Daily Archives: December 10, 2008

Bad Data Here

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As I noted many months ago, the Washington Capitals were experiencing strong growth in revenues and in attendance. That is the good news.

BUT we have grown our payroll and related expenses faster than we have grown our revenues so we will LOSE more money this season than we did last season. And that loss will be way more than $5 million for the year.

But there is good news. We can’t grow our payroll anymore. We are at the cap max basically so any additional revenue growth cuts into the losses. The business model is not fixed but it has improved dramatically with the new CBA for us in DC. Thanks to our fans but we have miles to go before we sleep. I would be celebrating if we lost $5 million this year on our hockey team. That would mean we would have won a Stanley Cup in four 7 game series. :-)  Even then, I bet our loss would be more than $5 million.

The Long Road Back

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This is a great story, well researched and very humane. Thank you Corey.

I was in Boston the night Brian Pothier was hurt. I could hear the sound from my box and it was quite a violent hit.

I pray that Brian recovers fully as a friend but, most importantly, as a dad and husband. Then I hope he makes it back to our blue line. We miss you. Get well soon.