By now I’m sure everyone has read the proposed rules NHL GM’s were presented at last week’s meeting. Speculation has been plentiful and we’ve even heard The Creator himself was giddy over what might be of his inaugural team.
But there are two sides to the coin. For as excited as we’ve been here in Vegas, owners, GMs, and media types are terrified of what may happen to their team when Vegas enters the league.
The Vegas team if that’s the one chosen, they paid $500 million for the privilege of picking – these players they are going to get, you guys have done the analysis. They’re going to be some good players we can’t protect because of the numbers. – Eugene Melnyk, Ottawa Senators Owner
He also went as far as to say the rules could be killer for certain teams. He did drop the word “privilege” though, which shows he understands why the rules are as they are.
Melnyk and the rest of the owners may not like what could happen to their teams, but they likely live with it because of the $16.5 million check they’ll be seeing when Las Vegas enters the league.
The bitching and moaning is only going to intensify as more information comes out about how Vegas’ team will be constructed in its first year. However, it’s on the league and the owners for asking The Creator for $500 million for his team.
Columbus, Nashville, Atlanta, and Minnesota each paid $80 million. The Islanders were recently sold for $485 million, which many thought was way too high. And currently according to Forbes, nearly two thirds of the league’s franchises are valued at less than $500 million.
This isn’t your standard expansion team, and that’s not Las Vegas’ fault. We are lucky enough to have an owner who is willing to pay the ridiculous price, and at no point has anyone (aside from Dana a few times) complained about the number. Now that everyone’s seeing what that price paid for however, they are starting to get concerned.
Well, tough break. You set the price, our guy paid it. Now it’s time to give him what he bought and live with the consequences.