Melnyck is CFL rich, not NHL rich.
Outside of the big market / original 6 teams, NHL franchises mostly run at a small operating profit, or even maybe a small loss. But they tend to be owned by people for whom cash flow is not an issue and they are focused on making money on:
* Long term valuation increase of the team
* The arena itself
* Real estate adjacent to the arena
* Other businesses adjacent to the arena
Melnyk is not in that kind of position. He has cash flow issues and can't afford to run the team in the negative. His ability to earn money on supplemental development around the arena was cut off at the knees long before he bought the team and he no longer has a path to a new building downtown that could help rectify this, nor does he have the financial means to do it hence the Lebreton partnership that blew up when he decided to behave like a jackass.
The result is what you see; in a year where gate revenues will probably be the lowest since the team moved to Kanata our actual dollars spent on players on the ice will be the lowest in the league, well below the salary cap, and front office spending is cut to the bone. And when star players need contracts they are dealt because Melnyk is not in a position to front load signing bonuses and/or offer lockout protection, which has become de rigeur for those kinds of players.
Melnyk needs to either partner or sell to someone with real money who can get a building built and earn money from sources that are not gate, TV and revenue sharing. Until he does nothing will change here, and we're going to spend years lost in the NHL wilderness.
As a result I'm not going to get invested in watching a "rebuild" knowing that players will be dealt for financial reasons. And then the franchise will try and pin that on the player, when the real reason is the owner.