Discussion in 'Hockey Talk' started by Rids, Jun 7, 2012.
Things don't look good there....again
http://www.edmontonsun.com/2012/06/06/j ... tes-report
Will somebody stop the madness? After last year, the politicians in Glendale haven't learned their lesson??? The Goldwater Group will step in to stop the politicians from making an insane deal. Basically Greg Jamison, the guy that wants to buy the Coyote will be a city employee making $15 million a year. How would that fly here in Calgary, if the city taxpayers paid Ken King his salary? There would be an outcry & King's salary wouldn't be anywhere close to $15 million a year. FIFTEEN MILLION, YOU KIDDING ME????? Meanwhile, Quebec City is just waiting for a team & would be a huge moneymaker. They would have a license to print money. The Colissee can be made ready to go & yet Bettman stays in Glendale. Makes no sense at all.
I hate vermin! And Coyotes!
Pee Wee (Bettman) will find a way to gloss this over (doesn't he always). Prolly get Glendale City Council to kick in a little more vigorish - tell Jamieson the NHL will cover any losses over 20 million on a co-op basis (50%).....this little despot is desperate not to move that friggin' franchise!
Well he can't admit failure two years in a row can he? They already had to swallow their pride that Atlanta was a bad idea last year... after two tries in that city no less. It's only try in Phoenix right?
One try per year for as long as I can remember that is.
Well okay countless tries every year continually shot down by that Goldwater group (whatever the heck that is.)
He wouldn't have let Atlanta move to Winnipeg if he could have conned Atlanta county into coughing up some major dough to support the team. Only when his last ditch efforts to blackmail the Atlanta group and the city did he report for duty into Winnipeg (where the money was high on a pole, ready for Bettman to climb)
Best move for Atlanta was to come to Winnipeg. Just like the best move for Phoenix is to go to Quebec City. I can't believe the city councillors in Glendale would approve a deal like the one they are considering. If I was a taxpayer in Glendale, I'd be really upset.
As usual Al the taxpayer has little or no say. The council is empowered to make decisions, win, lose or draw. Bettman is probably torturing them with figures as how much tax base they'll lose if they don't subsidize the Ugly Yotes for another year. Jamieson, as per the script has gone "David Asper" on the day of financial reckoning, unable to produce adequate financial juice.
I've never heard of a city paying an owner fifteen million dollars to run his own professional sports team. That is insanity.
I have. Must be the water. The old Jets franchise owned by Shankerow had an agreement that saw the government pay 100% of all losses. Shenkarow ended up paying a couple of his cousins $100,000 a year to be ticket-tackers, such was the lack of oversight of that IOA deal (Interim Operating Agreement)
Yeah, Winnipeg paid the losses but didn't have Shenkarow on staff making multi millions. Winnipeg taxpayers also threw good money away for bad back then by paying for Winnipeg Enterprises & all the free Bombers & Jets tickets for city councillors, their families & friends.
Part of the losses were high salaries to guys like Shenkarow's relatives. Shenkarow himself took a reasonable salary - probably around $250,000 but remember how he got Bettman to ditch Izzy Asper's offer of 21 million US$ (about 30 canadian at the time) because he deemed Asper would flip the team later. Actually the 21 million is an accurate figure according to the IOA - and when Bettman let Shenkarow off the hook, Barry was able to sell the team to U.S. interests for nearly 4 times Asper's offer. (about 75 million to Richard Burke and Ducky Gluckstern)
As predicted - Bettman slithers thru again!!!
The Glendale city council approved the arrangement with Pee Wee and WC Fields (Daley) in attendance.
Here's the link from Wpg Free Press
http://www.winnipegfreepress.com/sports ... 66415.html
Isn't it ironic that Winnipeg is now in the Top 10 as far as revenues go & Phoenix is a bottom feeder having to live off the Glendale taxpayer?? Role reversal, don't you think???
Winnipeg will gradually taper off as they have absolutely no room for ticket growth (sold out for next four years) and their sponsorships are firmly committed (although always room for new ones)... plus how many $300 Jet sweaters can a person own. I suspect Jets merch sales will remain strong but won't increase. Still, its a terrible example that Pee Wee Hermann had to be dragged kicking and screaming back to Wpg (when all efforts to blackmail Atlanta government failed).
PeeWee Twistee is really torquing up the heat on Glendale to subsidize then new phantom-owner of the Yotes, isn't he?
i think Winnipeg will always be strong. No worries there.
No worries for the next 4 to 8 years as we're SRO for the next 4, with massive waiting lists ready with cash on the barrelhead to pry tickets away from those who default, die or move. (or even lose interest in hockey)
However, despite their enormous success at everything but playing great hockey Jets ownership refuse to cough up salary and play it out around 16 to 19 million under the cap. Unless grinders perform at superstar levels, the Jets are doomed to be non-playoff chasers for years to come. And if they do have a super year and slither into a playoff spot (#15 or #16 seed) they'll be first round fodder.
Great fan support, super merchandise and promotional sales volume, a multi-millionaire as one owner (Chipman) and a Billionaire (Thompson) as the other and this team has to couch the cap? Amazing?
I think that the owners will go out & spend. But spend wisely. Look at the Flames to show what haappens when you dole out big contracts for a bunch of over the hill veterans.
When your financials are pretty much locked down and there's no way of covering cash injections that advance you to the cap ceiling then there's no way the Jets will spend more than another 1 or 2 million - and all there going to get are depressed free agents, castoffs, project players or over the hillers.
If Jets have 17 million left whats their incentive to spend it if the only potential return is a slightly better team that still can't get them to playoff country? However, if thats the way they feel perhaps Jets management should just resign as its obvious they're not calling all the financial shots.
Be interesting how July 1st goes this year with a new CBA being negotiated as well as a pending lockout looming as in 2005. May not be a lot of big contracts doled out.