'" This new economic system is the only way the Buffalo Sabres will survive and be competitive in the years to come. I apologize to everyone who is affected by this unfortunate situation. I am confident the Sabres and the NHL will work through this problem and flourish in the future."'
Archives for September 16, 2004
'“I signed that new deal Monday and now I’m wondering if I’ll ever see one penny of it,” Peters said Wednesday afternoon as news filtered out that the NHL board of governors had given unanimous support to a player lockout. “The way they’re talking, there seems to be no end to this thing."'
A quick look at the Sabres' financial position shows that a prolonged lockout would not hurt the team's bottom line much this season – if at all. Last season, the team lost $8.2 million, the difference between $50.9 million in revenues and $59.1 million in expenses, team officials say. If the lockout lasts all season, the Sabres' revenues basically would disappear, but so would most of the team's expenses. The club would be expected to run a bare-bones, slimmed-down operation if there is no season.'
'Bartovic and Milley weren't sent down because, as veterans with more than three seasons of pro experience, they are subject to waivers. Instead, they very likely will sign American Hockey League contracts with the Amerks, making them eligible to play during the lockout. The same is expected to be done with veteran forwards Chris Taylor and Jason Botterill and defensemen Todd Rohloff, Brandon Smith, David Cullen, Janik and Steve Lingren.'