Money is power.
It’s a saying that applies in government, business and yes — professional sport.
When Mike Babcock was given a long-term contract that paid more than $6 million per season, it changed the market from some teams.
Joel Quenneville and Claude Julien, both coaches who have led teams to Stanley Cup championships, are now over the $5-million mark.
Other teams, like the Washington Capitals, aren’t going to go there.
This is going to be a comment that may not make a lot of sense to wage earners like us, but these salaries are necessary when some star players make in excess of $10 million annually.
In a world where there are few secrets, coaches need to be compensated — in term and salary — in order to retain the respect of their players.
Having a coach who can truly be in charge costs more than it did a few short seasons ago.
It’s the cost of doing business in a profession where money is power.