Carolina Hurricanes owner Peter Karmanos looks to sell at least half of team

canes.jpgThe Carolina Hurricanes look like they might join the group of NHL teams looking for new ownership – at least in some form. The Triangle Business Journal reports that Canes owner Peter Karmanos hired Allen & Co. (the group that advised in the sale of sports teams such as the Pittsburgh Penguins) to sell 50 percent of the Hurricanes.

“My partner, Tom Thewes, passed away two years ago, and we have been putzing around trying to figure [out] how to replace the partner,” said Hurricanes owner Peter Karmanos, who currently controls 100 percent of the franchise. “We just went to Allen & Co. to explore the different ways. It’s certainly not to sell the team.”

The report notes, though, that buyers often want full control rather than “half” control when making such an investment. Karmanos, of Michigan, reportedly would prefer to add a local presence which means that they will first looking into potential owners in the North Carolina area.

Another important note, though, is that there can be a “too many cooks in the kitchen” mentality to 50-50 ownership situations.

How a 50-50 partnership would be structured for the Hurricanes is uncertain. There are only a handful of similar arrangements in sports. The Tisch and Mara families peacefully co-own the New York Giants, with the Maras handling football operations and the Tisches overseeing business operations. On the other side, George Gillett and Tom Hicks’ co-ownership of Liverpool FC has been stormy, and the duo is currently trying to sell the team.

My take is like with any collaboration, it’s important for everyone to have clearly defined roles. At least if you want to have some semblance of peace.

Naturally, this is very early in the situation, so exact details are scarce. We’ll keep you up to date on the potential (partial?) sale of the Hurricanes, along with the scenarios for the Coyotes, Thrashers, Stars and any other teams who might look for new owners as reports filter in.

(H/T to Kukla’s Korner)

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    Preds sign Jarnkrok for six years, with a cap hit of just $2 million

    DENVER, CO - DECEMBER 09:  Calle Jarnkrok #19 of the Nashville Predators skates against the Colorado Avalanche at Pepsi Center on December 9, 2014 in Denver, Colorado. The Predators defeated the Avalanche 3-0.  (Photo by Doug Pensinger/Getty Images)
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    Nashville’s momentous offseason continued today with the signing of forward Calle Jarnkrok to a six-year, $12 million contract.

    That’s a cap hit of just $2 million, all the way through 2021-22.

    Suffice to say, it’s not often that a player signs such a long deal, for such a modest cap hit. Jarnkrok notched career highs in goals (16) and assists (14) in 81 games last season for the Preds. He kills penalties, too.

    At the very least, the 24-year-old has some financial security now. But for Nashville, as long as his production doesn’t fall off a cliff, he could end up being a great bargain.

    Jarnkrok had an arbitration hearing scheduled for Aug. 4.

    Related: Preds avoid arbitration with Petter Granberg — two years, $1.225 million

    Red Wings re-sign Mrazek to two-year, $8 million deal

    Detroit Red Wings goalie Petr Mrazek (34) stops a shot by Tampa Bay Lightning center Valtteri Filppula (51) in the first period of Game 3 in a first-round NHL hockey Stanley Cup playoff series, Sunday, April 17, 2016, in Detroit. (AP Photo/Paul Sancya)
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    The Detroit Red Wings didn’t need Petr Mrazek‘s arbitration hearing either.

    The day after the Wings avoided the process by locking up defenseman Danny DeKeyser, they agreed on a two-year deal with Mrazek, with a reported cap hit of $4 million.

    Mrazek, 24, went 27-16-6 last season with a .921 save percentage. Those numbers compared favorably to Jimmy Howard‘s (14-14-5, .906); however, GM Ken Holland has argued that keeping Howard could be best for Mrazek’s development.

    “It could possibly be detrimental if we put Petr in a situation where we’re just going to throw him out and play 70 games and no matter how you play, we’re going to keep putting you out,” said Holland.

    Granted, it may be that Howard is simply untradeable. He’s 32 years old, hasn’t put up solid numbers the past three seasons, and has three years remaining on his contract with a cap hit of just under $5.3 million.

    If Howard remains, the Wings will have just under $9.3 million in cap space allocated to their goaltenders next season, one of the highest totals in the league.

    Mrazek, by the way, will still be a restricted free agent when his new contract expires in the summer of 2018.

    Tavares ‘would love’ to spend his entire career with Isles

    John Tavares
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    With new majority owners and now talk of a new arena, the future of the New York Islanders has been a popular topic lately.

    Not surprisingly, it’s led to plenty of discussion about the future of captain John Tavares, who can become an unrestricted free agent in the summer of 2018.

    Ownership has insisted that it won’t get that far, that Tavares will be re-signed. The Isles will have “no financial constraints,” owner Jon Ledecky promised.

    But what about Tavares? What does he think?

    “I think I’ve always showed my commitment, my appreciation and my desire to play on Long Island,” the 25-year-old told Sportsnet 590 radio on Tuesday, per NHL.com. “I would love for that to continue for the long haul. I think you look at some of the greatest players in the game have been able to spend their entire career somewhere. I hope I’m in that same position.”

    As for the speculation he could sign in Toronto?

    “I would not count on that,” he said.

    So start the countdown to July 1, 2017. That’s when Tavares can officially start negotiating an extension with the Isles.

    Perhaps by then we’ll even know where the team will be playing its future games. Will it be Brooklyn or somewhere else?

    Sens re-sign Hoffman to four-year, $20.75 million deal

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    Only 18 NHLers have scored more goals than Mike Hoffman has over the last two seasons.

    Today, the Ottawa Senators signed the 26-year-old sniper to a four-year contract with a reported cap hit of $5.1875 million.

    Hoffman had an arbitration hearing scheduled for Aug. 4. The breakdown of his new deal, according to Sportsnet’s Elliotte Friedman:

    His contract done, Hoffman can now focus fully on next season, which he’s excited about.

    “New coach coming in, Guy Boucher, I had him in junior when I played in Drummondville of the Quebec League,” Hoffman said recently. “Very good relationship with him, we won a championship together. So definitely looking forward to working with him this year.”

    As for Sens GM Pierre Dorion, he’s still got some offseason work to do. Defenseman Cody Cedi is a restricted free agent, and there’s no arbitration date to encourage a settlement in his case. While Dorion is confident that something that will get done with the 22-year-old, what remains to be seen is if it’s a short- or long-term deal.