More Melnyk on finances and ‘the best young team in the NHL’

Earlier this week on Fan 590 in Toronto, analysts Doug MacLean and Nick Kypreos speculated openly on the air about the state of the Ottawa Senators’ finances, claiming the team lost $14 million last season and that owner Eugene Melnyk was considering selling the team.

Earlier this week on Fan 590 in Toronto, analysts Doug MacLean and Nick Kypreos speculated openly on the air about the state of the Ottawa Senators’ finances, claiming the team lost $14 million last season and that owner Eugene Melnyk was considering selling the team.

Melynk did his best to debunk those ideas in an interview with our Wayne Scanlan (you can read the transcript here), and then went on Bob McCown’s show on The Fan yesterday evening.

McCown asked Melnyk to respond to “Dumb and Dumber” (that must be an awkward head-nod while passing in the halls) and the Senators owner expanded on his money situation. Melnyk said that because many of his bigger contracts were front-end loaded, the team is actually getting into a better financial situation every season.

Well, sort of. Jason Spezza is due $8 million this season and next before his salary dips to $5 million then $4 million. Daniel Alfredsson’s deal plummets from $4.5 million this season to $1 million next. That helps, but Milan Michalek climbs to $6 million in a couple years and the likes of Chris Phillips, Bobby Butler, Craig Anderson and others get marginal raises, while five players are pending RFAs. The biggest name there is Erik Karlsson, a young all-star who is going to get big bucks.

Melnyk credited the fans here for embracing the rebuilding effort, saying they were very smart and understood the philosophy behind it. He recounted sitting down with Bryan Murray and deciding his team “sucks.” Now he claims to have “the best young team in the NHL.” The Edmonton Oilers might have something to say about that.

You can listen to the whole Melynk interview here.

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