BOSTON -- The Senators are the NHL's model franchise, according to Forbes magazine.
In an article published by Forbes yesterday titled "Blood On Ice," the Senators were rated as the best-managed franchise -- just ahead of the Devils and Lightning -- by the U.S. publication.
The Senators may not have won a Stanley Cup, but according to the magazine they've delivered strong results in the last five years based on the amount of wins they have and money spent on salaries.
Though the Senators have a payroll of $34.9 million (all terms US) this season, they never spent anything close to the kind of money Dallas, Detroit, Colorado, Toronto and or the New York Rangers did under the old economic system. The Rangers were named the worst-managed franchise, along with Washington and Anaheim.
SPEZZA, HASEK BARGAINS
Senators centre Jason Spezza ($1.1 million salary) and goalie Dominik Hasek ($1.52 million) were also selected as two of the best bargains in the league.
"I think we do a pretty good job ... especially in a market that is ranked 27th in the league in terms of size," said Senators president Roy Mlakar. "I'm very pleased with what we've been able to accomplish."