Sabres: NHL deal lets us compete

Via: Rochester D&C

'"There's no secret that my first full year as owner (2003-04) we lost $10 million," Golisano said. "You can't do that many more years after one. Before this new agreement, 19 of 30 teams were losing money and there was the chance of two or three teams dropping off every year. But we have a financial system now that makes every team viable."'