TSN: Krueger and Staff rejected more pay cuts
- Thread starter Buffaloed
- Start date
I wonder how many office workers lost their jobs because the staff rejected pay cuts?
To be clear, I don't feel like they HAD to take pay cuts but when every other staff in the league did and Krueger didn't.... says a lot about the character of the man.
To be clear, I don't feel like they HAD to take pay cuts but when every other staff in the league did and Krueger didn't.... says a lot about the character of the man.
Buffaloed
webmaster
Gabrielor
"Win with us or watch us win." - Rasmus Dahlin
Meanwhile, White, McDermott, and Dawkins are doing fine.
Nothing against those 3, but clearly more than saving money is going on.
Nothing against those 3, but clearly more than saving money is going on.
Sabre Dance
Make Hockey Fun Again
- Jul 27, 2006
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Buffaloed
webmaster
They don't trust the Pegulas. No one has lost their job because of this. The layoffs occurred when they were taking 20% less. Terry Pegula says there's no financial situation.
JThorne
Stop accepting failure
It doesn't look good when Billionaires are shelling out hundreds of millions of dollar contracts on one team and asking the other to take multiple pay cuts. Saying that the Pegulas(no apostrophe!) are sick of paying for a losing club, doesn't take into account that Krueger hasn't been here a full season. And Adams hasn't been here but a few months. They refuse to look in the mirror at the optics of what they do as an all encompassing PSE.
At this point, I wouldn't trust either Pegula at their word. They are not the down home types they portray themselves as.
At this point, I wouldn't trust either Pegula at their word. They are not the down home types they portray themselves as.
cybresabre
prōject positivity
To be fair to the character of the man, it says they already took a 20% pay cut from April til July, now the billionaire owners are asking the workers to make more sacrifices. Pitting worker against contracted worker is silly when the owners should have skipped a couple of lattes, maybe shaved a deck off the next superyacht, and saved for when times were lean.
sabremike
Friend To All Giraffes And Lindy Ruff
Wish Pegula would buy Rangers (The Sevco ones, not the NY ones) so I could enjoy seeing them go bust again.
Buffaloed
webmaster
Seeing as there's no financial issue according to Terry, this season should be a golden opportunity to fleece teams that have a financial issue of good players.
La Cosa Nostra
Caporegime
- Jun 25, 2009
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One league makes every team a guaranteed profit from its TV contract. The others revenues per team is lower then 7 other league/sports [nfl, nba, mlb, nascar, epl, la liga, and Bundesliga )
Doug Prishpreed
Registered User
They had already taken a 20% cut, so it's not really true that they're the only team whose coaches didn't agree to pay cuts. They just took them earlier. If they agreed to another 25%, they'd be in the same place as the Ottawa coaching staff (50%) where they had to ask the NHL to step in. Pegulas are closer to Melnyk in this situation than this article indicates.
enthusiast
cybersabre his prophet
- Oct 20, 2009
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Whoa now. Pegula's laying people off is not to due to people taking their contractually guaranteed salaries. It's due to the Pegula's making business decisions.
WeDislikeEich
Registered User
- Jun 22, 2015
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“Almost universally, NHL coaches – high up on the front office food chain – accepted the reductions without complaint because doing so meant that layoffs would not be necessary for other hockey operations positions, including scouts and analysts.
But the Sabres were already operating with a lean staff after 22 people were fired by the club in a June 16 bloodletting that began with GM Jason Botterill. Teams had leverage with ‘force majeure’ clauses in contracts, but those were not applicable once training camps began again and league play as a whole was no longer suspended.”
He already took a 20% pay cut and refused a second. I don’t blame him. Other coaches did it to save scouts and other staff. But that’s not the case here. The Sabres had already fired 1/2 of their staff and are now asking Krueger to take on a larger role in order to fill the void from all the firings, + working with a totally inexperienced rookie GM. Sounds like Adams plans to lean on Krueger a lot (from what he’s said in interviews).
Doug Prishpreed
Registered User
Maybe it's good that Adams will have to rely on Kruger more -- he's the only person with any experience managing a large sports organization to be involved with the Sabres since Darcy was fired in 2013.
The Shadow
Registered User
- Feb 9, 2013
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you judge a mans character for not wanting to have his salary cut? That is laughable
he has every legal right to object after already seeing a pay decrease
SackTastic
Registered User
- Mar 25, 2011
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Exactly.
The first pay cut was a nice gesture, but not required obviously. Asking for a second one is fairly insulting.
During good times, when people under contract want a bigger slice of the pie they helped create, people say "Oh, you have a contract! Sorry!"
During bad times, it's garbage for the owners to keep asking the contracted employees take a haircut to save the non-contracted employees. Contracts work both ways.
It's the way business is taught these days though; owners think they should never assume any risk, but are entitled to all the rewards.
- Aug 19, 2005
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Many are on the brink of insolvency as it is, and sustain themselves through heavy borrowing. So many will blow up over the next 12-24 months, and I think it's reasonable to conclude the Pegulas will be on that list. Their empire is imploding fast.
buffalowing88
Registered User
Yeah, it's stupid to attack the Pegulas from that vantage point. There's a bunch of other reasons to call them out, but they are savvy enough to know that the Bills are abundantly more valuable than the Sabres. Comparing the two is apples to oranges. Hockey is a niche sport, football is the national pastime.
Beerz
Registered User
- Jun 28, 2011
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Oh my. This is some good stuff right here.
Owners assume the majority of risks in a business.
There is absolutely nothing wrong with the owners asking their higher ups to take a pay cut ...once or twice. And there is absolutely nothing wrong with the employees declining to take a pay cut the first or second time.
enthusiast
cybersabre his prophet
- Oct 20, 2009
- 18,639
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Paxon
202* Stanley Cup Champions
I assume Ralph makes a good chunk but beyond that how much savings would even be made from the rest of the staff taking a reduction? Seems like a negligible amount in the grand scheme of billionaires running two major sports franchises.
