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."
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