Kukla's Korner Hockey
by Paul on 09/13/05 at 10:13 PM ET
The Pittsburgh Penguins expect to lose at least $7 million this season despite a more favorable NHL labor agreement, player salary concessions and a big jump in ticket sales created by adding rookie Sidney Crosby. Owner-player Mario Lemieux said Tuesday his ownership group decided to increase the payroll by about $9 million, from $22 million in 2003-04 to about $31 million, in an accelerated effort to contend for the Stanley Cup immediately. "We've been rebuilding for three years, it's time to put a great team on ice and, to do that, we're willing to lose and we're going to lose more money next year," Lemieux said. "We're prepared to do this to have a chance to win. We feel this is a great opportunity for us."
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
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.
Email Paul anytime at firstname.lastname@example.org