Marcus Foligno and his Buffalo Sabres teammates have fallen to the bottom of the league but a top pick in next year’s draft could ease their pain. Fred Kfoury III / AP Photo
Marcus Foligno and his Buffalo Sabres teammates have fallen to the bottom of the league but a top pick in next year’s draft could ease their pain. Fred Kfoury III / AP Photo
Marcus Foligno and his Buffalo Sabres teammates have fallen to the bottom of the league but a top pick in next year’s draft could ease their pain. Fred Kfoury III / AP Photo
Marcus Foligno and his Buffalo Sabres teammates have fallen to the bottom of the league but a top pick in next year’s draft could ease their pain. Fred Kfoury III / AP Photo

Buffalo Sabres should eventually come out winners in NHL’s biggest loser battle


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Ice hockey’s worst team, most probably the Buffalo Sabres, unless they mess up, will be rewarded with a top-two draft pick.

A spot at the bottom of the standings leads to relegation in European football, but in the North American big leagues, failure is its own reward. The worse you are, the higher your spot in the draft.

That is especially meaningful this year, when the consensus holds that two outstanding prospects are available: Connor McDavid, a big, smart, ultra-fast forward who is described as a once-in-a-generation talent; and Jack Eichel, a centre whose emphasis is more on toughness, and who is almost certain to be chosen second.

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Under National Hockey League rules, the 14 teams that miss the play-offs have a shot at the top pick. They go into a draft lottery, which is weighted to favour the lousiest teams. The very worst team gets a 20 per cent chance at the top spot; the 14th-worst team, perhaps Ottawa, gets a one per cent chance.

But here comes the catch. The lottery applies only to the top pick. After that, teams are slotted into draft position in reverse order of the standings.

So even if the worst team loses the lottery, they slide down only to second spot.

Which is why fans in Buffalo have been cheering for their Sabres to lose – they crave McDavid or Eichel.

“This is a whole new low right now,” Sabres defenceman Mike Weber said after Buffalo fans cheered when the Arizona Coyotes, a rival for worst team, scored the winning goal in overtime last month.

But who can blame them? They are simply taking the long view.

The same has been said of Sabres management, which stands accused of tanking to wrap its mitts around a top-two draft spot.

There was a stretch this season when Buffalo were dangerously good. From mid-November through mid-December the Sabres won 10 of 13 games. Much of the credit went to a hot streak by their generally inconsistent goalie, Jhonas Enroth.

Leery of another such outburst, the Buffalo brain trust wisely put Enroth out of harm’s way and traded him to Dallas.

That same day, they shipped two of their best players to Winnipeg for two Jets players, which might have been a fair deal, if only one of the Winnipeggers had not been injured and ruled out for the rest of the season.

Buffalo’s season appears, in this respect at least, and perhaps in this respect only, a success. Still, the players did muddy the waters on Monday by defeating Carolina 4-3 to pull within two points of Arizona with two games left.

If the two bottom-feeders end up tied on points, the Sabres win the bottom spot by virtue of fewer non-shootout wins.

An oddity of recent hockey history suggests that either one of McDavid or Eichel would be better off in Buffalo than in Arizona. Or, more generally, they would be better off if a cold-weather team drafts them.

In the 46 seasons since the NHL expanded to 12 teams, only three times has the league’s MVP award gone to a player who started the season with a team located south of Washington, most recently, Corey Perry of the Anaheim Ducks, in 2010/11.

The chance of that having happened is, by a back-of-the-envelope calculation, not much.

It could be that in snowy climes, where people tend to care more about hockey, the pressure and the passion create a crucible in which greatness can be forged. In warm climes, where hockey tends not to be the only game in town, it is easier to glide into being good but not great.

rmckenzie@thenational.ae

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg