The Ottawa Senators spend money wisely or so we’re told by Senators owner Eugene Melnyk.
The owner has thrown around phrases like “cost per point” more often than Chris Neil dishes out hits, but Bloomberg’s Businessweek has released its 2014 rankings of the ‘Smartest Spenders in Sports’.
Their rankings examine franchises from the NFL, NBA, NHL and MLB and rate them according to how much they spent in player payroll for every win during the last five seasons. Each team is compared against the average price per win in its league to produce a score we call the efficiency index. The less a team spends compared with its peers, the lower its score. Playoff victories and championships get extra weight. Payroll data come from the best available published sources.
Much like the Senators’ placement in the standings over the past few years, the Senators finished in the middle of the pack. Using their weighted criteria, they ranked 71st out of the 122 organizations and finished 18th out of the 30 NHL franchises.
The numbers probably aren’t good enough for the Senators to issue a press release.
As a system that rewards cost efficient franchises that have success in the postseason, a Senators team that has averaged only two playoff wins per season in its last five, simply will not fare that well.
The overarching theme of the Senators’ 2013/14 season was money and after listening to ownership’s comments throughout the course of the season bragging about the team’s cost-efficient productivity, these rankings just serve that sect of the fan base that has grown tired of Eugene Melnyk’s message.