Patience In Sports, Patience In Business
May 01, 2013Posted by james

It took five months, but the New York Rangers finally got their man.

The team originally tried to pry Rick Nash away from the Columbus Blue Jackets at last season’s trade deadline so he could help with a playoff run. They didn’t succeed with either.

Not until last summer was this talented young scorer dealt to New York, and the deal was a steal. The Rangers did not give up any core young talent, nor did the acquisition affect the team’s salary structure.

During his first season with the Rangers, Nash has delivered with goals, assists, crisp passing, defense and with some nifty moves with the puck. Unfortunately, other aspects of the team’s play were lacking as the team struggled to reclaim its dominant play of the previous season.

Looking back to when the Nash acquisition was first discussed between the Rangers and Blue Jackets, no one at the time was sure it would occur. The package of players offered by the Rangers had been rejected by Columbus. Neither side budged.

When Nash finally became a member of the Rangers during the off-season, the player package going in the other direction involved the same names that had been discussed earlier. The Rangers refused to sweeten the offer. Columbus relented when it realized that the Rangers’ offer for Nash could not be matched by any other team.

Frequently, sports teams and businesses will jump too quickly at an opportunity for fear of losing leverage or anticipating that a deal may collapse. When this occurs, the payment, in hindsight, often is found to be too expensive. Resources may become depleted, or the return on the investment may be diminished.

In this case with the Rangers, and in all matters involving business and personal decisions, patience is the key to turning a successful deal.


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