Wednesday, January 11, 2006

What's in a name?

In case you haven't heard, the Corel Centre has been renamed the Scotiabank Place.

Now, does this matter? Not really. I've seen some say they will revolt against this and continue to call it the Corel Centre, but I imagine most of those said the same thing 10 years ago when it ceased being the Palladium after a month of existence. They'll come around.

Having said all that, Place? It's an arena. Centre, fine, but place? Why not Scotia Spot?

It could be worse though. The Ottawa Sun reported this morning that Direct Energy was in the mix and were trying to secure the naming rights for their company. What a disaster that would've been. Anyone who lives in Ottawa has to be aware of this company already. Their door-to-door representatives make sure of that. "Can we see your hydro bill?" "we KNOW you're being ripped off" "come over to the darkside". They're a persistant bunch.

What this means to the actual hockey team (you know, the important matter?) remains to be seen, but the speculation is that this new deal will diminish Eugene Melnyk's supposed losses this season. Does this mean we don't have to hear about it all the time then? If so, then I'm all for the deal and am more than willing to call it whatever the fuck they want.

Also, can we maybe put some of this cash into the team? So that we can ice a full team every time? Just a thought.

8 Comments:

At 9:34 AM, Anonymous David Johnson said...

From the rumours that I am hearing about the naming rights price is that at best it will net the team $1 million extra per year. That won't go too far in players salaries so don't expect anything dramatically different.

 
At 10:30 AM, Anonymous Shammy said...

CMcMurtry,

Would you mind speculating why the Sens haven't started negotiating with Chara and Redden, and also what their asking price will be?

The fact that the salary cap is going UP, can only be a bad thing for this situation...

 
At 1:38 PM, Anonymous Anonymous said...

Their agents feel there is no rush (they want them to test the market).

 
At 2:49 PM, Blogger CMcMurtry said...

Basically, what anonymous said.

 
At 5:47 PM, Anonymous David Johnson said...

Chris Pronger signed a 5 year contract at an annual average salary of 6.25 million. I can't see Chara getting any less than that in the open market and probably more. At best you might be able to sign Chara at $5.5 million should he want to stay in Ottawa at a discount price. Redden will probably come a little cheaper but not dramatically so. Considering the other players that need to be signed it might be difficult for the Sens to keep both. I'll predict Redden stays in Ottawa while Chara ends up with the Rangers on a $6.5-7 million per year contract.

 
At 4:29 PM, Anonymous pete said...

David Johnson's figures are a touch low. Corel paid $26 million in 1996 for a 20-year deal. The new deal is for a tad more.

Just don't expect a dime of that to go into the on-ice talent.

 
At 1:33 AM, Anonymous David Johnson said...

Actually, no. Corel was paying $1.3 million per year. Rumours are that Scotia Bank will be paying between $2 and $2.5 million per year. That works out to between $700,000 and $1.2 million in additional money beyond what they were getting from Corel.

 
At 8:12 PM, Blogger David Sanders said...

I HATE CORPORATE NAMED ARENAS!!!!!!!!!

 

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