tag:blogger.com,1999:blog-9215652504344172254.post7885641340103209595..comments2024-01-15T09:53:40.089-05:00Comments on Black Aces: Prudent Austerity or A Case Of Alligator Arms?Jeremy Milkshttp://www.blogger.com/profile/09719907099819957578noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9215652504344172254.post-86066280688306937082011-09-16T06:11:57.612-04:002011-09-16T06:11:57.612-04:00Great points about Bryden. I didn't intend to ...Great points about Bryden. I didn't intend to belittle him if that's what came across. He was a great owner who fought to keep this team in Ottawa and should always be remembered fondly by fans here.Jeremy Milkshttps://www.blogger.com/profile/09719907099819957578noreply@blogger.comtag:blogger.com,1999:blog-9215652504344172254.post-43937611417623099582011-09-16T01:41:12.552-04:002011-09-16T01:41:12.552-04:00My take is that they reduced the payroll because t...My take is that they reduced the payroll because they realize that there's no sense spending a lot of money if you're not going to be contenders. I'd bet that the payroll ramps up as soon as it looks like we can do some damage. Just a guess.<br /><br />As for the Bryden reference, here's a little perspective.<br /><br />It's true that our payroll (in US dollars) was a lot lower under Bryden, but you cannot under estimate the effect of the low Canadian dollar.<br /><br />Here's some rough analysis:<br /><br />October 2002 - CAN dollar at 63.3 cents US<br />***Melnyk takes over***<br />October 2003 - CAN dollar at 74.3 cents US<br />October 2005 - CAN dollar at 86.1 cents US<br />October 2006 - CAN dollar at 89.5 cents US<br />October 2007 - CAN dollar at PAR with US<br />October 2008 - CAN dollar at 94.2 cents US<br />October 2009 - CAN dollar at 92.2 cents US<br />October 2010 - CAN dollar at 98.1 cents US<br />Today 2011 - CAN dollar at 1.02 cents US<br /><br />Roughly, this is what the Sens spent on salary in Canadian dollar terms: (I assumed that 02-03 had a $30M US payroll and 03-04 had $33M US payroll. Every other year, I assumed that they spent to the cap, even though they usually were slightly below it)<br /><br />02-03 $47.4M<br />03-04 $44.4M<br />Lockout<br />05-06 $45.3M<br />06-07 $49.2M<br />07-08 $50.3M<br />08-09 $60.2M<br />09-10 $61.6M<br />10-11 $60.6M<br />11-12 $50.0M Appoximately<br /><br />These figures are very rough. They might be off by a bit.<br /><br />The point I'm trying to make is that, due to the rise of the Canadian dollar, the Sens payroll has been pretty stable over the last 10 years.<br /><br />Bryden kinda gets a raw deal for being tagged as a guy who didn't spend much on salaries. The fact is that he spent about as much we are spending now, in CAN dollar terms.<br /><br />Add to that, ticket prices have increased. The payroll has been relatively stable. The CAN dollar could keep going up in the future.<br /><br />I think the Sens are in good shape.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9215652504344172254.post-74371056382258464022011-09-15T23:08:55.087-04:002011-09-15T23:08:55.087-04:00Will be interesting to see this year, but I've...Will be interesting to see this year, but I've been a fan for years but bought my first multi-game pack this year. I'm excited about the direction being taken.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9215652504344172254.post-87431550275992666262011-09-15T20:27:37.327-04:002011-09-15T20:27:37.327-04:00Ottawa has an additional problem of there being to...Ottawa has an additional problem of there being tons of Leafs and Habs fans and a good portion of the city that could give a shit about the team, period.<br /><br />Additionally, I hear more and more people that don't go to games because Melnyk is rich and unlike the Bryden days when they had to go or the team would move. Now, people take the team for granted or are just cheap.<br /><br />I don't think revenues will go up until the team rattles off 100 point seasons and makes te playoffs all the time or Melnyk threatens us.Anonymousnoreply@blogger.com