Eugene Melnyk

Under Pressure: Eugene Melnyk


“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.

Video: Pekka Rinne’s zero-margin-of-error stick save

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Sometimes, the Nashville Predators were unlucky in November. Sometimes they were just bad.

Either way, they’re likely glad to step into December, and they’ve already gotten a big bounce. Watch how close this near-goal was into crossing the red line before Pekka Rinne barely stopped it with a well-placed goalie stick.

You can also see it up close via this GIF:

Here’s the NHL Situation Room Blog explanation for it remaining a no-goal:

At 13:06 of the first period in the Coyotes/Predators game, the Situation Room initiated a video review to further examine a play from 11:57. Video review confirmed the call on the ice that the puck did not cross the Nashville goal line. No goal Coyotes.

Alexei Emelin was ejected for this hit on Matt Calvert

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Alexei Emelin has been in and out of the Montreal Canadiens lineup, but this wasn’t the way they wanted him to keep his legs fresh.

The hard-hitting defenseman received a game misconduct and five-minute major penalty for a late hit on Columbus Blue Jackets forward Matt Calvert on Tuesday.

So far, it sounds like Calvert may be OK.

You can see video of that hit above, as well as a GIF of the infraction via My Regular Face.

Many believe that Emelin should not have been ejected.

Injuries continue to dog Lupul as Leafs place him on IR

Joffrey Lupul
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Injuries have been a regular problem for Joffrey Lupul for much of his time with the Toronto Maple Leafs, and it doesn’t look like that’s changing in 2015-16.

The team placed him on injured reserve retroactive to Nov. 28, calling up Rich Clune in the process.

This IR stint means that Lupul will miss at least three games for Toronto.

From the sound of things, it’s a nagging issue, as notes.

“He’s been having the same problem here for a bit,” Mike Babcock told media members on Sunday. “He doesn’t seem to be getting the power back that they thought, so we’re just trying to monitor it the best we can.”

Leafs Nation points out that Lupul has missed about one-third of Toronto’s contests since suffering a separated shoulder in April 2012.

At 32, there’s still time for Lupul to fight through this, although injuries generally accumulate with age.

WATCH LIVE: Wild at Blackhawks; Penguins at Sharks

Scott Darling, Charlie Coyle
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Will Ryan Suter say something foolish during tonight’s game? Is Brent Burns‘ beard so long that it’s finally starting to scrape the ice?

We’ll find out the answer to those questions and more during Tuesday’s NBCSN doubleheader.

Need to follow the two games online? Never fear.

Game 1: Minnesota Wild at Chicago Blackhawks


Game 2: Pittsburgh Penguins at San Jose Sharks