Skip to content

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

Jun 2, 2014, 2:54 PM EST

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

Latest Posts
  1. PHT’s top 14 of ’14: Winter Classic at the Big House

    Dec 25, 2014, 11:00 AM EST

    Over 105,000 descended on Ann Arbor for an unforgettable experience.

  2. PHT’s top 14 of ’14: Oshie’s shootout mastery in Sochi

    Dec 25, 2014, 10:00 AM EST

    Sochi Olympics Ice Hockey Men AP

    Even a disappointing Olympic finish can’t erase a star-making moment.

  3. Poile moves to second on all-time GM wins list

    Dec 24, 2014, 8:59 PM EST

    David Poile AP

    Only Glen Sather is ahead of him.

  4. Overtime/shootout drama becoming the norm in Florida

    Dec 24, 2014, 7:51 PM EST

    Roberto Luongo Getty Images

    “It’s like a little miracle down here.”

  5. Scoring change gives Nash his first Rangers hat trick

    Dec 24, 2014, 6:40 PM EST

    Nash goal

    The goal was initially credited to Martin St. Louis.

  6. Hextall impressed by Zepp, but cautious when predicting his future

    Dec 24, 2014, 5:54 PM EST

    Rob Zepp Getty Images

    Will he eventually earn a full-time NHL roster spot?

  7. Lightning returns top goalie prospect Vasilevskiy to AHL

    Dec 24, 2014, 4:31 PM EST

    Andrei Vasilevskiy Getty Images

    His stint with the Lightning was brief, but memorable.

  8. Video: PHT’s top five moments from 2014

    Dec 24, 2014, 3:28 PM EST

    2014 NHL Stanley Cup Final - Game Five Getty Images

    Not surprisingly, the Kings feature prominently.

  9. Scott suspended four games for punch that was ‘neither predictable, nor acceptable’

    Dec 24, 2014, 2:22 PM EST

    San Jose Sharks v Anaheim Ducks Getty Images

    League rules that Jackman wasn’t expecting to be punched, “nor should he be.”

  10. Sens take next step towards new downtown arena

    Dec 24, 2014, 12:23 PM EST

    Eugene Melnyk Getty Images

    Owner Eugene Melnyk has called the potential move a “game-changer.”

  11. Is Loui Eriksson starting to get it together?

    Dec 24, 2014, 11:18 AM EST

    LouiEriksson Getty Images

    “We’re seeing some of his best hockey,” Claude Julien said.

  12. ‘Las Vegas is a hockey city,’ Foley tells prospective ticket buyers

    Dec 24, 2014, 11:18 AM EST

    LasVegasHockey

    And they’re planning to start taking deposits for the 2016-17 season.

  13. Avs ultimately plan on sending Pickard back to AHL

    Dec 24, 2014, 10:24 AM EST

    Calvin Pickard AP

    Semyon Varlamov’s shutout probably makes that a more comfortable idea.

  14. Sabres aren’t happy with league’s decision regarding Bartkowski

    Dec 24, 2014, 9:43 AM EST

    Matt Bartkowski, Marcus Foligno, Brian Gionta AP

    A controversial check left Buffalo winger Brian Gionta injured.

Featured video

Holiday wish lists for NHL teams
Top 10 NHL Player Searches
  1. B. Bishop (2839)
  2. S. Crosby (2469)
  3. B. Elliott (2328)
  4. C. Perry (2297)
  5. J. Howard (1924)
  1. J. Schwartz (1878)
  2. S. Varlamov (1843)
  3. S. Mason (1757)
  4. T. Johnson (1728)
  5. S. Weiss (1646)