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Sabres to lose 10 million this year

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02-26-2004, 06:52 PM
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Sabres to lose 10 million this year

Sabres will lose 10 million at most this year...


BUFFALO, N.Y. - The Buffalo Sabres could lose up to $10 million this season, and are unlikely to turn a profit even if they make an extended playoff run, the team's managing partner said Thursday.
Larry Quinn blamed the anticipated loss on the NHL's collective bargaining agreement, which he said makes it impossible for most teams to make a profit. The agreement expires in September.

Last edited by Sotnos: 02-27-2004 at 08:14 PM. Reason: please give a link and only quote a paragraph or two from an online article, thanks
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02-26-2004, 09:27 PM
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Originally Posted by Scarface
I think Bettman is a moron, but its all on him now to go to bat for the Owners and the fans. Cuz really he is fighting for the fans,
Yeah. He's fighting to find more ways to take money out of the fans pockets. He's fighting to get the owners more money. He doesn't care about the fans, just their money.

if the CBA is in favour of the owners then the players salaries won't be too crazy, the teams will make money because they aren't over paying players and the ticket prices won't keep rising as much as they are.
Who cares what the players get? It won't affect the fans if they earn more or less. Ticket prices are only rising in places where their is increasing demand. Lots of places are now lowering prices because demand has decreased.

If the strike happens and it lasts for more than a season (i hope it does, let the players see how it feels to not play and get paid),
Are you dense? That's like cutting off your nose to spite your face. If you don't like the NHL, don't watch but don't hope for something that will disappoint a lot of people.

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02-27-2004, 06:25 PM
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Originally Posted by DanielBriere48
The Buffalo Sabres could lose up to $10 million this season, and are unlikely to turn a profit even if they make an extended playoff run,

Larry Quinn blamed the anticipated loss on the NHL's collective bargaining agreement

The $10 million loss projection is the worst-case scenario

Quinn said this season's losses include several one-time expenditures,

The Sabres payroll is at about $32 million, about $7 million more than what the team finished with last season.

In an effort to increase fan interest, the team cut ticket prices from last year

He called this another example of why the NHL needs to come up with a better business model when it negotiates a new collective bargaining agreement with the players.

The logic here is really hard to follow sometimes

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02-28-2004, 06:21 PM
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So far the NHL hasn't said a word about revenue sharing. This situation illustrates why a cap will not work for small market teams unless there is significant revenue sharing. Even with the $31 million cap the NHL was rumored to have originally requested, the Sabres and many other small market teams aren't viable. If the NHL wants to limit player costs to 60% of the revenues, it's also going to have to share 60% of the revenues.

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