Eugene Melnyk

Under Pressure: Eugene Melnyk

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“Under Pressure” is a preseason series we’ll be running on PHT. For each team in the NHL, we’ll pick one player, coach, GM, mascot or whatever that everyone will be watching closely this season. Feel free to play the song as you read along. Also feel free to go to the comment section and tell us we picked poorly.

For the Ottawa Senators we picked…owner Eugene Melnyk.

The only owner we picked for this series (congratulations?), Melnyk is under pressure because, well, to put it bluntly, nobody seems to know if he’s super rich anymore.

He’s not really acting like a super rich guy. From allowing beloved captain Daniel Alfredsson to sign with Detroit, to fighting with the city over a casino, there’s a reason people are wondering if he’s got deep enough pockets to maintain his ownership of the Sens, a team he claims to have lost almost $100 million on.

From an Ottawa Citizen story on Melnyk in July:

What is his net worth now? It’s hard to say. Over the past decade, he has cashed in shares valued at hundreds of millions of dollars — but he is also a heavy spender. He divorced several years ago and maintains a small army of thoroughbred horses in Florida and a mansion in Barbados. His investments in biotech firms Trimel Pharmaceuticals and PurGenesis of Quebec have not been cheap. Forbes Magazine estimates his Senators are worth $220 million U.S. as a team, though it is also carrying about $130 million U.S. in debt.

Let’s put it this way: Melnyk is behaving as though he no longer has unlimited resources — which is not a bad thing for any business owner. Whether it means he is now considering options such as lining up another equity partner for the Senators or perhaps selling the team outright, is not yet clear.

Melnyk, who made his fortune in pharmaceuticals, has stated strongly that the Sens are not for sale. But at the very least, they’re clearly on a budget. According to CapGeek, they have the third-lowest payroll in the NHL, spending more than only the forever-cash-strapped Islanders and rebuilding Flames.

It begs a bunch of questions: Will the Sens get the go-ahead to add salary at the trade deadline, assuming they’re in a position to make a run at the Stanley Cup? What is Milan Michalek’s future with the team, given he can become an unrestricted free agent next summer? What is the future for Jason Spezza and Bobby Ryan, each of whom can become UFAs the summer after that?

“You can spend to the cap — it’s very easy. Any idiot can do that,” Melnyk said last year.

And it’s true — any idiot can do that. But it’s also true that the majority of recent Cup-winning teams have been teams that spend to, or very near, the upper limit. And right now, that’s not the Sens.

For all of our Under Pressure series, click here.

‘Like a 1988 Smythe Division game’ – Caps, Pens react to wild 8-7 game

WASHINGTON, DC - NOVEMBER 16: Dmitry Orlov #9 of the Washington Capitals collides into Brian Dumoulin #8 of the Pittsburgh Penguins after scoring a goal during the second period at Verizon Center on November 16, 2016 in Washington, DC. (Photo by Patrick Smith/Getty Images)
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It’s no surprise that Justin Williams, a player who earned the clutch nickname of “Mr. Game 7,” provided the money quote for the Pittsburgh Penguins’ wild 8-7 overtime win against the Washington Capitals.

“It snowballed too quickly for us,” Williams said, according to Caps’ website Dump n Chase. “All around, it was like a 1988 Smythe Division game out there, not something we want to do.”

Penguins-turned-Capitals defenseman Matt Niskanen also echoed one of the points from the game’s recap, stating that the contest had “four of five turning points.”

You could probably spend hours pouring through all the oddball stats that sprouted up from this game.

While Williams and Niskanen provided some of the better quotes, most of the players were reduced to using the same word that, frankly, most of us were rolling out.

(Aside from those of us who were spouting expletives at perceived missed calls, particularly on the losing end.)

In admitting that he couldn’t explain the second period, Penguins head coach Mike Sullivan probably described the entire game most accurately:

Either way, it was a lot of fun. Let’s do this in the playoffs, too, shall we?

/scans online for a budget defibrillator.

Video evidence that Mike Smith isn’t tanking

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The Arizona Coyotes are really bad, but you could argue that Mike Smith is why the Colorado Avalanche owns the NHL’s worst record instead.

He came into tonight’s eventual 3-1 loss to the Edmonton Oilers with a sparkling .918 save percentage, and while he couldn’t save the Coyotes, he did rob of Jordan Eberle on what seemed like a sure goal.

Watch that great save in the video above, and maybe wonder if Smith didn’t get the memo about the whole “tanking” thing.

Penguins out-gun Capitals in absurd, controversial 8-7 OT thriller

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Leave it to number 87 to win an 8-7 hockey game.

Evgeni Malkin grabbed a hat trick during that patently absurd second period, yet it was Sidney Crosby who helped to create the overtime game-winner (credited to Conor Sheary) as the Pittsburgh Penguins edged the Washington Capitals on Monday night.

No doubt about it, there was some controversy, including on that clinching goal. And not just because the tally survived the review process:

MORE: Watch the full overtime here. Check this post out for additional information on that zany second period.

Regardless, the Penguins’ three-game losing streak ends (as does Washington’s nine-game winning run). The Caps at least got a standings point out of the deal, which seems pretty fair when you consider the fact that they scored a touchdown and extra point’s worth of goals in this one.

(Yes, there were NFL jokes on Twitter.)

Malkin’s hat trick goal and Crosby’s fourth point both demanded official reviews, but both also stood. Capitals fans are probably upset with this game, especially since you could make a legitimate argument that T.J. Oshie should’ve drawn … you, know, at least one penalty:

Instead, you could argue that Patric Hornqvist‘s hit on Oshie ended up being a turning point of the game in Pittsburgh’s favor, although you could also argue that even M. Night Shyamalan couldn’t keep up with all of the twists.

Roberto Luongo captured the mood of the three goalies involved (Braden Holtby got the hook after allowing five goals over a zany 8:09 span) and likely the coaches, too:

To recap, Malkin had that hat trick, Crosby scored a goal and three assists and Sheary generated a three-point night (two goals, one assist). Trevor Daley generated three assists while Justin Schultz did it one better with four.

Oshie collected a goal and two assists, Lars Eller generated two big goals and Alex Ovechkin chipped in two helpers of his own.

The goalie stats, were, well … (see that Luongo tweet).

***

Overall, it was a messy, unpredictable, staggering and sometimes controversial game.

Normally, one might say that this is just what you’d expect from a Capitals – Penguins contest. Can anyone really argue they expected this explosion, though?

Do yourself a favor and watch the highlights, as there were so many exciting moments and goals that it’s difficult to summarize them all in one recap. Heck, if you just watch the highlights of the night for Crosby and Malkin, you’re likely to be highly entertained.

If we’re treated to another contest between these teams in 2016-17, it will be in the playoffs. Plenty of hockey fans would love to see that, at least if their hearts can take it.

Just about everything happened in second period of Capitals – Penguins

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Update: The game only slightly slowed down after the second period, as the Penguins ultimately edged the Capitals 8-7 in overtime. Read all about it here.

This post goes into greater detail about the second period, which is worthwhile … because it was a brain-full.

***

Let’s just take a second to step back and rub our eyes in disbelief at this Washington Capitals – Pittsburgh Penguins game, particularly the just-passed second period.

Basically everything is happening.

Evgeni Malkin is now at 21 goals on the season as he generated a hat trick in the middle frame. That third goal will be highly – and understandably – contested thanks to possible goalie interference by Patric Hornqvist.

At his best, Hornqvist is in the thick of things, and that was certainly the case on Monday. Granted, this hit on T.J. Oshie was questionable:

Braden Holtby was chased from the Capitals net after the Penguins reeled off five goals in 8:09, which you can view here:

The Capitals brought a 2-0 lead into the second period and fattened it to 3-0. After that, the Penguins built a 5-3 lead with the flurry from above.

Brett Connolly made it 5-4 just 30 seconds after Malkin’s second goal, while Lars Eller tied it up at 5-5 about two minutes later.

That tie lasted … less than 30 seconds, as Malkin’s third tally made it 6-5 for the Penguins.

There’s a bunch of other stuff that happened, too, probably.

/catches breath

You can watch the rest of the game on NBCSN, online or via the NBC Sports App. Here’s the livestream link.