Skip to main content

Endorsements

Got any good books to recommend?

Greatest Hits from Working the Net:

Harlow Salon - one of the very best hair salons in Nashville TN.

Time for THIS local hack to take a whack

Yesterday, I blasted the Tennessean for their take on the Sommet Center lease negotiations between the David Freeman-led ownership group and the city of Nashville. In the interest of fairness, I need to make a correction to that article, and offer a sincere apology to the Tennessean on one particular point.

The portion I'm referring to read as follows:

The biggest oversight in the Tennessean's report is the omission of a critical part of the propsal: that in exchange for management fees from the city, the owners would take over the risk of operating loss at the Sommet Center.

Upon a further review of the city's analysis, however, it does appear that this factor is taken into consideration regarding the increased Management Fee that would be paid by Metro under this proposal. The PDF of the city's analysis is pretty grainy (it looks like a fax that was then scanned in), but a footnote appears to read "Base Mgt Fee based on 2006 GEC audit, $6.5 Base Mgt Fee less (excess expense over revenue before Metro debt service, $3,660,262, plus SLIC $426,960, or $4,086,242."

In other words, the approximately $2.5 million increase in the Base Management Fee does appear to take the operating loss transfer into account. I was wrong on that point, and I deeply regret the error.

The Tennessean is still guilty of not presenting the full picture, however. A major factor in the transfer of operating profit/loss risk is that under the current management agreement, there is little incentive to maximize profit generated at the Sommet Center outside of hockey games, resulting in an underused facility. The intent behind this risk transfer is to give the new ownership group another avenue to make the entire facility more profitable, and potentially bring 30-50 more events downtown. This would benefit both public and private parties, through increased business during the summer months. The paper's portrayal of Freeman & Gang simply lining up for a public handout continues to be a gross misrepresentation of the situation.

Popular posts from this blog

How I'm Trying To Make Money Sports Blogging

To kick off this series of articles general sports-blogging articles here at OTF Classic, I think it's best to start with a comment that Brad left here last week, after I shared my goals for 2012, which include specific revenue targets:
I considered diving into the world of internet marketing myself, but I felt that my friends would hate me for bugging them about stuff. I mean, it's pretty low-risk high-reward, so it's tempting. I wouldn't mind reading about tips on how to maximize impact of blogging in general to make it a legitimate income source. Trying to make money at sports blogging can be a very touchy subject - for the vast majority of us, this is an activity we pursue to both exercise our creativity and share our love of the game, whether it's hockey, football, badminton, whatever, with fellow fans. Mixing that personal conversation with a commercial message can turn people off, especially if it becomes too intrusive for the reader.

It's not unreasonabl…

Hooray for PythagenPuck

Back in November, around the quarter-mark of the NHL regular season, I wrote a piece looking at Expected Winning Percentages for each team, based on their Goals For/Goals Against ratio, using the PythagenPuck method as outlined in Alan Ryder's "Win Probabilities" article over at Hockey Analytics. Since we're approaching the end of the campaign, I thought it worth revisiting the two assertions I made back in November - that the Ottawa Senators were capable of getting back into the playoff race, and that the Boston Bruins were in danger of a freefall to the bottom of the standings.

Just to review, the basic idea behind win probability models like PythagenPuck is that over the course of a season, the Goals For and Goals Against numbers can be used to derive a team's winning percentage, within a a surprisingly narrow margin of error. For instance, if you only had GF/GA information, you could make a very good stab at projecting what the standings would look like. The w…

Where are my tickets, Mr. Holland?

While working on a piece about the 10th anniversary of the great Colorado/Detroit game at Joe Louis Arena, I caught myself reflecting on some of the great games I've had the fortune of seeing in Detroit during the 1990's, through a variety of means. Then another thing came to mind - when I'm in attendance, the Red Wings win. I'm on a huge personal winning streak here, so perhaps the Red Wings front office would want to bolster their chances during the upcoming playoffs and make sure I'm in the house for those critical games? I can make myself available...

June 4, 1995: Detroit takes Game 2 of the Western Conference Finals from Chicago, 3-2 (although the Hawks put one of the goalpost as the final horn sounds). Wow, has it been that long since the Blackhawks achieved anything? Ticket courtesy of a college buddy who had a spare.

October 13, 1995: The Wings pummel the Edmonton Oilers in their home opener, 9-0. After the painful Finals sweep against New Jersey the…