The Sabres may be moving out of Buffalo!
The Sabres aren’t moving out of Buffalo!
The Buffalo Sabres have no intention of leaving Buffalo.
“I don’t even think that’s a reasonable expectation,” Sabres COO Pete Guelli said.
The Sabres aren’t moving out of Buffalo, but that doesn’t mean they won’t demand public money to get them to sign a new lease to keep them from moving out of Buffalo!
“Our goal is to kind of sit down with the county to stay in the city and work out a solution that’s best for everybody.”
But as you may remember, New York state and Erie County gave the Bills and Pegula Sports a combined $800 million for the new stadium, and multiple sources have told 2 On Your Side that renovations at KeyBank Center could range between 75 and 200 million dollars.
Will the organization be able to make those types of renovations, especially if it’s in that ballpark? Will the organization need assistance from New York State to do that?
“I don’t have that answer yet either. I think the partnership that we set up here at the stadium has been beneficial to everybody involved, so I wouldn’t rule it out.”
WTF is actually going on here: Earlier this week, Erie County executive Mark Poloncarz, one of the architects of the Bills stadium deal that gave the Pegulas (who own the Sabres as well) $250 million in county money along with $750 million in state money, declared that he wants to end the county’s lease on the Sabres arena, which is owned by the city of Buffalo but leased to the county and then subleased to the Pegulas. (I think. The Spectrum News article linked above says, “Erie County owns KeyBank Center, leasing it from the City of Buffalo,” which is nonsensical; Wikipedia and this article both say Erie County owns the arena; I’m still working on getting hold of a copy of the actual lease.)
The Sabres’ lease, which automatically renews this fall for another five years unless the Pegulas opt out, requires the team owners to pay for all interior upgrades, while the county pays for all exterior improvements. And the arena needs up to $200 million in renovations, look, it says right here in this graphic:
Interior renovations? Exterior renovations? Renovations that are needed to keep the place from falling down, renovations that are needed so the Pegulas can charge more money for luxury suites? Who knows! WGRZ had to make that “ripped piece of paper” graphic, no time to waste on more research!
As for Sabres COO Guelli, I watched the WGRZ interview with him so you don’t have to, and he said:
“That’s not our intention to go anywhere.”
And also:
“That’s where things are not quite as simple. Because basically we would have to walk away from the lease, the way it’s currently structured…
“We’re not looking for [the city and county] to contribute beyond their means.”…
Will the organization need assistance from New York State to do that?
“I don’t have that answer yet either. I think the partnership that we set up here at the stadium has been beneficial to everybody involved, so I wouldn’t rule it out.”
So basically: The Sabres’ lease is expiring, and a key bargaining point will be who will pay for what future renovations. The team COO says the Pegulas aren’t threatening to move, but are threatening to “walk away” from their lease and … go skate on frozen-over Lake Erie? Refuse to leave or sign a lease and become squatters? The exact details are left to your imagination, which is how non-threat threats always work: If you spell out exactly what you’re threatening to do, people start asking whether it’s feasible or ethical or a violation of basic human rights. But if you just allude to how you wouldn’t want anything to happen to the team, then nobody raises any pesky questions. At least, not if they know what’s good for them, isn’t that right, Dino?