Just say no to the buyouts this year
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05-04-2011, 05:38 PM
Join Date: Mar 2002
Location: New York
Richards was willing to waive his NMC for one team in February. He has stated on numerous occasions about his desire to play for a team with stable ownership AND a team which is willing to spend the money. Even if the Stars sale is completed before July 1,how much money is Gaglardi or whomever buys the team willing to spend on payroll? The Stars lost $25M this season. They will lose money next season. The lenders spent $47M this season. The upper limit is $59.4M. The cap will approach $63M and Detroit,SJ,Vancouver and Chicago will spend to the upper limit next season. If the Stars spend just above the floor on payroll,they won't compete with those teams.
"It just makes everything smoother," Richards said of strong ownership. "You are competing against teams that are going to spend $63 million next year, teams that are in the playoffs now that are Cup contenders and are going to be just as good or better next year. We've got to compete with that. That starts with ownership, and that's why it's on my mind and that's why I'm asking questions."
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