News Article: NHL must step in to stop shady Senators owner Eugene Melnyk

[L'Aveuglette]

It doesn't afford them any tax advantages that generous donations don't already cover.

They don't get credit for the money raised or spent.

I'm talking about their actual wealth being taxed properly.

 

[Tighthead]

I'm talking about their actual wealth being taxed properly.

But setting up a charity has nothing to do with that. So why link them?

 

[L'Aveuglette]

But setting up a charity has nothing to do with that. So why link them?

I'm just making a general point about how most charities billionaires set up are bull****, and inadvertently(or not), about wealth inequality.

 

[Tighthead]

I'm just making a general point about how most charities billionaires set up are bull****, and inadvertently(or not), about wealth inequality.

Setting up a charity or not has no impact on wealth inequality. It doesn't make it easier to hold on to what you already have.

 

[supsens]

No, they really don't. They get their share of the revenue regardless. If revenue is 5 billion, players get 2.5 regardless of whether the escrow gets set at 8% or at 15%. Sens spending less or more doesn't change what share the players get, but sens pulling in less revenue because they won't ice a competitive roster does.

The players already receive over 50% that’s why they get taxed with escrow, if the sens up the payroll by 20 million and the sens HRR goes up by 10 million this means 5 million goes to the players(50%) the other 15 would also come out of escrow payments from all the other players and be returned to the owners.

 

[supsens]

The guy is claiming that the league and players are happy with Melnyk losing money in Ottawa. I think that rightly deserves to be called out for the immense bs that it.

No I am claiming the players don’t mind if Ottawa has a low pay roll, and the other owners don’t care if Ottawa makes cash or not because it means they can keep the cap down and their own profits up. But if you want to act like the other owners give a crap that the sens fans are unhappy I doubt that very much

 

[Do Make Say Think]

No I am claiming the players don’t mind if Ottawa has a low pay roll, and the other owners don’t care if Ottawa makes cash or not because it means they can keep the cap down and their own profits up. But if you want to act like the other owners give a crap that the sens fans are unhappy I doubt that very much

100% agreed with one caveat:

The players don't care about the payroll until they become UFAs.

I'm sure that Vegas is happy about that fact as well

 

[Micklebot]

The players already receive over 50% that’s why they get taxed with escrow, if the sens up the payroll by 20 million and the sens HRR goes up by 10 million this means 5 million goes to the players(50%) the other 15 would also come out of escrow payments from all the other players and be returned to the owners.

Who is Ottawa signing though? Are we just annulling our current deals and re-signing them at double the price, or giving AHL players giant contracts?

If we start spending to the cap, it just means the UFA's and players we otherwise let go or trade to other teams get offered competitive deals by us, and the overall impact gets spread across the league as the market adjusts to a more competitive landscape with one more bidder. We don't just suddenly spend more in a vacuum. Our signings have implications on other teams signings too.

The whole original post was that we are tanking our revenues, which is bad for all players. Us spending less doesn't benefit anyone in a realistic scenario, it just creates a scenario where there have and have not teams in terms of talent instead of a more even distribution and a less engaging product resulting in decrease revenue overall.

The ideal scenario for players is that every team spends the same amount, whether that be at the cap ceiling, midpoint or floor it doesn't matter, because that results in more parity which means a more engaging product and more revenue. Having a team under spend the way the Sens are currently doing is bad for business which is bad for everyone involved.

 

[Sens of Anarchy]

 

[Do Make Say Think]

He decides to reboot because he wants more credit...

What an arse.

 

[BonkTastic]

If we could develop an internal combustion engine that ran on ego, and could monetize it as fuel, Melnyk would be the richest man in Canada.

 

[Gil Gunderson]

They didn’t even say no. All he had to do was fix that button, but he would rather be a child about it like always.

 

[GWNR]

I still think it's weird the NHL hasn't stepped in.

It just continues to get worse.

 

[Joeyjoejoe]

He decides to reboot because he wants more credit...

What an arse.

Well credit is the only way hes able to run this team and pay the bills.

 

[SensHulk]

I still think it's weird the NHL hasn't stepped in.

It just continues to get worse.

No no according to them he doesn’t deserve all this backlash. He’s ‘fine’

 

[bert]

It just never ends.

 

[slamigo]

I'd really like to know who was paid that $200k for 'consulting fees'.

 

[FolignoQuantumLeap]

He decides to reboot because he wants more credit...

What an arse.

He could be angling for something else. I definitely believe he is petty enough to end it over who gets the credit but with how the Ontario government is planning on moving forward, he could be angling to swoop in to get into the private sector of organ donation. Fewer laws to keep the vultures away, many of the agencies and networks that are gobbled up by this Ontario health mega Corp or whatever they want to call it will start to sub contract out their work including Trillium.

Guys like Melnyk and Doug Ford's friends are salivating at the prospect. The time has is almost here for them after they starve the beast. The press release even mentions they want to model themselves after the university of Pittsburgh organ transplant program.

 

[GrantLemons]

He could be angling for something else. I definitely believe he is petty enough to end it over who gets the credit but with how the Ontario government is planning on moving forward, he could be angling to swoop in to get into the private sector of organ donation. Fewer laws to keep the vultures away, many of the agencies and networks that are gobbled up by this Ontario health mega Corp or whatever they want to call it will start to sub contract out their work including Trillium.

Guys like Melnyk and Doug Ford's friends are salivating at the prospect. The time has is almost here for them after they starve the beast. The press release even mentions they want to model themselves after the university of Pittsburgh organ transplant program.

I think it's always a safe assumption that it's always about cash with Eugene. Whatever gets released to the media is just fluff/bs.

 

[BonHoonLayneCornell]

Stigma around Senators ownership creating concerning low attendance - Sportsnet.ca

 

[Do Make Say Think]

I think it's always a safe assumption that it's always about cash with Eugene. Whatever gets released to the media is just fluff/bs.

Classic Conman behaviour: losing dollars when trying to con pennies.

 

[Joeyjoejoe]

Stigma around Senators ownership creating concerning low attendance - Sportsnet.ca

Why did it take this long for the media to finally start going after the owner?

 

[Do Make Say Think]

Why did it take this long for the media to finally start going after the owner?

Because now is when attendance is going to crater.

Has very little to do with concerns about ownership though, people just know the team is awful and all their favourite players were traded away.

 

[BonHoonLayneCornell]

Why did it take this long for the media to finally start going after the owner?

Intimidation tactics.

Telling Wallace he will "bury him"

Calling Mendes "Bush League"

Revoking plane access to media members for stories published

Holding out on TSN 1200 for interviews

 

[18Hossa]

Why did it take this long for the media to finally start going after the owner?

Even then, its Wayne Scanlan, he used to write for the citizen before he got let go. So he's still pretty much an Ottawa reporter but it is good he can write these pieces for Sportsnet that has a broader audience.