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News Article: Lebreton

Stylizer1 said:
Thing is he did that well before he said he was doing it. The Hossa Trade/ Heatley trades where evidence he was cutting costs. After Roy Malakar left he continued to down size the front office. These things happened before he was crying poor.
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The Hossa/Heatley trade was a cap thing, not a salary thing.

I'm pretty sure we were a cap team until at least 2011. We spent big money on free agents like Kovalev and Gonchar.
 
FunkySeeFunkyDoo said:
Am I the only one who thinks it's hilarious that the girl in the bottom right hand corner of that rendering is wearing a Daugavins jersey?

Who would have thought he'd be part of the vision for the team going forward!
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I also own a Daugavins jersey and I think I might put it on right now to celebrate.
 
I rarely post here...but the lack of any announcements of equity in this project makes 100% sense to me.

If you're potentially selling the team (and from the sounds of things, it's very much on the menu) then you would want any buyer to have the opportunity to buy the full team+arena outright. Any equity in the arena for 3rd parties at this stage...reduces your flexibility and options.

I'm sure there are a number of billionaires that might say "I'm buying all the team/arena or none of it." Having no equity sold in Lebreton allows the full sale of the team+arena, or partial sale, to still be viable options.

I would imagine there are potential equity opportunities lined up with some of the arena partners announced today (either the partner directly or the partner with experience lining up investors for sports properties) as a back up, should a 100% sale not occur (or a partial sale require more investment than the current Senators ownership would like to put in themselves).

But the schedule isn't to break ground until 2024, and this allows a full range of sale options to be considered prior to any commitment or dilution of the investment.
 
swiftwin said:
The Hossa/Heatley trade was a cap thing, not a salary thing.

I'm pretty sure we were a cap team until at least 2011. We spent big money on free agents like Kovalev and Gonchar.
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Agree on Hossa/Heatley,

As for cap team, I guess it depends on what you consider a cap team but we were pretty tight to the cap until we offloaded guys in the 2010-2011 season, then we had a stretch of years being 6-10+ mil under the cap. We started approaching the cap again 16-17 and 17-18 but it's complicated by some LTIR contracts like MacArthur.
 
woodrow9876 said:
I rarely post here...but the lack of any announcements of equity in this project makes 100% sense to me.

If you're potentially selling the team (and from the sounds of things, it's very much on the menu) then you would want any buyer to have the opportunity to buy the full team+arena outright. Any equity in the arena for 3rd parties at this stage...reduces your flexibility and options.

I'm sure there are a number of billionaires that might say "I'm buying all the team/arena or none of it." Having no equity sold in Lebreton allows the full sale of the team+arena, or partial sale, to still be viable options.

I would imagine there are potential equity opportunities lined up with some of the arena partners announced today (either the partner directly or the partner with experience lining up investors for sports properties) as a back up, should a 100% sale not occur (or a partial sale require more investment than the current Senators ownership would like to put in themselves).

But the schedule isn't to break ground until 2024, and this allows a full range of sale options to be considered prior to any commitment or dilution of the investment.
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Public funding / tax incentives are still up in the air. No one going to bite until this is resolved. This will move better with new partners.
 
swiftwin said:
The Hossa/Heatley trade was a cap thing, not a salary thing.

I'm pretty sure we were a cap team until at least 2011. We spent big money on free agents like Kovalev and Gonchar.
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Heatley trade to SJ was a salary thing. That's when every trade after was quantity over quality.
 
Stylizer1 said:
Heatley trade to SJ was a salary thing. That's when every trade after was quantity over quality.
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We were within 1 mil of the cap the two following years, not sure if we had some back loaded deals vs front loaded but I don't agree with you at all that Heatley to SJ was a salary thing. He's the one that wanted out (not saying he wasn't justified, only those involved would know for sure).

Cheechoo (3.5, 3.5) and Michalek (3.5, 4.25) vs Heatley (8, 8 ) was pretty close to cash neutral for the years Cheechoo and Michalek were under contract for,
 
First trade I can remember thinking, "Oh, that's CLEARLY financially motivated" was the Brassard-Zibanejad one. Granted, I think I was a little late in accepting that's what was happening, so it's plausible there were moves before then that illustrated the trend too. Can't say I care enough to do a deeper dive.
 
Gil Gunderson said:
The arena being a bridge away from Gatineau/Quebec is incredibly important. This team hasn't done a very good job trying to reach that market at all.
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That certainly could help. If nothing else, we'll get the walk up crowd of habs fans when they come to town...
 
Micklebot said:
Agree on Hossa/Heatley,

As for cap team, I guess it depends on what you consider a cap team but we were pretty tight to the cap until we offloaded guys in the 2010-2011 season, then we had a stretch of years being 6-10+ mil under the cap. We started approaching the cap again 16-17 and 17-18 but it's complicated by some LTIR contracts like MacArthur.
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Mick..the time line is straight forward. SCF in 07..~ 12 home playoff dates and a packed arena in the month leading up to it.

from 07/08-10/11..4 years of near nothing..2 years in, 2 years out..2 series total ~ 6 games total..In all 4 years, the late season attendance was probably poor.

So by 2011 the team is not generating anywhere near the cash needed..so he starts cutting back. Then piss poor drafting lead to a stagnant 5 years (11/12-15/16)....3 years in, 2 out. 4 series total ~ 11 games. So even more revenue issues.

everything that happened was per script.

Piss poor management (Muckler and Murray) led to an on ice collapse that they could not correct. Which led to no playoffs, which led to revenue shortage, which got him to pinch pennies. His fault for staying with the 2 GMs. No one can survive if in 9 years, 5 appearance, 6 series and ~15 games...That is 1/2 to 1/3 of the playoff games that you need.

He did not picnh pennies until his revenue dried up and even then, he was still spending...But man to leave Murray in as long as he did...
 
Fantastic news. Sounds like some big capable names involved.

Does anyone know what is happening with the Ruddy/Trinity lawsuit and counter suit. These articles are the most recent I could find.
www.saltwire.com

Eugene Melnyk's unfinished business: profits, a new arena and that billion-dollar lawsuit | SaltWire

This was to have been a seminal year for Ottawa Senators owner Eugene Melnyk, who died late Monday at age 62. Melnyk had been looking forward to the ...
www.saltwire.com www.saltwire.com
ottawa.ctvnews.ca

Judge orders Melnyk-owned company to turn over documents in LeBreton dispute

A judge has ordered a company owned by late Senators owner Eugene Melnyk to turn over documents in a legal fight with Trinity Development Group about an ill-fated bid to redevelop LeBreton Flats.
ottawa.ctvnews.ca ottawa.ctvnews.ca
theathletic.com

What comes next for Senators ownership?

There are several questions that need to be answered about the Senators' future following the death of Eugene Melnyk.
theathletic.com theathletic.com

Looks like getting this deal is the first domino to fall for what will happen with the hockey team. Any insights?
 
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Beech said:
Mick..the time line is straight forward. SCF in 07..~ 12 home playoff dates and a packed arena in the month leading up to it.

from 07/08-10/11..4 years of near nothing..2 years in, 2 years out..2 series total ~ 6 games total..In all 4 years, the late season attendance was probably poor.

So by 2011 the team is not generating anywhere near the cash needed..so he starts cutting back. Then piss poor drafting lead to a stagnant 5 years (11/12-15/16)....3 years in, 2 out. 4 series total ~ 11 games. So even more revenue issues.

everything that happened was per script.

Piss poor management (Muckler and Murray) led to an on ice collapse that they could not correct. Which led to no playoffs, which led to revenue shortage, which got him to pinch pennies. His fault for staying with the 2 GMs. No one can survive if in 9 years, 5 appearance, 6 series and ~15 games...That is 1/2 to 1/3 of the playoff games that you need.

He did not picnh pennies until his revenue dried up and even then, he was still spending...But man to leave Murray in as long as he did...
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Melnyk being the mighty hero spending every penny he could afford until he just couldn't do it anymore and Murray the terrible GM who should have been canned is not the story I expected to read today but I'd like to inquire as to where you attained your herb as I would take to sample your wares
 
Looking at the Populous website, it definitely looks like they are one of the biggest architects for sports venues in NA. Stadiums and arenas like: Yankees stadium, Texas A&M football stadium, Climate Pledge arena, T-mobile arena, Target Field. And this is just in NA

Apparently they've designed 20 MLB ballparks. Pretty exciting stuff
 
Emerica said:
Looking at the Populous website, it definitely looks like they are one of the biggest architects for sports venues in NA. Stadiums and arenas like: Yankees stadium, Texas A&M football stadium, Climate Pledge arena, T-mobile arena, Target Field. And this is just in NA

Apparently they've designed 20 MLB ballparks. Pretty exciting stuff
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It's almost like the league had all this set up, on the back burner so to speak. And now they can get things done.
 
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Loach said:
It's almost like the league had all this set up, on the back burner so to speak. And now they can get things done.
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Sure does. it also avoided the Sens Board googling "+arena +build +cheap"
 
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SpezDispenser said:
Is the bottom line that we'll have a higher payroll out of this? That's really all I care about to be honest
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Well obviously the team won’t see a dime until the arena opens but one would think that the franchise’s value has probably increased after this announcement, meaning that ownership might be leas reluctant to spend more. We can only hope.
 
Gil Gunderson said:
Well obviously the team won’t see a dime until the arena opens but one would think that the franchise’s value has probably increased after this announcement, meaning that ownership might be leas reluctant to spend more. We can only hope.
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We do know the team found out what the budget is last week, obviously they won’t announce it, but they can prepare better at least.
 
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