Kukla's Korner Hockey
by Paul on 09/20/05 at 03:03 AM ET
"We are committed," said owner Bill Davidson, who attended Monday's preseason opener against the Red Wings and sat behind the Lightning bench. "We have a lot of confidence in this team, and we think they will be right up there contending for a championship." Under the old agreement, Davidson said it would have been "very difficult" to maintain ownership considering the amount of money the team was losing, upward of $10 million per season since he purchased the Lightning before the 1999-2000 season. Despite the new economics, CEO Tom Wilson said it will take a playoff run into the third round for the team to break even this season on a payroll that will come close to the $39 million cap. During the 2003-04 season, Tampa Bay carried a $33 million base payroll and turned its first profit -- about $3 million -- after winning the Stanley Cup.
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About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
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