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.

Against the odds: Team Europe provides Team Canada’s most difficult challenge in World Cup

TORONTO, ON - SEPTEMBER 29: Team Europe looks on after their defeat to Team Canada for the World Cup of Hockey Championship during Game Two of the World Cup of Hockey final series at the Air Canada Centre on September 29, 2016 in Toronto, Canada. Team Canada defeated Team Europe 2-1.  (Photo by Peter Power/Getty Images)
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The World Cup of Hockey is over. It received praise and it received criticism in its return.

In a twist from previous tournaments, organizers decided to field a Team North America, consisting of players under the age of 23 from the U.S. and Canada, and a Team Europe, consisting of players from eight different countries outside of Sweden, Finland, Czech Republic and Russia.

Both teams were called gimmicks.

Against the odds — 33/1 to win the tournament when it began — Team Europe overcame a sluggish start in the pre-tournament round to nearly force a third and decisive game in the World Cup final versus powerhouse Canada.

At the beginning, the addition of Team Europe, led by Anze Kopitar, to this competition looked to be a regrettable idea. Team North America skated them into the ground in those pre-tournament games.

Team Canada’s depth and skill was something to behold. Many of this team’s players have come together at the Olympics, and before that, the world juniors. This should give you an idea of their domination the last six years: Sidney Crosby is now 25-0 in his last 25 games for the Canadian national team dating back to the 2010 Olympics, according to the NHL.

After being by far the best team in this tournament through the round robin and semifinal, Team Canada was tested in the final. On Thursday, Team Europe played great for 57 minutes and was that close to winning the game, before Canada’s improbable comeback.

“They played their hearts out. When you see the minutes on some of the guys and you see the effort of players that reached for their potential all the way through the game, it’s extremely painful to see the final result,” Team Europe coach Ralph Krueger told reporters.

“But I feel nothing but pride of the way this group performed today, the challenge they put up against Canada. This group just continued to surprise and beat the odds and beat the thoughts of everybody that was watching.

“I think we turned this into a hell of a final, which nobody expected, and it was certainly the best game played by anybody against Canada in this tournament was today. And now we have to digest it.”

Not bad for a team considered to be a gimmick.

Video: Brad Marchand buries late short-handed winner for Team Canada

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On Monday, Brad Marchand signed a lucrative eight-year, $49 million contract extension with the Boston Bruins.

On Thursday, he scored the winning goal — on the penalty kill — for Team Canada, as it fought back to win Game 2 of the World Cup final by a score of 2-1. Patrice Bergeron and Marchand scored 2:09 apart late in the third period, as the Canadians came back to stun Team Europe, which had controlled a good portion of Thursday’s game.

While it had been the line of Bergeron, Sidney Crosby and Marchand that had caused the opposition problems in this tournament, Jonathan Toews actually set up the winner, as he rushed up the ice on the penalty kill and dropped to Marchand.

The Bruins forward then ripped a shot past Jaroslav Halak.

Not a bad few days for Marchand.

Team Canada stuns Team Europe with late comeback to claim World Cup

TORONTO, ON - SEPTEMBER 29: Patrice Bergeron #37 of Team Canada is congratulated by his teammate Steven Stamkos #91 after scoring a third period goal during the third period during Game Two of the World Cup of Hockey final series at the Air Canada Centre on September 29, 2016 in Toronto, Canada. The Team Canada defeated the Team Europe 2-1.  (Photo by Peter Power/Getty Images)
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John Tavares hit the post on a wide open net. Steven Stamkos whiffed on a one-time slap shot attempt. And Team Europe shut down every other player wearing red and white — for about 57 minutes.

Yup. It looked like it would be that kind of night for Team Canada.

After running through the World Cup competition during the round robin and semifinal portions, Canada was facing the possibility it could suddenly be forced into a third and decisive game against an underdog Team Europe.

Cue an improbable comeback.

Down 1-0 and finding it difficult to get anything going offensively, it started for Team Canada with a power play goal on a deflection from Patrice Bergeron. And then, with 44 seconds remaining in regulation time, the Canadians struck again, this time on the penalty kill, as Jonathan Toews set up Brad Marchand for what turned out to be the winning goal.

Team Canada, which has won back-to-back gold medals at the Olympics, claims the World Cup, winning Game 2 on Thursday by a final score of 2-1. Sidney Crosby was named tournament MVP.

As per David Amber of Sportsnet, Crosby joins Joe Sakic as the only two players to win the World Cup, Olympic gold, world championships, world juniors, Stanley Cup, Hart Trophy and the Conn Smythe Trophy.

Team Canada had surged by its opponents thanks to such a deep, skilled lineup and the goaltending of Carey Price. But after taking the first game of this best-of-three series, the Canadians looked completely out of sync in the second act.

They weren’t the faster team, especially in the first period.

They turned the puck over. They gave up too many odd-man rushes. Their power play didn’t capitalize — until it mattered the most.

If it weren’t for the play of Price, this one could’ve been a blowout. His best save came off Marian Hossa late in the third period.

Since the elimination of Team USA, Team North America, Team Russia and Team Sweden, it seemed like the drama would be drained from this tournament as it came to its close, the Canadians looking like a runaway champion.

The final seemed like it was only a formality.

For a long time Thursday, it looked like Team Europe could actually force a Game 3. But Canada has found another way to win.

But this time, it was far from a dominant effort.

Report: No timetable for Sharks’ Meier to return from illness

SUNRISE, FL - JUNE 26:  Timo Meier poses for a portrait after being selected ninth overall by the San Jose Sharks during the 2015 NHL Draft at BB&T Center on June 26, 2015 in Sunrise, Florida.  (Photo by Mike Ehrmann/Getty Images)
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Timo Meier and the San Jose Sharks aren’t taking any chances.

An illness, reported to initially be strep throat, has kept the prospect forward off the ice for five straight days, as per Kevin Kurz of CSN Bay Area. There is no timetable for his return, the report adds, and that could have an impact on whether Meier makes the Sharks roster out of training camp.

From CSN Bay Area:

The illness has likely diminished Meier’s chances to make the opening night roster, as he’ll miss the Sharks’ second preseason game on Friday and will probably not be in any condition to play on Sunday in Vancouver, either. It was thought before camp that the ninth overall pick from the 2015 draft was ready to seriously challenge for a spot on the Sharks, perhaps even as a replacement for Tomas Hertl on the top line if Hertl becomes third line center.

Meier spent last season in the QMJHL, where he scored 34 goals and 87 points in 52 games split between the Halifax Mooseheads and Rouyn-Noranda Huskies.

It was around this time last year the Sharks sent Meier back to junior, after he left quite an impression on the Sharks coaching staff during the preseason.