatever it takes to win a Cup not by the owner on a budget.  Maybe that's faulty thinking but historically that's how it goes.

I doubt Spezza will be getting $8-9M. But if he is, then he's worth holding on to. Same with Ryan. We can always fill out the ranks with prospects and then add a couple veterans at the trade deadline.

Yes, taxes are higher in Canada, but there are other benefits to living here that, frankly, for a player making *that much* are likely worth it. When you have more money than you would ever need, it's not about making more money, just more than the next guy (i.e. you want to be the highest paid at your position, for example). And the only comparison that's valid is the cap hit, not take home pay.

Want to cancel out the tax difference? Negotiate your own contract.

NEELY wrote:Either way, the guy has screwed more people than his wife... sorry ex.

Marshy?

Who knows how much of this you can blame on Melnyk anyway.

Our ticket prices are below NHL average, we don't have much corporate support in this town and I don't believe they're at their season ticket target(13,000 ?).  And who knows where their costs are at nowadays.

There's definitely a limit somewhere of how much they can spend without going into the red.  If they haven't hit it yet, they will at some point if the cap keeps going up.

The team can either bring more money in or cut costs.  It's easier to cut costs so that's what it seems they're doing.

We've never been a big spending team, even with no cap we were going up against teams from Toronto with something like 2x our payroll.

But it's definitely not a good feeling as a fan if (lack of)money is seriously holding the team back.

wprager wrote:
I doubt Spezza will be getting $8-9M.  But if he is, then he's worth holding on to.  Same with Ryan.  We can always fill out the ranks with prospects and then add a couple veterans at the trade deadline.  

I think he will be getting $8-9M. If he's healthy, him and Ryan should light it up. Getzlaf and Perry contracts will be a rough starting point.

It really depends on how much they want to stay, might have to give a bit more to convince them to stay. Team needs to resign them one year from now.

Hoags wrote:
We've never been a big spending team, even with no cap we were going up against teams from Toronto with something like 2x our payroll.

That's not going to be an issue with the cap in place.

Hoags wrote:
I think he will be getting $8-9M.  If he's healthy, him and Ryan should light it up.  Getzlaf and Perry contracts will be a rough starting point.

It really depends on how much they want to stay, might have to give a bit more to convince them to stay.  Team needs to resign them one year from now.

He is 30 now, with two back surgeries; he's also had a serious shoulder injury and some minor knee issues. He'll be 32 when his next contract starts. Can't really compare his situation to that of Getzlaf. Plus Getz has a bigger resume, what with all those Team Canada invites. I maintain Spezza's next contract will be closer to $6M than to $9M.

wprager wrote:That's not going to be an issue with the cap in place.

Well there will still be a gap, it'll just be the $14M difference between cap and floor, which is still a gap and is a factor.

wprager wrote:
He is 30 now, with two back surgeries; he's also had a serious shoulder injury and some minor knee issues.  He'll be 32 when his next contract starts.  Can't really compare his situation to that of Getzlaf.  Plus Getz has a bigger resume, what with all those Team Canada invites.  I maintain Spezza's next contract will be closer to $6M than to $9M.

It depends on how he does in the next 2 years with Ryan but I think someone will give him that.  Lots of teams with money that are desperate for a #1 centre and have money to blow(one of them is just a few hours away down the 401).  Those teams can afford to park someone like that on LTIR if they have to.  Look at what Richards got.
On free agency, players always get paid more than us fans think they should.  Always.  The price is set by what other teams offer, and there are always teams that run up the price.  High demand(#1 centre), limited supply(If Spezza hits free agency there will be no one else like him on the market).
And a player like him will be pressured to get the most money he can while his back lets him play.  Hell teams might offer him more with the expectation he'll retire due to back problems before the contract is up.

A gap of $14M is hardly close to what we had before with the Leafs spending $70M and the Sens spending $35M.

At 32 Spezza would have 3-4 years left as a 1LC, maybe even less. A gap measure. He's also going to be the team's Captain. Money is not going to be the deciding factor.

Although being closer to his family *may be*.

wprager wrote:A gap of $14M is hardly close to what we had before with the Leafs spending $70M and the Sens spending $35M.

At 32 Spezza would have 3-4 years left as a 1LC, maybe even less. A gap measure. He's also going to be the team's Captain. Money is not going to be the deciding factor.

Although being closer to his family *may be*.

14M is the minimum gap between upper and lower limit. It is now based on the Upper limit of 115% of the adjusted mid-point and the lower limit at 85% of the adjusted mid-point to a maximum gap of 28M, which is a fairly substantial difference.

Wayne Scanlan ‏@HockeyScanner
Melnyk on his team's payroll: "we already are over budget, I just found out yesterday." #sens

Here we go again.

.

Hoags wrote:Wayne Scanlan ‏@HockeyScanner
Melnyk on his team's payroll: "we already are over budget, I just found out yesterday." #sens

Here we go again.

What's all this about a budget now?

Hoags wrote:Wayne Scanlan ‏@HockeyScanner
Melnyk on his team's payroll: "we already are over budget, I just found out yesterday." #sens

Here we go again.

He just found out yesterday? What is he, challenged? Come on.  

SpezDispenser wrote:
He just found out yesterday?  What is he, challenged?  Come on.  

 

The Sens owner is just so stupid.

SeawaySensFan wrote:

Hoags wrote:Wayne Scanlan ‏@HockeyScanner
Melnyk on his team's payroll: "we already are over budget, I just found out yesterday." #sens

Here we go again.

What's all this about a budget now?

Impossible. I have it on good authority that budgetary concerns are just for chicken-little types.

They are, Melnyk is just an a**hole. He can set the budget anywhere he wants but the floor is going to be over "his budget" soon. That and the Sens make money that he then re-allocates to other business' and entities. The budget is BS and always has been.

Either way, I'll let you fella's worry.

I just want a new owner who isn't a Cussing idiot.

Please stop opening your mouth mr. melnyk.

Someone post the pic of the Simpson men going at it with pots on their head. That's Melnyk vs City Hall.