Kevyn Adams GM thread

[joshjull]

Yah, we remember when he made Adams lay people off and fire people during a PANDEMIC! The other NHL teams all managed to survive (minus AZ which had other issues).

Yes he did and that was a dick thing to do.

If saving 8Million on the cap is to pay off debt from COVID we have serious franchise ethical issues.

Your here subtly defending the ownership constantly I notice, if you work down there or know them, please tell him to end this INSANITY by the new year and stop being delusional and in denial like his GM.

14 F'in YEARS!

They are losing money every year. Even if they wanted to pay off previous debt, they have no money to do so. So no, they’re not paying off debt by being under the cap.

Me pointing out the economic reality of the team is not defending the owner. He’s a bad owner because he can’t hire a good hockey mind to run it and it’s led to years of sucking. Plus he neglects the arena. It don’t need to go down the various rabbit holes or believe any of the various “theories” posters love on here to think he sucks as an owner.

The poster I quoted was suggesting Pegula hates losing money. He’s been losing money for years, so clearly thats not the case. And “losing money” is relative in this case with the team owned by a LLC that has other sources of revenue.

 

[Fjordy]

Yes he did and that was a dick thing to do.

They are losing money every year. Which means they have no money to pay off previous debt. So no, they’re not paying off debt by being under the cap.

Me pointing out the economic reality of the team is not defending the owner.

The poster I quoted was suggesting to hit Pegula in the pocketbook to force him to make a change. He’s already been losing money for years, so that tactic isn’t likely gonna do anything.

Isn't the value of the franchise going up and he's not making money from the NFL and his business?

So maybe he should just hire the right people to run the franchise and not interfere so he can stop losing money. It would be nice if someone could get this idea into his head. We need Cobb (Leo DiCaprio) to put this idea into his head.

 

[ValJamesDuex]

Yes he did and that was a dick thing to do.

They are losing money every year. Even if they wanted to pay off previous debt, they have no money to do so. So no, they’re not paying off debt by being under the cap.

Me pointing out the economic reality of the team is not defending the owner. He’s a bad owner because he can’t hire a good hockey mind to run it and it’s led to years of sucking. Plus he neglects the arena. It don’t need to go down the various rabbit holes or believe any of the various “theories” posters love on here to think he sucks as an owner.

The poster I quoted was suggesting Pegula hates losing money. He’s been losing money for years, so clearly thats not the case. And “losing money” is relative in this case with the team owned by a LLC that has other sources of revenue.

That is a very concise and polite reply Josh and if I take out my frustrations on you I apologize. Happy Holidays.

 

[Beerz]

Not going all out to get into the playoffs in 22-23 when the opportunity was right there was a catastrophic mistake.

I remember being pissed off that Riley Stillman was our only add and saying it was a huge mistake not pushing for the playoffs that year because you never know what the future will bring. There was so much pushback from posters here about how it would be such a waste to shoot for the playoffs and get swept in the 1st round by the Bruins.

 

[toddkaz]

I remember being pissed off that Riley Stillman was our only add and saying it was a huge mistake not pushing for the playoffs that year because you never know what the future will bring. There was so much pushback from posters here about how it would be such a waste to shoot for the playoffs and get swept in the 1st round by the Bruins.

Thats Buffalo Sabres loser mentality.

 

[TehDoak]

Isn't the value of the franchise going up and he's not making money from the NFL and his business?

So maybe he should just hire the right people to run the franchise and not interfere so he can stop losing money. It would be nice if someone could get this idea into his head. We need Cobb (Leo DiCaprio) to put this idea into his head.

The reality is, the Sabres will never be a profitable team. At least not consistently. To be break even, they need likely 1-2 rounds of playoff revenue.

But...the reality is right now, they are bleeding cash. At 1/2 filled arenas, this is basically become a money pit.

While it looks hopeless, fans would come RUNNING back for a winning team.

 

[Fjordy]

The reality is, the Sabres will never be a profitable team. At least not consistently. To be break even, they need likely 1-2 rounds of playoff revenue.

But...the reality is right now, they are bleeding cash. At 1/2 filled arenas, this is basically become a money pit.

While it looks hopeless, fans would come RUNNING back for a winning team.

They are losing more money and will continue to lose more money than if they were a playoff team and were good. Also, the value of the franchise would probably go up even more if they were a good team. I think that's obvious. It's weird that Terry doesn't understand this and supposedly sets a spending limit and saves 5 million in the cap, it's just ridiculous,

 

[Doug Prishpreed]

The reality is, the Sabres will never be a profitable team. At least not consistently. To be break even, they need likely 1-2 rounds of playoff revenue.

But...the reality is right now, they are bleeding cash. At 1/2 filled arenas, this is basically become a money pit.

While it looks hopeless, fans would come RUNNING back for a winning team.

I’m not sure if this is all true, but if you need two rounds of playoffs to break even, your city shouldn’t have a team.

This team really doesn’t have a future, does it…and I can’t see myself following them in their new city. Not sure why we’re all putting any hope into a walking corpse, because that’s what it feels like at this point

 

[Ehran]

"Value" of a franchise doesn't mean much unless you're actually looking to sell. And Pegula has shown zero interest in that.

A higher value may shave a few points off interest on any loans but that's just going into debt slower.

Oh, and "value" would apply to estate taxes when the time comes but there are tax professionals that I'm sure are planning for that.

Death, Taxes, and New York State Bureaucracy ...

 

[May Day 10]

That round of the playoffs to break even thing was repeated a lot 20 years ago.

Who knows what the books look like now? The landscape is a lot different, there is a lot more national TV money, expansion fees, and teams have ballooned from being worth $100 Million to $1 Billion.

Also, Pegula is reportedly worth $7 Billion. Let's say he has $2 Billion available for straight-up investment. At just an 8% annual return, that is $160 Million/year. That doesnt include the windfall he gets from the Bills. Losing a few million here and there on the Sabres which is a hobby, is a drop in the bucket. The value of the team has also gone up by almost 600% since he bought them 14 years ago.

 

[jc17]

They are losing more money and will continue to lose more money than if they were a playoff team and were good. Also, the value of the franchise would probably go up even more if they were a good team. I think that's obvious. It's weird that Terry doesn't understand this and supposedly sets a spending limit and saves 5 million in the cap, it's just ridiculous,

It's almost as if....

 

[SundherDome]

They are losing more money and will continue to lose more money than if they were a playoff team and were good. Also, the value of the franchise would probably go up even more if they were a good team. I think that's obvious. It's weird that Terry doesn't understand this and supposedly sets a spending limit and saves 5 million in the cap, it's just ridiculous,

Nobody has been able to confirm that there is a spending limit. The Adams org has leaks and many ex-employees, so if it were true, I assume we would have heard something about it.

 

[Fjordy]

Nobody has been able to confirm that there is a spending limit. The Adams org has leaks and many ex-employees, so if it were true, I assume we would have heard something about it.

I doubt it either, although Terry talked about efficient and economical when he hired Adams. I just find it strange that such a rich man can't give 5-10 million more to the team. We have 83 million in cap, not 68-70 like some teams.

 

[Sabresbyswords104]

So with 10 L clearly Adams is on the hot seat ? This was the season for playoff

 

[SundherDome]

I doubt it either, although Terry talked about efficient and economical when he hired Adams. I just find it strange that such a rich man can't give 5-10 million more to the team. We have 83 million in cap, not 68-70 like some teams.

If there was a deal to add cap, I don't think it would be an issue. I think his economical and efficient comments were severely overblown. Dumping a bunch of employees during Covid was real bad but think of all the money the Sabres paid and are probably still paying to ex-employees and players. At some point, you have to reign it in.

So with 10 L clearly Adams is on the hot seat ? This was the season for playoff

My guess is nothing will happen until after new years.

 

[Tijuana Donkey Show]

The reality is, the Sabres will never be a profitable team. At least not consistently. To be break even, they need likely 1-2 rounds of playoff revenue.

But...the reality is right now, they are bleeding cash. At 1/2 filled arenas, this is basically become a money pit.

While it looks hopeless, fans would come RUNNING back for a winning team.

Here is something crazy....

Golisano was open about operating with an internal budget in order to keep the team profitable. The Buffalo Sabres would be a much much much better franchise if TG never sold the team.

I sometimes wonder if the EEE stuff is pushed as an excuse for losing, hoping that fans didn't remember they won a Presidents Trophy or went to an Eastern Conference Finals with an owner who was openly saying "I need to make a profit on this".

Pegula is bad at spending money and at running efficient organizations. It is pretty wild. But not hugely shocking when you look at his oil and gas career. None of that rolled up to him.