From Colorado Avalanche On SI · · 1m 40s
Avalanche's $21M Decision
Harrison Ford's Air Force One saved Joe Sakic from leaving Colorado.
In brief
Harrison Ford's Air Force One saved Joe Sakic from leaving Colorado. The Avalanche matched a $21 million offer for Joe Sakic by leveraging a blockbuster film's profits, keeping him with the team for decades. Originally reported by Colorado Avalanche On SI.
Avalanche's 2001 Stanley Cup
Imagine the Avalanche's 2001 Stanley Cup without Joe Sakic. No Hart Trophy from their captain. No Sakic leading Colorado through the playoffs.
Rangers' $21m Offer Sheet
In August 1997, the Rangers signed restricted free-agent Sakic to a three-year, $21 million offer sheet.
Avalanche's Financial Strain
The Avalanche had lost $8 million during the 1996-97 season due to their antiquated McNichols Sports Arena.
Avalanche's Deadline Pressure
The Avalanche had one week to match the offer or receive five first-round picks from the Rangers.
Harrison Ford's Blockbuster
Harrison Ford's Air Force One grossed $37.1 million domestically in its opening weekend and made $315.1 million worldwide.
Ascent's Financial Boost
The film's $315.1 million worldwide gross legitimized Ascent Entertainment and gave them financial flexibility to fight back.
Mayor Webb's Arena Deal
Colorado Mayor Wellington Webb secured a $165 million deal for a new arena on August 13, 1997, the day before the deadline.
Avalanche Matches Offer
The Avalanche matched the offer on August 14, 1997, keeping Sakic with the team for decades.
Sakic's Legacy
Four years later, Sakic handed the Stanley Cup to Ray Bourque, a moment that almost never happened.
The Real Impact
Air Force One's success helped keep Joe Sakic in Colorado, preventing a major team shift in the NHL.
At a glance
The Avalanche matched a $21 million offer for Joe Sakic by leveraging a blockbuster film's profits, keeping him with the team for decades.
