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Blues owner says team’s cap number will be ‘very respectable’

Jun 2, 2014, 2:54 PM EDT

2012 NHL Entry Draft - Rounds 2-7 Getty Images

From the Post-Dispatch’s Q&A with Blues owner Tom Stillman, on his team’s current financial state:

Q: How is the organization doing financially?

Stillman: We’re doing better. We’re more stable. But we have a ways to go to reach our goal of being a really sound, stable franchise with a secure long-term future. We still have some work to do.

Q: The 2013-14 season was one in which the NHL salary cap came down and the Blues’ payroll increased, putting the club near the $64.3 million cap ceiling. With the cap projected at $71.1 million in 2014-15, where do you foresee the club’s budget?

Stillman: We haven’t decided on an absolute, final salary number, but I know that we’ll put a competitive team on the ice and our cap number will be very respectable.

Per CapGeek, the Blues have 18 players signed for next season, for a cap payroll of just over $48 million. So even with an internal budget and RFAs like Patrik Berglund, Vladimir Sobotka and Jaden Schwartz to re-sign, there’s room for general manager Doug Armstrong to operate in free agency, if that’s an avenue he wants to explore. A second-line center may be worth adding, at the right price.

Stillman took over as owner two years ago, making no promises to spend to the cap. Obviously, the team’s first-round elimination in this year’s playoffs didn’t help, financially speaking. St. Louis had just three home playoff dates, the same disappointing number as last year. The Blues have won just two playoff series since reaching the conference finals in 2001.

Related: Armstrong wonders if the Blues need a ‘different formula’ on offense

  1. matt14gg - Jun 2, 2014 at 2:58 PM

    That’s the kind of thing no fan wants to hear. That’s just a nice way of saying ‘…there’s no way we’re spending to the cap…’

  2. jpat2424 - Jun 2, 2014 at 3:00 PM

    Who cares

  3. purpleguy - Jun 2, 2014 at 3:45 PM

    That’s like your buddy saying the upcoming blind date is a real nice person.

  4. djshnooks - Jun 2, 2014 at 4:35 PM

    Spending to the cap does not automatically mean you will have a good team and win.

    Terry Pegula

    Ps. Ville Leino says hello.

    • chanceoffleury - Jun 2, 2014 at 10:16 PM

      Yeah, but take a look at every recent cup finalist since the modern cap was instituted. All of them spent up to about $1-2 million of the cap. Spending to the cap doesn’t mean you’ll automatically win, but not spending dang close to the cap means you’re pretty much definitely not going to win.

      I don’t know. If Mario came out and said him and Burkle weren’t spending to the cap I wouldn’t like that. It means the team’s decision makers aren’t willing to put it all out on the table to win a cup. Then again, Mario and Burkle don’t really have a choice either for the time being. Whichever GM takes on the Pens dumpster fire of a cap situation doesn’t really have another option but to spend to the cap. I feel like I’ll never feel closer to Flyers fans than I will this summer. Squeezed against the cap ceiling and the agony of having to watch the Rangers be within 4 wins of a stanley cup is finally something we can bond over.

  5. djshnooks - Jun 2, 2014 at 4:37 PM

    And speaking of blind dates…I went on one the night (Sunday) before Memorial Day…

    The chick hardly said a word…but she is a texting machine. Lmao. Really awkward.

  6. pr0jecktpat - Jun 2, 2014 at 7:16 PM

    Having some wiggle room with the cap isn’t ever a bad thing, but it just always seems in bad taste when people in charge boast that they are going to be “respectable” when spending money. Everyone knows it just means “we wont spend money unless we absolutely have to”.

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