I can't speak for everyone's thoughts, but my "narrative" is that since covid Pegula has decided to cut costs in a variety of ways. He settled on a guy that can push the "we need patience for guys to develop during (yet another) re-build" to fans and media, to justify being around the cap floor for several years. He's been "efficient" with both on-ice and off-ice costs, which ultimately I don't demonize him for as a fan of capitalism and free will. He can do what he wants but I won't hesitate to call it it what it is. I also don't assume he'll continue operating this way forever, but I can't predict when he will go back to max spending either. The way the franchise and fans base have been kicked in the dirt, it's got to change soon.
But that narrative is a false one.
Pegula’s “economic and efficient” comments came Right after the front office was gutted by Adams during the 2020 offseason. The next season was NOT Adams doing a rebuild with a youth heavy roster. It was Krueger/Adams spending near the upper limit (1-2mil shy of it) in an attempt to put a winner together. They spent 19mil above the lower limit in a season with almost no revenue due to the pandemic. That season was the exact opposite of Pegula’s comments and easily the least “economic and efficient” season of his tenure as owner.
After that season imploded and Adams took full control of hockey ops was when the rebuild started. There is no direct connection between Pegulas 2020 offseason comments and the rebuild Adams embarked on.
It’s crazy to me how many posters just memory hole the 2021 Covid season when discussing spending. That year is a complete repudiation of the idea that Pegula decided during the 2020 offseason to no longer spend money.
Posters also talk about Pegula imposing an “internal budget”.
Our payroll since the 2020 offseason.
2021 -> Near upper limit (19mil above lower limit)
21-22 -> near lower limit
22-23 -> near lower limit
23-24 -> at midpoint (11-12mil above lower limit)
Next year -> Above midpoint (16mil or so above lower limit after Krebs deal)
If there is an internal budget, what is it based on? There should be some sort of financial common thread you and others can point to over those 5 seasons that tells us what it is. Examples would be things like consistently spending near the lower limit as many posters frequently assert. But there is no such through line with our payroll, Simply not spending to the upper limit is not evidence there is an internal budget.
There were definitely “hockey decisions” though that very much explains the up, down, down, then up and up again spending on those 5 payrolls. Tried to build a winner (year 1), rebuild with youth/development (Years 2+3) and pay for the fruits of years 2+3 (Years 4+5).