Peter Karmanos wants the ‘Canes organization to work just hard enough to be profitable.
I must admit, I really like thrifty stores such as the Dollar Store, Kmart, Target, and Walmart. I don't expect great results at those stores; I expect just enough to get by for my bare minimum needs. Those places know that, they sell it, I know that, and I buy it - our expectations are fairly similar.
The ‘Canes are different – they don’t want us to know that we should expect the bare minimum. I have read statements on this site such as "transitioning to a spending model which will hopefully show potential investors that the franchise can be profitable, even if they do not make it to the playoffs...likely that more emphasis will be placed upon the club to be a self sufficient entity, if not profitable....” While they aren’t quotes from the Canes organization, they solidly represent their current “state of mind.”
Profit matters the most to PK, not success, because if you look at the latter, the Canes have been one of the most successful teams in the past decade (three eastern conference finals, two cup finals, and one stanley cup). But, in the end, their success is fruitless because they cannot maintain a constant year to year profit. Yes, we all feel bad that PK sported an expensive team that didn’t make any money this year. Yes, we were all thrilled in 2006 when PK sported a team that made a ton of money winning a cup. Yes, we feel bad that his co-owner passed away (as people and hockey fans, it is terrible). Yes, we all understand things may be a little tough.
Regardless, how bad will we feel when PK begins to sell us a sub-par organization as a result of his personal profit expectations? Well, we will find out in less than four months.
I love the ‘Canes, and I have really enjoyed watching them play extremely competitive hockey over the past decade. While there have been a few hiccups here and there, they have been a lot of fun. Unfortunately, I think this will change, I think that the ‘Canes organization wants to play just well enough to be profitable; when they no longer achieve that, I expect them to move.
Good faith, that is all I ask from PK, and that is what is lacking. With a salary cap in the mid to low 40s, they may be profitable, but they will not be successful, and I think he could care less.
Thanks for the good times PK, and I wish you the best in selling the team and/or moving it to a more “profitable” place….you are truly a (fill in blanks)