show me any arena in the nhl that has been built entirely from private money.
you can't
I recommend as an alternative "has been built and supported entirely from private money." Nationwide Arena was 100% private until recently (and look how well it worked out for us that way, eh?).
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The city of Nashville has given the Predators $38.6 million over the last five years.
So, you can be certain that if they match the deal and something goes wrong, a healthy portion will be footed by the public.
Quote:
Originally Posted by 101st_fan
I highly recommend educating yourself on the lease and Nashville budget before you try portraying this as Comcast v Tenn Taxpayer. The Tennessean's articles on team finances tend to be extremely slanted and based on ignorance of the lease (which the paper put into the public domain in 2007). Most of the public money which goes to the Preds actually just goes through their offices to pay Metro's obligations on the building. They pay a management fee on top of that because no entity in the government is equipped to manage an arena on a day to day basis. Up to $2million per year of what the Tennessean refers to as money "given" to the Preds is a revenue split from non-hockey events. To qualify for dollar one of that money requires the Preds to generate revenues above a baselined amount with the first $4mil split 50/50, and all revenues above that going to the city.
101 was a lot nicer than i am (and come to think of it, a lot nocer than he usuallyis....)
for me, you are just another superficial intellect who thinks because the preds receive money from the city for managing the citys building, the the preds somehow are publicly financed.
get a grip, and go back to your board until you have a clue...
I recommend as an alternative "has been built and supported entirely from private money." Nationwide Arena was 100% private until recently (and look how well it worked out for us that way, eh?).
wow.... I'm amazed.... thanks for letting me know.. I didn't do the research and just made that leap...
Kevin Allen and for what its worth Plaster said they believe the Predators will match Weber offer. Apparently a meeting by owners and management tonight. Will they sleep on it or will we find out tonight?
Kevin Allen and for what its worth Plaster said they believe the Predators will match Weber offer. Apparently a meeting by owners and management tonight. Will they sleep on it or will we find out tonight?
Grrr why not until tonight? What more important stuff could these dudes possibly have to deal with instead?!
This waiting game is killing me...just match, or put me out of my misery.
Kevin Allen and for what its worth Plaster said they believe the Predators will match Weber offer. Apparently a meeting by owners and management tonight. Will they sleep on it or will we find out tonight?
C'mon, it's Poile. He will take all the time he can get
As I said before, I am kinda meh either way right now. If we match, we keep Weber (always a plus), but it could seriously hurt our budget and he could be really unhappy being here (*could be*). If we don't match, we lost him, but get 4 1st or other assets back, and have a ton of cash to build a new team from. Either way, it isnt over. I'm just ready for a decision so I can prepare myself one way or the other.
I cannot even pretend to understand how super-rich people manage their money. Presumably, if ownership is serious about spending to the cap, then they would have the money to pay Weber if not for this stupid bonus that's due immediately (unless they mean they will borrow money to spend to the cap...can you even do that?). I don't even know how often players get paid during the season. But anyway, how does that even work? You just have a ginormous "Player Salaries" checking account or something? Is that simplistic?
The money must be in some state where a lot of it becomes liquid over the course of the season so you can pay your players; is it not in some kind of state where the owners could liquidate a lot of it now, and then not spend anywhere close to the cap this coming season to make up for it?
I mean, how much cash DOES the typical NHL team keep in a bank account someplace?
Gah. I can't imagine figuring out that kind of money.
If we match, we probably go in the hole and lose money this coming season and the one after. Once the huge hit of the first 2 years is over, and especially the first four, our profits will be bigger than if Weber's deal was a flat 7.8 or so over all the year. Isn't this just like opening up a business, where your capital investments (real estate, equipment, etc.) cause you to lose money in the first year or two, but it is worth it because once that capital is paid, the cost of operation goes down and profits go up.
I understand losing money for the next 3-4 years would be a tough pill to swallow, but wouldn't we recoup it in the long run? I could be totally off, I'm just throwing this out there.
I cannot even pretend to understand how super-rich people manage their money. Presumably, if ownership is serious about spending to the cap, then they would have the money to pay Weber if not for this stupid bonus that's due immediately (unless they mean they will borrow money to spend to the cap...can you even do that?). I don't even know how often players get paid during the season. But anyway, how does that even work? You just have a ginormous "Player Salaries" checking account or something? Is that simplistic?
The money must be in some state where a lot of it becomes liquid over the course of the season so you can pay your players; is it not in some kind of state where the owners could liquidate a lot of it now, and then not spend anywhere close to the cap this coming season to make up for it?
I mean, how much cash DOES the typical NHL team keep in a bank account someplace?
Gah. I can't imagine figuring out that kind of money.
Players are paid by direct deposit every two weeks during the season based on roster days, not games played. The teams bring in gate revenue, advertising money, broadcast money, etc and then pay out the money. Figure there are between 12-14 pay periods for a season based on a 180-190 day season.
Don't think of it in mega dollar terms. Look at how you buy a car or pay for your season tickets. Can you afford a new car or season tickets over time? Say a hypothetical car at $25k over 5 years or 2/20 ticket plan. For most of us, that is doable in some way. Now ... picture having to pay half of that in the first 1/14th of the time. The number of us who have that much money upfront is a lot smaller than those of us who can afford it over time.
So it's funny that Kevin Allen has talked to a lot of GM's and says they think Nashville will match and then Dreger is reporting he's talked to a lot of people and says they think Nashville will just take the picks. Funny if you ask me.
So it's funny that Kevin Allen has talked to a lot of GM's and says they think Nashville will match and then Dreger is reporting he's talked to a lot of people and says they think Nashville will just take the picks. Funny if you ask me.
Bias. Dreger will get more media attention if he panders to Philly fans, the local boy will get more if he panders to Nashville fans.
I don't think either is lying, I think they just picked and chose who they talked to.
Players are paid by direct deposit every two weeks during the season based on roster days, not games played. The teams bring in gate revenue, advertising money, broadcast money, etc and then pay out the money. Figure there are between 12-14 pay periods for a season based on a 180-190 day season.
Don't think of it in mega dollar terms. Look at how you buy a car or pay for your season tickets. Can you afford a new car or season tickets over time? Say a hypothetical car at $25k over 5 years or 2/20 ticket plan. For most of us, that is doable in some way. Now ... picture having to pay half of that in the first 1/14th of the time. The number of us who have that much money upfront is a lot smaller than those of us who can afford it over time.
I thought teams like us don't make enough money off gate revenue, etc. to completely cover payroll. Especially if the owners were serious about spending up to the cap. So there must be some other source of cash coming in from somewhere, like the owners' personal money, right?
Edit: Is it possible to take out a loan to cover player salaries? Not saying we should do this, just wondering if it's something that's routinely done in pro sports.
If we match, we probably go in the hole and lose money this coming season and the one after. Once the huge hit of the first 2 years is over, and especially the first four, our profits will be bigger than if Weber's deal was a flat 7.8 or so over all the year. Isn't this just like opening up a business, where your capital investments (real estate, equipment, etc.) cause you to lose money in the first year or two, but it is worth it because once that capital is paid, the cost of operation goes down and profits go up.
I understand losing money for the next 3-4 years would be a tough pill to swallow, but wouldn't we recoup it in the long run? I could be totally off, I'm just throwing this out there.
Maybe, maybe not. During the season year, Weber's salary is almost twice his cap hit ... almost 3.5x his cap hit over the first calendar year. The real money expenditure is well above his cap hit for the first two seasons ... a hell of a lot more over the first 49 weeks.
So is Poile going to match? Have not heard anything in a while. Is it true that last year in the arbitration hearing Poile compared Weber to Yandle and Byfuglien?? Answers please
Isn't this just like opening up a business, where your capital investments (real estate, equipment, etc.) cause you to lose money in the first year or two, but it is worth it because once that capital is paid, the cost of operation goes down and profits go up.
Actually that capital investment would be depreciated/amortized over a number of years so it doesn't have to cause you to lose money. What will get you in trouble is if you start a business with say $100,000, spend $90,000 on the equipment and then don't bring in enough "cash" to make your payroll. That's what's being discussed with the Preds. Someone has to ante up that up-front cash - loan or more investment. And, should the season get postponed at all, there's no cash coming in but you still have to pay everyone else. Oops.
So is Poile going to match? Have not heard anything in a while. Is it true that last year in the arbitration hearing Poile compared Weber to Yandle and Byfuglien?? Answers please
you might as well take that to the main board. as far as comparing weber to those guys, no offense, but get a clue to how the arbitration process works.
I thought teams like us don't make enough money off gate revenue, etc. to completely cover payroll. Especially if the owners were serious about spending up to the cap. So there must be some other source of cash coming in from somewhere, like the owners' personal money, right?
Edit: Is it possible to take out a loan to cover player salaries? Not saying we should do this, just wondering if it's something that's routinely done in pro sports.
The team brings in around 35-40million in gross gate receipts + broadcast rights + merchandise + revenue sharing + advertising + non-hockey revenues. It could be the owners individual money or other sources. Spending to the cap long term is less than the money Weber alone is due in one calendar year under this offer ... less than $18mil from old cap to this year's .... $27mil to Weber between signing day and July 1, 2013.
regardless of what others say, we have more leverage. we can simply match if at all possible. holmgren won't know if we can match. if he wants weber, and we say we match... he'll have to budge on his offer.
So is Poile going to match? Have not heard anything in a while. Is it true that last year in the arbitration hearing Poile compared Weber to Yandle and Byfuglien?? Answers please
That was last summer, and to be fair at that time most people thought a fair contract for Weber was in the $6.5M area. In one thread from 2010-2011 pretty much most people agreed that signing Weber and Suter each at $6.5M and Rinne at $4.5M would be very fair overpayments to them which would entice them to sign long-term.
Also last summer most people around the league considered Yandle to be another Weber in the making, then he didn't shine as bright this season when OEL stepped up and Weber was nominated for Norris again... funny how one season can change EVERYTHING.
regardless of what others say, we have more leverage. we can simply match if at all possible. holmgren won't know if we can match. if he wants weber, and we say we match... he'll have to budge on his offer.
Holmgren doesn't have to budge at all. Does he have a certain tolerance for pain? I'm sure he is already committed to not giving Schenn or Couturier in ANY deal. He doesn't NEED Weber to have a competitive team next season.
I don't think they will move off of the core guys that have been rumored. ie. voracek, read, mez, picks.
