Edmonton owner urges city to build Oilers a new arena

darylkatz.jpgWhen it comes to the business side of sports, sometimes we’re privy to seeing millionaires and billionaires plead for millions of dollars from taxpayers so that they can make even more money. Enter the owner of the Edmonton Oilers Daryl Katz.

Katz is hoping that the people of Edmonton will help him out so he can build a new arena in downtown Edmonton to replace the aging Rexall Place (formerly Northlands Coliseum). The city would rather he renovate the arena. Hoo boy, here comes the conflict.

In a rare public appearance, Daryl Katz promised to sign a location agreement to keep the Oilers in Edmonton. But the team is not viable without a new arena, and the Oilers will not play at the arena now run by Northlands, said John Karvellas, executive vice-president and general counsel for the Katz Group.

“We do not intend to have the Oilers play in a renovated Rexall Place,” Karvellas said.

However, the Katz Group denied any implied threat to move the team when Coun. Tony Caterina directly asked if that was the case.

Katz repeated an earlier pledge to $100 million toward the construction of the arena and added another $100 million toward development of the surrounding area. That, along with the $200 million he spent buying the Oilers, brings his commitment to the project to $400 million. But he’s willing to hand the keys to the city, he said.

“If that’s what it takes to move this project forward, I will do that,” Katz said.

The beauty of having to keep a good public face is that threatening the fans with the possibility of leaving never goes over well and it’s great that Katz has quashed that notion completely right up front. After all, this is a city that’s still reeling from former owner Peter Pocklington turning the team into a disaster after Gretzky and Messier left town.
Whether this more direct approach to asking for money pans out for Katz remains to be seen but the best news for Oilers fans is that there’s absolutely zero threat for the team to leave town. Keep in mind that this negotiation couldn’t be more seemingly polar opposite to the one the Islanders and owner Charles Wang are going through concerning Nassau Coliseum and the Town of Hempstead. In this case, the squabble just breaks down into who gets to potentially make more money out of the deal, either Daryl Katz or the city of Edmonton.

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    Agent: Schultz likes Pittsburgh, but wants to be ‘rewarded’

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    Justin Schultz took a significant pay cut to re-sign with the Pittsburgh Penguins last year.

    He doesn’t begrudge the deal he signed, as the Penguins have been a big part of turning his career around.

    One assumes winning a couple of Stanley Cups has been pretty fun, too.

    That being said, the 26-year-old defenseman wants a raise.

    “We took a one-year, discounted deal to come back from last year and build upon what he did,” Schultz’s agent, Wade Arnott, told the Pittsburgh Post-Gazette. “The player took a lot of the risk. The player performed. Now the player should be rewarded.”

    Schultz, a restricted free agent, had a career-high 51 points in 78 games last season. Those 51 points were the seventh most among NHL defensemen — just five fewer than this summer’s biggest UFA, Kevin Shattenkirk, managed.

    Schultz then added 13 more points in the playoffs, as the Penguins managed to win it all without Kris Letang.

    For the record, Schultz wants to stay in Pittsburgh. The question is whether the Pens can afford to keep him, or if they’d be better off selling high in a trade.

    “We’ll probably have some more direction here this week with where we’re going with [a possible extension],” Arnott said. “But we’ve had some good discussions.”

    After Stepan trade, Zibanejad negotiations become even more crucial

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    For a good while, the center position in New York was largely carried by the one-two punch of Derick Brassard and Derek Stepan.

    Now, the Derick & Derek show is no longer.

    Stepan was shipped out during draft weekend in a blockbuster deal with Arizona. Brassard exited a year earlier in a move to Ottawa that brought Mika Zibanejad to the Blueshirts.

    Zibanejad, 24, was acquired by GM Jeff Gorton in the hopes of one day becoming New York’s No. 1 center. He certainly showed he was capable this season — despite missing nearly 30 games with a broken fibula, he put together a fine offensive regular season and then surged in the playoffs, finishing with nine points in 12 games.

    And now, a big negotiation sits on the horizon.

    Zibanejad is a restricted free agent coming off a two-year, $5.25 million deal with a $2.625M cap hit. As we wrote earlier, Gorton is “open to anything” with regards to the extension, saying he’d be willing to go either short- or long-term.

    One has to think Zibanejad has a ton of leverage. His acquisition price (Brassard) was significant, Stepan is now gone, and so too is depth center Oscar Lindberg, who was acquired by Vegas at the expansion draft. Right now, New York’s center depth consists of Zibanejad, Kevin Hayes and maybe some spot duty from J.T. Miller.

    Lias Andersson, taken seventh overall at Friday’s draft, said he wants to make the Rangers this year. But there’s no guarantee he’ll even play in North America this season, as Gorton could opt to send Andersson back to the Swedish League for further development.

    The free agent market isn’t especially inspiring down the middle, unless someone thinks they can land Joe Thornton, and there’s no doubt Zibanejad’s seen the paydays scored by some other good, young, top-line centers. Winnipeg gave Mark Scheifele $49 million over eight years, while Calgary gave Sean Monahan $44M over seven.

    Is Zibanejad at their level? If you surveyed folks around the league, the answer would be probably no. But he could be soon and, what’s more, the Rangers may be forced to pay him as if he already is.

    Sabres bring back defenseman Fedun on two-year deal

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    Taylor Fedun, the Sabres depth defenseman that was set to become a UFA on Saturday, has agreed to a two-year, two-way extension, Buffalo announced on Monday.

    Fedun, 29, appeared in 27 games for the Sabres last year, splitting time between the NHL and the club’s AHL affiliate in Rochester. He was a very productive player for the Amerks, scoring 23 points in 29 games.

    Moving forward, most expect Fedun to continue in the same role he served this year — a guy that can provide veteran stability at the minor league level, and fill spot duty at the NHL level when injuries strike.

    Ottawa extends Pyatt — two years, $2.2 million

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    Tom Pyatt, the veteran forward who enjoyed some success reuniting with Guy Boucher in Ottawa last season, has re-signed with the Sens on a two-year, $2.2 million deal, per TSN.

    Pyatt was a steady contributor for the Sens, scoring nine goals and 23 points while appearing in all 82 contests. He averaged over 15 minutes per night and was a vital part of the club’s penalty kill, leading all forwards in blocked shots.

    He also appeared in 14 playoff games, scoring twice.

    Prior to playing in Ottawa, Pyatt had skated under Boucher in Tampa Bay. They spent parts of two years together with the Lightning, before heading off to Switzerland — Pyatt with Geneve Servette, Boucher with Bern SC.

    Pyatt was set to become an unrestricted free agent on Saturday, but clearly liked the fit in Ottawa. He’ll get a pay bump — up from the $800,000 he made last year — a bit more long-term security, and possibly a bigger role with the Sens moving forward.

    Ottawa has already stated it will cut ties with veteran tough guy Chris Neil, and decisions are still looming on UFA forwards Viktor Stalberg, Chris Kelly and Tommy Wingels.