Quote:
Originally Posted by HomeInMyShoes
There's no future in Ottawa until they are rid of Melnyk.
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I'm convinced they are going to QC.
Quebec City offered 500 mill for a team, nowhere near enough for the league to give them an expansion after claiming to stop at 32.
500 mill is just enough to say the team was sold under duress after melynk ran it into the ground. It's hard to agrue he hasn't been doing his best at this point.
Which is to say they'll give him something like 200 mill for the team while the rest goes to the league that currently needs that money.
I said all of this in the fall of 2019, but it seems far more likely to happen after covid.
Ottawa doesn't have a proper arena full stop.
No one to our south cares about Ottawa, it's barely bigger than Buffalo.
The biggest struggle for any new team in Canada has been carving out territorial rights and I'm sure Montreal is happy to take half of Ottawa for the sake of QC.
Lets do the check list
1) Doesn't take a team from a major American TV market
2) Doesn't alienate American fans
3) Placates a fanbase dying for a team, in a city that built a proper Arena//Cannot afford modern era expansion fees.
4) Covid plus melnyk have given the perfect excuse to move the team, with minimal public outcry/without making the league look like it's built on a bubble.
5) Generates money when the league needs it.
6) Allows for a sweatheart expansion deal to be done if Ottawa ever decides to build a downtown arena. The league can't officially backtrack and offer an expansion team at a cost a Canadian market can afford. But I'm sure they could bend cut a deal if the league was giving a team back to a city that shouldn't of lost theirs. This is useful is the league wants to make easy money without devaluing itself in the States.
7) The factor that has become more apparent the league doesn't have to bow down to one bad owner. The league doesn't want Melynk making a profit for running the team into the ground, but at the same time they can't let the team sell for nothing. By placing a relocation/expansion fee on top of a $200 million sale prices, the league still looks good. A bad owner isn't rewarded for spoiling a market, while a discount nhl team is still worth 500 million.
It's a simple math.
310 million in expansion fees.
200 million into Melnyks pocket.
and in just a few years a 500 million expansion fee for ottawa.
The league would get 810 million in expansion fees for a new team.
An amount no singular Canadian market could afford.
Melnyk would be properly shafted for attempting to spoil a market.
Alternatively they could let Melnyk sell the team for 400 million, and loose out on 300 million that they could literally spend tomorrow.