Premier League wages hit a record-breaking £2billion in 2014/15. But clubs in the top division have proved they can absorb the jump in pay costs after reporting a combined pre-tax profit for the second successive year - for the first time since 1999. The pre-tax figure of £120m is down 36 per cent on last years record profit of £190m.That takes account of clubs spending a record £870m on players in the summer 2015 transfer window.When not including transfers, Premier League clubs posted an aggregate operating profit of more than £500m, the second highest figure in the history of the competition.The perennial problem for Premier League clubs was to convert impressive revenue growth into profitability, said Dan Jones, partner in the Sports Business Group at Deloitte.We saw this problem solved with record-breaking results last year. The new challenge was to sustain this financial success, and the Premier League clubs have accomplished this in impressive style in the latest results.Of the 20 clubs in the Premier League, 17 recorded an operating profit in 2014/15.Premier League clubs now enjoy a significant revenue advantage over all but a handful of the biggest clubs from elsewhere in Europe, said Adam Bull, senior consultant in the Sports Business Group at Deloitte.This has earned them a huge and self-perpetuating advantage over continental peers in terms of attracting playing talent. The Premier League is particularly attractive to investors from around the globe. Also See: Premier League video Fixtures Table Live on Sky Nike Air Max 90 Rea ... as usual. 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A broadcast source said the deal is for five years. The agreement calls for a minimum of 17 regular-season games as well as the East and West Division finals being broadcast annually on ESPN, ESPN2 or ESPNEWS. OTTAWA -- There is still some life in the Ottawa Senators. Milan Michalek and Kyle Turris scored twice Sunday as the Senators defeated the Calgary Flames 6-3, giving Ottawa seven points in its past four games. The win moves the Sens to within six points of the Columbus Blue Jackets and the second wild-card berth in the Eastern Conference with eight games remaining. "Well have to continue to play hard in those games and Ill like where well be at the 82-game mark. I might be dreaming but thats what I believe," Senators coach Paul MacLean said. Clarke MacArthur scored on a tip in 13 minutes into the third period after Jared Cowen had given the Senators a 4-3 lead a little over a minute into the third period. That third period was what allowed the Senators to keep their hopes alive. "We were very pleased with how we played the third period, giving up six shots, and the way we put the game away was good," MacLean said. Turris scored into an empty net and Robin Lehner made 37 saves allowing the Senators (31-29-14) to win back-to-back games on home ice for the first time since they won three straight in late December and early January. "In the third we continued to play our game and we were smarter and made better decisions," said Turris, who also had an assist. "We put the puck deep when we were up by one or two and we played our game the whole way through, we just made smarter decisions in the third." Matt Stajan, Paul Byron and Sean Monahan scored for the Flames (31-37-7) and Karri Ramo made 31 saves. The Flames could not have played a much better period than they did in the second as they outshot the Senators 21-9, but the best they were able to do after taking a 3-2 lead was go into the second intermission tied 3-3. Ottawa native Byron scored four minutes into the period for the Flames to tie the game as he corralled a rebound in the slot and put a shot into the top corner. It was only Byrons third career game in his hometown and he has a goal in two of those games. He scored his first goal in his second NHL game in early 2011 when he was a member of the Buffalo Sabres. "I always enjoy playing in Ottawa in front of friends and family and I appreciative of all the things theyve done for me over the years," said Byron, who played his junior hockey across the Ottawa River with the QMJHLs Gatineau Olympiques, where he staarred alongside Claude Giroux, now captain of the Philadelphia Flyers.dddddddddddd "Its hard to stay focused sometimes and you get distracted getting tickets and putting people on lists to see after (the game). I just try to stay focused and Im happy I have success here." A little more than three minutes after Byron tied the game, former Ottawa 67s standout Sean Monahan scored to give the Flames a 3-2 lead as he picked the corner over Lehners left shoulder. The goal was the 20th of the season for Monahan, making him the third rookie this season to reach that plateau along with Nathan MacKinnon of the Colorado Avalanche (23) and Tyler Johnson of the Tampa Bay Lightning (22). Losing that lead wasnt something Monahan or the rest of the Flames were particularly proud of. "I dont know what it was but like I said its not a game we can lose and its pretty upsetting. They capitalized on their chances and they put the puck in the back of the net. Thats something that we can fix and theyre simple mistakes," Monahan said. "We had a lot of chances and unfortunately we couldnt capitalize on some of them. At the end of the day we have to find a way to pull out the win." The Senators had gone into the second period with a 2-1 lead as Michalek sandwiched goals around one from Stajan. Michalek opened the scoring when he redirected a point shot from Erik Karlsson past Ramo at 10:42. Less than three minutes later though, Stajan jumped into the slot and buried a pass from behind the net past Lehner. Michalek re-established a one-goal lead for the Senators thanks to some terrific patience from Jason Spezza. The Senators captain moved around a sliding Calgary defenceman behind the goal-line, cut back out in front and slid a backhand pass that Michalek buried for a 2-1 lead. Notes: Cody Ceci, Bobby Ryan and Colin Greening were scratches for the Ottawa Senators while scratches for the Calgary Flames were Bryce Van Bradrant, Ladislav Smid, Dennis Wideman, Kenny Agostino, David Jones, Ben Hanowski and Markus Granlund. ...The game was the first Ceci has missed in his career since he was called up from Binghamton in early December. He played in 41 straight games. ... The Flames have played in 45 one-goal games this season and remain one shy of establishing a new franchise record. Their record in those games is 22-16-7. ' ' '