News Article: Penguins Sale Possible This Week

[Night Shift]

 

[Night Shift]

I love the progression of this thread. The initial wave of nay-saying, doomsday forecasting Bostonians perfectly matched the glum vibes many have about the franchise's future in recent weeks. And then, after a few pages of digging into the details, the collective mood shifts to "Wait, you mean he runs his teams like a tight ship, looks at all the angles, and employs analytics to get the best value for his money?" That is considered a feature, not a bug around here, my friends. Welcome to the country club.

But this tidbit from page 1 bothered me, and I dont think my brain can let it drop that easily:



Mookie Betts was 27 years and 5 months when the Sox traded him to LA, not 25. At 25 he was helping them to another World Series.

I can sympathize with the gripe of "dont let our best player go" but rather than give him an eye-watering mega deal or let him hit FA, the Sox cut bait and got several young guys back (one of whom helped them reach the ALCS this year). And while I'm sure the Dodgers arent regretting the trade, with a WS title in their pocket, Betts has clearly regressed since his best years in Boston. And is due another 300 million over the next decade. The Sox also paid 50% of the Salary owed to David Price in the deal (by my count 48 million) to make the deal happen. So we aint talking about Eugene Melnky here

If that is penny pinching and cheaping out, then it looks like a pretty damn clever instance of it from where I'm sitting.

If Boston had Rooney or Nutting as owners they'd have been tarred and feathered up there by now.

 

[pistolpete11]

Mookie Betts was 27 years and 5 months when the Sox traded him to LA, not 25. At 25 he was helping them to another World Series.

I can sympathize with the gripe of "dont let our best player go" but rather than give him an eye-watering mega deal or let him hit FA, the Sox cut bait and got several young guys back (one of whom helped them reach the ALCS this year). And while I'm sure the Dodgers arent regretting the trade, with a WS title in their pocket, Betts has clearly regressed since his best years in Boston. And is due another 300 million over the next decade. The Sox also paid 50% of the Salary owed to David Price in the deal (by my count 48 million) to make the deal happen. So we aint talking about Eugene Melnky here

If that is penny pinching and cheaping out, then it looks like a pretty damn clever instance of it from where I'm sitting.

Rumors say they offered him a 10 year $300M contract, but he turned it down and countered with 12 years and $420M.

Now, if that's not cheap, I don't know what is.

 

[ziggyjoe212]

Am I the only one who thinks $845m is way too much for the Pens? I don't think they realize how drastically the viewership and attendance will drop once Sid and Geno are gone.

That land across the street must be more valuable than I realized.

 

[McGroarty2]

Rumors say they offered him a 10 year $300M contract, but he turned it down and countered with 12 years and $420M.

Now, if that's not cheap, I don't know what is.

Yea, wouldn't make sense paying a 39 year old 35 mil/yr. $30/yr for 27-37 is more than fair.

 

[Night Shift]

Am I the only one who thinks $845m is way too much for the Pens? I don't think they realize how drastically the viewership and attendance will drop once Sid and Geno are gone.

That land across the street must be more valuable than I realized.

I dont think Henry cares, he's oozing with mulah

 

[pistolpete11]

Am I the only one who thinks $845m is way too much for the Pens? I don't think they realize how drastically the viewership and attendance will drop once Sid and Geno are gone.

That land across the street must be more valuable than I realized.

No way a billionaire spent this much money on a team without putting in a call to Uncle Gary to make sure we get the next generational talent after Sid and Geno are gone

 

[Buddy Bizarre]

Am I the only one who thinks $845m is way too much for the Pens? I don't think they realize how drastically the viewership and attendance will drop once Sid and Geno are gone.

That land across the street must be more valuable than I realized.

Success does not equal value in the business landscape. Especially hockey.

Believe they are middle of the pack (16th?) in terms of value. That seems about right when you look at the population vs other NHL cities. The value of this franchise will likely increase over time. In fact, I can't think of 1 NHL franchise that has declined in value (probably except AZ or any recently moved team).

The legacy of Sid/Geno will print money for this franchise well after they've retired.

 

[wgknestrick]

Am I the only one who thinks $845m is way too much for the Pens? I don't think they realize how drastically the viewership and attendance will drop once Sid and Geno are gone.

That land across the street must be more valuable than I realized.

Absolutely, but winning solves all problems and if you put the brightest minds in the proper spots (scouting + analytics + coaching), you can win in the NHL. Just look at what Stevie Y has done in both TBL and now DET. I also think that transitioning away from Mario will be good for the org despite his decades of dedication to it. The other thing to realize on that price is the insane inflation so that takes a 20-25% sting off that price, and you aren't starting from scratch like Seattle is. There are millions of Penguin posters already up on walls, and several home grown NHLers in Saad, Trocheck, and Gibson.

 

[Ugene Magic]

No way a billionaire spent this much money on a team without putting in a call to Uncle Gary to make sure we get the next generational talent after Sid and Geno are gone

That land and development will probably make them well over what they paid for the initial team cost. It's really getting through all the red tape locally.

Prime real-estate for like 95.0 if the team is 750.0.

 

[edog37]

Am I the only one who thinks $845m is way too much for the Pens? I don't think they realize how drastically the viewership and attendance will drop once Sid and Geno are gone.

That land across the street must be more valuable than I realized.

winning solves a lot of issues. Compete for Cups & everything will take care of itself.

 

[Pens x]

After tonight, Dom Simon will play more games this season than all of last year.

 

[Big Friggin Dummy]

Yeah, I'm still confused as to why an ownership group would pay near enough $1 billion for a team that's a breath away from a potentially lengthy and ugly rebuild. Ticket sales are already dropping, the team's three years into consecutive 1st round exits, the core's older. We're probably a few years away from the team basically giving away tickets via student rush promotions again while we ice a lineup full of nobodies.

But again, I'm no math wizard. I'm sure they pay a lot of people a ton of money to figure these things out. Just seems like the worst time to pay big for this team.

 

[cookthebooks]

you are answering your own question - you would pay a lot more if it werent for those factors. this is also largely a real estate play

 

[Extra Texture]

Rumors say they offered him a 10 year $300M contract, but he turned it down and countered with 12 years and $420M.

Now, if that's not cheap, I don't know what is.

Good god. I like Betts, and I'm always happy to see players cash in bigtime if they're good guys. But god Baseball salaries are just ridiculous. I know they're making (relative) bupkis early on in their careers, but some of those mega contracts arnet just "take care of your family for generations" money. That's "create a business empire" money. Even before the guys making big bank now, the likes of Trout, Stanton and Pujols were slated to earn at least 300M in their careers, easy. To say nothing of the endorsement money. I know that's all pre-tax, but still.

It's funny because salary in association football is measured in per week rather than annual. And 100K Euros or GBP is a handy threshold for a star player who has "made it", while other superstars go well above that. And it sounds like a lot. Until you do the math and realize that's 5.2 GBP million per annum, which is something like under $7M USD. In a higher tax environment. Which makes the mega money in baseball seem even more insane.

 

[Tacitus Kilgore]

Yeah, I'm still confused as to why an ownership group would pay near enough $1 billion for a team that's a breath away from a potentially lengthy and ugly rebuild. Ticket sales are already dropping, the team's three years into consecutive 1st round exits, the core's older. We're probably a few years away from the team basically giving away tickets via student rush promotions again while we ice a lineup full of nobodies.

But again, I'm no math wizard. I'm sure they pay a lot of people a ton of money to figure these things out. Just seems like the worst time to pay big for this team.

Clearly they spoke with Uncle Gary about Bedard and/or Michkov

 

[Big Friggin Dummy]

Clearly they spoke with Uncle Gary about Bedard and/or Michkov

eyesemoji.png

 

[Tacitus Kilgore]

eyesemoji.png

 

[Big Friggin Dummy]

Well Burke pulled off the wild sequence that lead to both Sedins. Maybe he'll do it again to get both Bedard and Michkov.

 

[Tacitus Kilgore]

Well Burke pulled over the wild sequence that lead to both Sedins. Maybe he'll do it again to get both Bedard and Michkov.

Burke and Hexy will mean mug their way into greatness

 

[wgknestrick]

Yeah, I'm still confused as to why an ownership group would pay near enough $1 billion for a team that's a breath away from a potentially lengthy and ugly rebuild. Ticket sales are already dropping, the team's three years into consecutive 1st round exits, the core's older. We're probably a few years away from the team basically giving away tickets via student rush promotions again while we ice a lineup full of nobodies.

But again, I'm no math wizard. I'm sure they pay a lot of people a ton of money to figure these things out. Just seems like the worst time to pay big for this team.

Because they will have a say on the rebuild?

 

[pistolpete11]

Good god. I like Betts, and I'm always happy to see players cash in bigtime if they're good guys. But god Baseball salaries are just ridiculous. I know they're making (relative) bupkis early on in their careers, but some of those mega contracts arnet just "take care of your family for generations" money. That's "create a business empire" money. Even before the guys making big bank now, the likes of Trout, Stanton and Pujols were slated to earn at least 300M in their careers, easy. To say nothing of the endorsement money. I know that's all pre-tax, but still.

It's funny because salary in association football is measured in per week rather than annual. And 100K Euros or GBP is a handy threshold for a star player who has "made it", while other superstars go well above that. And it sounds like a lot. Until you do the math and realize that's 5.2 GBP million per annum, which is something like under $7M USD. In a higher tax environment. Which makes the mega money in baseball seem even more insane.

The economics of professional sports is crazy, but I'll always side with the players opposed to further lining the pockets of billionaires.

 

[Mr Jiggyfly]

Yeah, I'm still confused as to why an ownership group would pay near enough $1 billion for a team that's a breath away from a potentially lengthy and ugly rebuild. Ticket sales are already dropping, the team's three years into consecutive 1st round exits, the core's older. We're probably a few years away from the team basically giving away tickets via student rush promotions again while we ice a lineup full of nobodies.

But again, I'm no math wizard. I'm sure they pay a lot of people a ton of money to figure these things out. Just seems like the worst time to pay big for this team.

I assume they have seen how much the team makes when it’s good, so I assume they will put a plan in place to become competitive again as quickly as possible.

They will also run the PPG and print money from that, develop the land around the arena, etc.

I doubt this sale would go through if the numbers didn’t make sense on both ends.

 

[HandshakeLine]

I’m pretty sure Burke doesn’t do shit here except frown and give stern rebukes.

 

[Deport Ogie]

I’m pretty sure Burke doesn’t do shit here except frown and give stern rebukes.

Which is pretty darn good news from a player analysis standpoint, let's be honest.