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Report: Sens TV deal could be worth $400 million

Jan 29, 2014, 3:23 PM EDT

Eugene Melnyk Getty Images

From the Ottawa Sun:

The Senators could gross up to $400-million as result of their new broadcast deal with Bell Media, the Ottawa Sun has learned.

League sources told the Sun the 12-year agreement the Senators announced to televise their regional games on TSN and continue with radio broadcasts on TSN 1200 is massive. While neither side will discuss the numbers, the belief is by the time this deal ends the Senators could be earning more than $30 million per season from the local broadcast rights.

If those numbers are accurate, this deal should go a long way towards helping the Sens regain their financial footing. No doubt TSN’s loss of the national rights package to Sportsnet put owner Eugene Melnyk in a great bargaining position.

By the way, the Sens could be an interesting team to watch leading up to the trade deadline. Combine this deal with their plethora of cap space and it’s not unrealistic to wonder if more talent could be on its way to Ottawa.

  1. rdk - Jan 29, 2014 at 3:28 PM

    Who cares? They’re getting soon-to-be worthless CAD and have to pay player salaries in USD.

    The gravy train that was parity between currencies is over for the NHL.

    • spezzdispenser - Jan 29, 2014 at 3:42 PM

      You’re a joke

      • President Charles Logan - Jan 29, 2014 at 11:18 PM

        hey spezzdispenser , the only joke is your bottom feeding cupless team

    • kaptaanamerica - Jan 29, 2014 at 6:07 PM

      are you an economist? the C$ is forecasted to stay near parity for a long time to come, especially if Dems continue to rule the roost down there… the only way the US$ rises if someone like Romney starts to run the country, a guy with a clue…

      • rdk - Jan 29, 2014 at 6:26 PM

        Read the news. CAD hasn’t been close to parity for weeks. The new bank chief Poloz is buddies with Mohan, the guy making the claims. His previous job was head of Export Development Canada. And if you know anything about Economics, you know that a sinking currency benefits exporters (i.e. Harper’s oil buddies)… the same exporters that are part of the Export Development Canada organization. Flaherty is creaming his pants as we speak.

      • rdk - Jan 29, 2014 at 6:35 PM

        Also, it’s obvious that you don’t know the first thing about the US economy if you think it’s about Obama and Romney instead of Bernake, Yellen, QE, and HFTs.

        Here you go, I did the research for you:

        http://www.bloomberg.com/news/2014-01-28/poloz-in-joint-export-push-has-investors-targeting-canada-dollar.html

      • kaptaanamerica - Jan 29, 2014 at 7:11 PM

        yeah, read the news from a few months back and the same news outlets were writing about a slow decline of the dollar from even or above to around 90 cents. the change in investor sentiment about the BoC has lead to a decline since interest rates aren’t expected to rise, but rather go down to try and boost the Cdn economy. It doesn’t help that commodity prices are expected to decline or remain soft. the same investors will boost the c$ if they suddenly feel China/ India will start consuming commodities and raise prices of those. there’s more than one factor driving the C$ to US$ fx rate…

        for the most part, as long as China and India economies are expected to grow at 5-10% per year, and oil prices stay high, expect the C$ to stay around .90$ and above, which is pretty near parity when you consider the c$ was about .6$ ten or so years ago…

        Also, its the president that appoints the treasury secretary and fed reserve board of gov and chairman… if you have a left wing socialist communist in charge of the government he’s not likely to appoint economy boosting capitalists..

        http://www.federalreserve.gov/pubs/frseries/frseri.htm

      • rdk - Jan 29, 2014 at 7:46 PM

        Lol, it’s totally a socialist communist Obamination.

      • kaptaanamerica - Jan 29, 2014 at 8:20 PM

        lols, its lols all around, either that or cry i suppose. with the US turning into a presidential monarchy with the senate acting as the landed elites (ie: nobles, aristocrats) the only law is the one decided on whims of the president aka the reigning monarch.

      • dirt2013 - Jan 29, 2014 at 10:34 PM

        Does Canada put their economy on hold when 1/3rd of the country goes south for the winter?

  2. muckleflugga - Jan 29, 2014 at 3:44 PM

    Ottawa CIS

  3. hockeyflow33 - Jan 29, 2014 at 3:51 PM

    How long until he claims his tv deal is losing money?

  4. imgoingtowichita - Jan 29, 2014 at 3:55 PM

    Great deal. I’m happy for the employees of the organization. They deserve some good news in that tough market.

  5. jernster21 - Jan 29, 2014 at 6:02 PM

    I’m sure he’ll line his pockets but complain the team is still losing money…but not enough to warrant selling the team, but he’ll complain about that too.

    • hockeyflow33 - Jan 29, 2014 at 7:24 PM

      All those private investigators aren’t cheap

  6. esracerx46 - Jan 29, 2014 at 6:24 PM

    Did you see Halford’s comment on Girardi and Callahan and felt compelled to use a synonym for cash? Or just chalk one up to pure irony?

  7. buysamadrink - Jan 29, 2014 at 8:58 PM

    That kind of coin will buy a whole team of forensic experts along with a psychologist to treat the corresponding paranoia and delusion.

  8. President Charles Logan - Jan 29, 2014 at 11:19 PM

    wont matter … they still cant and wont be able to buy or produce a winner

  9. uscthom78 - Jan 30, 2014 at 7:24 AM

    Melynk going to pocket 25 million, set aside 4 million to have William Petersen and David Caruso on retainer and maybe $1million for player salaries.

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