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How convenient: Sharks say they lost $15 million last season

Via Sportsnet, this story from the mercury News’s David Pollak seems incredibly, ridiculously conveniently timed:

The Sharks’ parent company said this summer that it lost $15 million last season despite selling out every game. But the disclosure—coming shortly before the start of NHL collective bargaining talks—wasn’t as surprising as the group’s response.

“We’re OK with that because that’s a decision we’ve made to stay competitive,” said Kevin Compton, referring to the fact his team’s player payroll bumped up against the NHL salary cap.
By all indications, the Sharks again will spend close to the salary cap limit as they attempt to rebound next season—presuming there is no repeat from 2004 when a lockout shut things down. Compton indicated the commitment remains the same, even if a new CBA—one subject he and Sclavos would not discuss—isn’t much different from the current one.

“Have you ever heard us complain about it?” Compton said. “If that changes, I’ll call you.”


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Mandingo's avatar

“Have you ever heard us complain about it?” Compton said. “If that changes, I’ll call you.”

Then why even bring it up?

Posted by Mandingo from The Garage on 08/20/12 at 06:04 PM ET

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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.

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