Found August 20, 2012 on Kukla's Korner:
Via Sportsnet, this story from the mercury News’s David Pollak seems incredibly, ridiculously conveniently timed: The Sharks’ parent company said this summer that it lost $15 million last season despite selling out every game. But the disclosure—coming shortly before the start of NHL collective bargaining talks—wasn’t as surprising as the group’s response. “We’re OK with that because that’s a decision we’ve made to stay competitive,” said Kevin Compton, referring to the fact his team’s player payroll bumped up against the NHL salary cap. ... By all indications, the Sharks again will spend close to the salary cap limit as they attempt to rebound next season—presuming there is no repeat from 2004 when a lockout shut things down. Compton indicated the commitment remains the same, even if a new CBA—one subject he and Sclavos would not discuss—isn’t much different from the current one. “Have you ever heard us complain about it?” Compton said. “If that changes, I’ll call

Insolvency in the City? Not So Much

As was reported today by the ever impressive David Pollak, the Sharks saw a shortfall of $15 million last season. This despite always having (paid) sellouts, charging $8 bucks for a beer, and way too damn much money for chicken strips sans fries. Unsurprisingly, some fans balked at the figure; 15 million is a lot of dough to be down with "nothing" to show for it, yet The...
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