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Ted Leonsis says the NHL is in better financial shape than the NBA because NHL owners can no longer...

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Ted Leonsis says the NHL is in better financial shape than the NBA because NHL owners can no longer take "stupid pills." The owner of the Washington Capitals -- who is completing a purchase of the Washington Wizards -- said Friday that a lot of NBA teams are losing "a lot of money." Speaking at the National Press Club, Leonsis said the NHL is in a better position because it has a hard salary cap "that protects owners from taking stupid pills" -- a reference to misguided, over-the-top free agent signings. Leonsis learned his lesson with the Capitals several years ago when he overspent for Jaromir Jagr and other players before the NHL put its cap in place.

A brief Canadian Press story via TSN
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