: News Article:
AEG, including Kings. for sale
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09-19-2012, 04:01 PM
Join Date: Oct 2007
Location: Drury Lane
Originally Posted by
As I said, they are more hands off than most ownerships. I never said they were entirely hands off, and neither should they be. If I owned the Kings I'd be at least somewhat hands on too, and not just because I'm a fan. It might be a sport to us, but it's a business to them.
The Kings have had the following payrolls since the cap came into place for the 2005-2006 season:
2005-2006: Cap = $39 million. Kings paryoll = $37,856,150
2006-2007: Cap = $44 million. Kings payroll = $40,680,000
2007-2008: Cap = $50.3 million. Kings payroll = $40,502,000
2008-2009: Cap = $56.7 million. Kings payroll =
2009-2010: Cap = $56.8 million. Kings payroll = $50,719,990
2010-2011: Cap = $59.4 million. Kings payroll = $55,295,172
2011-2012: Cap = $63.4 million. Kings Payroll = $63,671,201*
*The Kings were able to go above the salary cap in 2011-2012 due to LTIR, which can only be used if you spend to the cap ceiling and someone is injured and qualifies for LTIR status.
I was more right than you realize.
They were only 10% under the cap one time 2005 and finished 2
Payroll shrank yearly and bottomed out in 2008. You left that number out , but the Kings were heading in to the season under the floor until they picked up Sean Odie on waivers.
They would have been under the 10 percent mark last year if they didn't pickup Penner at the deadline.
AEG has been more than fair with their salary disribution througout the years and have afforded DL (and DT before him) more salary flexibility than most other organizations. The Kings were built by DL, on a plan that he laid out, and when the Kings were set to go for the cup (which according to DL's five year plan was actually 2010-2011) AEG spent big ($55.3 million) and did so again the following year despite mixed results from 2010-2011.
I think you are forgetting the cash budgets Lombardi referred back in the dark years.
I agree that AEG did pony up at this season and at the end of last season , but that is more than erased by 2006-2009
Finally, I don't think the timing is a dick move at all. A dick move would be announcing it at the end of the regular season or during the playoffs. Considering that the Mayor knew of this for 'months' AEG may have done the Kings a favor by waiting until the regular season, playoffs and cup celebrations were over before announcing this, rather than creating a scene around the team at a crucial point.
That was have been a John Holmes dick move.
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