Caps-Wiz Owner Ted Leonsis Speaks At National Press Club in Washington, D.C.
- Wednesday, July 13, 2011 7:30 PM
- Written By: Josh Marks
If you have followed The Hockey Stop blog the past couple of years, it is no secret my admiration for Washington Capitals and Wizards owner Ted Leonsis. He will be the first to admit the playoff disappointment the Caps and their loyal fans have faced in what has turned into a difficult rebuild in the team's quest for that elusive Stanley Cup. That's why Leonsis and General Manager George McPhee committed to a major overhaul of the roster this off-season after being swept by the Tampa Bay Lightning in round 2 of the playoffs.
But listening to Leonsis speak Wednesday at a luncheon at the National Press Club in downtown Washington, D.C. (and munching on yummy cupcakes, see below), I got the sense that he has felt the pain of three straight years of early playoff exits more than anyone. Leonsis is a big Greek man from Brooklyn who has made millions as an Internet pioneer at AOL and later a venture capital investor and founder of such companies as social media website SnagFilms. But under that tough exterior lies a sensitive kid at heart who, as he explained, cried recently when he saw video footage of the New York Jets Super Bowl III victory over the Baltimore Colts in 1969, which Leonsis attended as a child with his late father.
He went on to say that as the owner of two major sports teams, he is in the business of "making grown men cry." He has said before that if the Caps ever win the Stanley Cup that he will cry like a baby. Well, he won't be the only one raining tears. Count me in and thousand of others with ties to Washington's hockey franchise.
It might not happen next year, or the year after that, or even the year after that. Leonsis has been humbled by three straight years of playoff failure and the tough realization that there are no guarantees in the postseason -- even for a team like the Caps that has been so successful in the regular season. But Leonsis said the window is wide open for the Caps, and that he expects the team will make the playoffs for the next 10-15 years, and if you make the playoffs then anything can happen.
Leonsis is a man who knows and respects history. And the most touching part of the speech was when he paid homage to the late Abe Pollin, who, as owner of the Capitals and Wizards/Bullets, brought the two teams to the heart of Washington, D.C. by financing the building of the Verizon Center with $200 million of his own money. The arena became the catalyst for the revitalization of the entire downtown area of our Nation's Capital. Leonsis said that Pollin deserves a monument for what he did for the city.




Washington Capitals and Wizards owner Ted Leonsis is perhaps the model for how to turn around the fortunes of a franchise through the draft and brilliant marketing. The jovial Greek American from Brooklyn went from humble origins to becoming a senior AOL executive and later a professional sports owner. He answers every email, blogs every day on Ted's Take, made the Verizon Center the rockingest and reddest place in Washington, D.C., and most recently moved the Wizards' training camp from Richmond, Virginia, to the George Mason University campus in Fairfax where last Tuesday at approximately 12:01 a.m. the team held the first ever NBA Midnight Madness event at the Patriot Center.
Since moving back to Washington, D.C. this summer I've noticed something different in the air. No, it's not the stifling heat and humidity creating a natural sauna every time I step outside. Nor is it the pollen making me sneeze every five minutes.
The last time I visited D.C. was during the opening round of the Stanley Cup playoffs and Ovechkin was still slightly behind President Barack Obama as the biggest star in D.C.
But my how times have changed in The District. Now in addition to Ovechkin apparel there are Strasburg shirts, McNabb sweaters and Wall jerseys for sale at City Sports next to the Verizon Center in the Gallery Place-Chinatown neighborhood.
In the biggest trade of the offseason so far the Montreal Canadiens have dealt wunder goalie Jaroslav Halak to the St. Louis Blues in exchange for prospects Lars Eller and Ian Schultz. This is one of the most baffling trades in recent memory. The Canadiens today almost gave away the goalie that single-handedly defeated the Washington Capitals and Pittsburgh Penguins and was being compared to Patrick Roy and Ken Dryden by Montreal's media and fans.
The New Jersey Devils named former player and assistant coach John MacLean to lead the team behind the bench next season. He replaces the retiring Jacques Lemaire. MacLean was a first-round pick and played 14 seasons with New Jersey and spent eight more seasons on the coaching staff.
World Cup fever is not only sweeping South Africa but is also starting to catch on here in the U.S. after the American team tied England 1-1 in the opener.
A book on Caps superstar Alex Ovechkin will be released this fall. "The Ovechkin Project: A Behind-the Scenes Look at Hockeys Most Dangerous Player" tells the story of his meteoric rise from Russian athlete to NHL powerhouse. Writers Damien Cox and Gare Joyce reveal a side of the Great 8 most fans never see, including how the death of his older brother impacted him. It should be an interesting read.
After officially taking over the Washington Wizards and the Verizon Center, Capitals owner Ted Leonsis felt compelled to write an open letter to Caps fans who might be worried that Leonsis will devote more time to the Wiz and neglect the Caps. Here is the letter followed by a video of Leonsis speaking at the National Press Club in Washington. He talks about his "moment of reckoning" when he thought his plane was going to crash and how it changed his life and the way he does business. Fascinating.