Penguins Rank No. 3 in Bloomberg's “Smartest Spenders in Sports”

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Penguins Rank No. 3 in Bloomberg's “Smartest Spenders in Sports”
Bruce Bennett/Getty Images

The Pittsburgh Penguins rank third out of 122 pro sports franchises in spending efficiency, according to Bloomberg Business Week. The Penguins were ranked sixth when the list originally was released last week, but Bloomberg made updates after discovering it had used” incorrect hockey payroll data.”

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