Quote:
Originally Posted by Jay Random
Beer sales can sure as hell tell the difference between a good economy and a bad one. It isn't the team's record that is damaging the bottom line this season, but the fans' disposable income.
Yes, and what they are is declining – in ancillary, day-to-day matters first; next year, probably, where it will really hurt, in season-ticket sales. This makes the owners particularly keen not to take on unnecessary expense. They will therefore be reluctant to retain salary on trades, even if they have no actual policy against it. Which was my whole damned point to begin with.
Which is why hedging is irrelevant in this context. I was arguing against Enoch Root's claim that all the team's financial worries were solved by hedging. Hedging can't solve a crappy economy.
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To the bold: come on, you can do better than that.
1) do you have any evidence that their revenues are down in any meaningful way this season? I have heard no such thing.
2) regarding next year's season ticket sales: I guess we'll see. But that doesn't impact this year's budget (other than expecting tighter times ahead, which they have no gauge on yet with respect to ST sales)
3) to your main point that alleged declining revenues will stop them from retaining salary: your initial claim was that revenues are down so they don't want to retain salary.
At no point have you shown that revenues are actually down.
And expenses
are actually down. That was my point.
Hudler and Russell make $6.8M combined this year. Jones' salary washes with Backstrom's. So all they picked up was Jokipakka's $900K.
That's a drop of $5.9M x 40/186 which is approximately $1.27M.
Retaining half of Hudler's contract would have meant that they still saved about $840K USD.
That's a lot of beer sales you think they have lost.