More twists and turns in the NY Islanders' Lighthouse Project negotiations

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snowandwang.jpgNew York Islanders owner Charles Wang has been striving for a new arena – or at least an improved situation for the team, which resides in the oft-critiqued Nassau Coliseum – for quite some time and hasn’t had an easy time dealing with officials in the area.

Chris Botta of Islanders Point Blank chronicled the latest developments in the Lighthouse Project. First, he wrote that the City of Hempstead was far from cooperative with Wang and the Islanders.

The LHP’s 2,306 residential units have been dropped to 500. As PB forecasted, Hempstead is selling the idea of 5 million square feet, but that includes parking. Finally, as broken exclusively on Point Blank, the Lighthouse Development Group and the office of Nassau County Executive Ed Mangano issued a joint statement slamming the pushback: “The Town of Hempstead’s new vision looks to be economically unviable to the developer and owner of the site.”

There might be a light at the end of the tunnel for the (cough) Lighthouse Project, though. Botta just reported that Mangano and Wang might have another trick up their sleeves.

Nassau County Executive Edward Mangano wants to partner with Charles Wang on a development that would consist of a new Coliseum and training facility plus an entertainment and gambling center the quality of Foxwoods and Mohegan Sun in Connecticut, sources have told Point Blank.

Determined to keep the Islanders in Nassau and find solutions for his budget crisis, Mangano knows Wang is his ideal partner. As a result, the first-year Nassau County Executive has become an Islander fan’s best friend. While Hempstead Town Supervisor Kate Murray did not even mention the hockey franchise in her Lighthouse push-back statements in Monday’s editions of Newsday, Mangano is all about keeping the Islanders in their original county and where they won four Stanley Cups.

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For starters, Mangano is proposing quite a gift: a brand new arena for the Islanders to be built on the available 77 acres of property and be completed two years after the start of construction. The Islanders would not have to wait until 2015 to move in.

A state-of-the-art NHL arena/concert venue combined with a Mohegun Sun-like entertainment and gambling complex makes sense on a lot of levels.

Botta expands on that information here. It sounds like Wang has an ally in Mangano, so perhaps things will work out for the owner, the team and their fans.

We’ll keep you up to date as more information filters through.

Leafs avoid arbitration again, sign Corrado to one year, $600K deal

VANCOUVER, BC - FEBRUARY 13: Frank Corrado #20 of the Toronto Maple Leafs shoots the puck in NHL action against the Vancouver Canucks on February, 13, 2016 at Rogers Arena in Vancouver, British Columbia, Canada.  (Photo by Rich Lam/Getty Images)
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Over the weekend, reports suggested that Toronto and RFA blueliner Frank Corrado were close to agreeing to a new contract.

On Monday, the two sides sealed the deal.

The Leafs announced they signed Corrado to a one-year contract, with Sportsnet reporting it to be a $600,00 pact, of the one-way variety.

Corrado, 23, was scheduled to go to arbitration tomorrow. His ask was $900,000, while the Leafs countered with a $625,000 figure on a two-way deal, and $575,000 on a one-way.

So Toronto was nearly spot-on with its valuation.

The former Canucks draftee took a while to make his Leafs debut last season — he sat 28 games after they claimed him off waivers — but when he did get into the lineup, he fared reasonably well. Corrado finished with a goal and six points in 39 games, averaging 14:27 TOI per game.

This marks the second player Toronto avoided going to arbitration with. Prior to signing Corrado, the Leafs inked center Peter Holland to a one-year, $1.3 million deal.

Flyers need Schenn to build on career year

PHILADELPHIA, PA - SEPTEMBER 22:  Brayden Schenn #10 of the Philadelphia Flyers celebrates his goal in the second period against the New York Rangers on April 7, 2015 at the Wells Fargo Center in Philadelphia, Pennsylvania.  (Photo by Elsa/Getty Images)
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The Philadelphia Flyers are hoping Brayden Schenn hasn’t finished improving. The former fifth overall draft pick signed a four-year, $20.5 million contract today, after posting career highs in goals (26) and assists (33) in 2015-16.

It took a few years for Schenn, 24, to start justifying his draft position. John Tavares, Victor Hedman, Matt Duchene, and Evander Kane were selected with the first four picks that year. Oliver Ekman-Larsson was taken sixth overall.

So there was pressure.

“I think sometimes when you draft a player top five you tend to think he’s going to develop a little quicker than other guys,” Flyers GM Ron Hextall said Monday, per Flyzette. “When you look at Brayden, has he been a fast developer? I would say probably no. Has he been a slow developer? I would say probably no. He’s probably been average.

“The good thing is he’s gotten better every year and he’s a hard worker. He’s starting to figure out the intricacies of the game. He obviously had his best year to this point so hopefully he continues to build on that.”

Hextall reportedly danced around a question about Schenn being part of the “core” group, so there’s still some proving to be done. The Flyers have already committed long-term to forwards Claude Giroux, Jakub Voracek, and Sean Couturier. Wayne Simmonds and Michael Raffl have three years left on their deals, and Dale Weise signed a four-year agreement on July 1.

As for Schenn, he knows he needs to justify the Flyers’ trust in his ongoing development.

“I feel like I keep getting better and better,” he said. “I expect nothing else next year.”

Report: If the Sabres can sign Vesey, they could be more willing to trade Kane

MONTREAL, QC - FEBRUARY 03:  Evander Kane #9 of the Buffalo Sabres speaks with referee Kevin Pollock #33 during the NHL game against the Montreal Canadiens at the Bell Centre on February 3, 2016 in Montreal, Quebec, Canada.  The Buffalo Sabres defeated the Montreal Canadiens 4-2.  (Photo by Minas Panagiotakis/Getty Images)
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If the Buffalo Sabres can sign Jimmy Vesey, they may be more willing to trade winger Evander Kane.

That’s what TSN 1040 (Vancouver) radio host Matt Sekeres has been hearing, and what he’s hearing does make a lot of sense.

Kane, whose off-ice issues are once again making headlines, has two years left on his contract before he can become an unrestricted free agent. He plays the same position as Vesey, 23, who’s currently Buffalo property but can sign with any team he chooses on Aug. 15.

Even if the Sabres can’t convince Vesey to join them, Kane could still be traded. GM Tim Murray has already conceded that his patience is wearing thin with the 24-year-old that he acquired from Winnipeg not long ago. Alex Nylander, drafted eighth overall in June, plays the same position as Kane, and Murray has said it’s possible the teenager could make the jump to the NHL next season.

Buffalo, Boston and Toronto have generally been considered the favorites to land Vesey. Chicago and Pittsburgh have also been mentioned.

Related: Cue the Kane-to-Vancouver speculation

Leafs avoid arbitration with Peter Holland

TORONTO, ON - APRIL 11: Peter Holland #24 of the Toronto Maple Leafs skates up the ice during NHL action against the Montreal Canadiens at the Air Canada Centre April 11, 2015 in Toronto, Ontario, Canada.  (Photo by Abelimages/Getty Images)
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The Toronto Maple Leafs won’t require arbitration with forward Peter Holland. They’ve signed the 25-year-old to a one-year deal worth a reported $1.3 million.

Holland had a hearing scheduled for today. Last week, the Leafs sent a message by putting him on waivers, which he cleared.

Holland had nine goals and 18 assists in 65 games last season. With him signed, the Leafs have only defensemen Frank Corrado and Martin Marincin as restricted free agents. Corrado has an arbitration hearing scheduled for tomorrow; Marincin’s is next Tuesday.

Related: Corrado and Leafs aren’t that far apart