Sergei Fedorov's money troubles continue

fedorovandovie.jpgFormer Detroit Red Wings legend – and one of the first Russian hockey players to make an impact in the NHL – Sergei Fedorov made a lot of money in his storied NHL career. Unfortunately, it seems that he may have trusted the wrong people because he finds himself in serious financial trouble. In fact, he’s still planning on playing in the KHL at the age of 40 and beyond … out of necessity as much as anything else.

MLive.com’s George Malik shares some sad details about the former Hart Trophy winning center.

Former Red Wings forward Sergei Fedorov is owed $43 million by his former business partner, Joseph Zada, but as Zada either can not or will not repay Fedorov, the former Wing sued the Hyman Lippitt law firm–which represented both Zada and Fedorov at one point–in an attempt to actually receive the $60 million pay-off Zada had originally promised to pay Fedorov to settle their differences.

Subsequently, Fedorov’s lack of finances yielded three bank foreclosures on two homes in Metro Detroit and one in Florida, and, according to LifeSports.ru, Fedorov received worse news today–and it’s news that means that the nearly 41-year-old Fedorov, who played this past season for Metallurg Magnitogorsk, might have to continue his playing career to simply keep paying the bills.

Apparently Fedorov attempted to sue the law firm Hyman Lippitt in hopes of retrieving that $60 million sum but a district court in Michigan dismissed the case. Here’s more from the Lifesports.ru story that Malik helped to translate.

Due to the fact that he was the guarantor of Zada’s bank loans, collectors are pursuing Fedorov. At the end of last year, they tried to steal the hockey player’s luxury Maybach Mercedes Benz, his Maserati, and Ferrari, but the court overturned the decision regarding repossession. Moreover, the forward finds himself in the role of an accused party–an American company recently filed a lawsuit against the player for failing to pay $1 million for two houses in the suburbs of Detroit.

In general, Sergei either needs to find eternal youth in hockey, or better lawyers.

It’s a sad story but the worst part is that it isn’t that rare in sports. Just look at the cases of $100 million athletes such as Antoine Walker, whose bad moves and excessive generosity resulted in seemingly improbable bankruptcy. Professional athletes are just as susceptible to trusting the wrong people, losing big in gambling (Jaromir Jagr, Charles Barkley) and bad investments.

Hopefully Fedorov will get some kind of relief from his money problems. He was a great player who (to my knowledge) never really had any off-ice issues (aside from dating Anna Kournikova maybe?) and proved that Russian players were worth the risk after the fall of the Iron Curtain.

(If you want to read more about the subject, check out Malik’s article.)

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    NCAA standout Foo leaving school, will sign NHL deal this summer

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    Spencer Foo, who racked up a whopping 62 points in 38 games this year for Union College, is forgoing his senior season to achieve his “life long dream of playing in the NHL.”

    Where that dream takes place remains to be seen.

    Foo, 22, won’t be back at Union in the fall, but will complete his spring term at Union and not sign with a pro organization until summer, per the Daily Gazette. The decision comes after a banner three seasons in school, capped off with a junior campaign in which he was nominated for ECAC Hockey Player of the Year and shortlisted for the Hobey Baker.

    Foo has reportedly drawn interest from the Flyers. There have also been rumblings of the Oilers being in the mix — Foo is an Edmonton native — but it appears nearly every team has some level of interest. Consider this, from LA Kings Insider:

    The Kings are among the teams involved in [Foo’s] courtship, and asked where the stiffest competition was coming from, I was told, “about 29 other teams.”

    Foo is an undrafted free agent, so there’s no real rush for him to make a decision. Sounds like NHL teams are more than willing to wait it out.

    Announcing the Hobey Hat Trick: Aston-Reese, Butcher, Vecchione

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    Northeastern’s Zach Aston-Reese, Denver’s Will Butcher, and Union’s Mike Vecchione are the three finalists for the Hobey Baker Award.

    Aston-Reese, a 22-year-old forward, had 31 goals and 32 assists in 38 games this season. Undrafted, he signed with the Pittsburgh Penguins earlier this month.

    Butcher, a 22-year-old defenseman, had seven goals and 29 assists in 41 games for the Frozen Four-headed Pioneers. A fifth-round pick of the Avalanche in 2013, Butcher is still unsigned and is eligible to become an unrestricted free agent Aug. 15. It remains to be seen if the Avs will offer him a contract, though it’s been reported they will.

    Vecchione, a 24-year-old forward, had 29 goals and 34 assists in 38 games. Undrafted, he’s expected to sign with an NHL team shortly — possibly the Flyers or Wild.

    Jimmy Vesey, Jack Eichel, and Johnny Gaudreau were the Hobey Baker winners in each of the last three years.

    After 12-game absence, Boychuk back for Isles

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    The New York Islanders, four points back of the final wild card spot in the Eastern Conference and having lost their last two games, will get a huge boost tonight on the blueline.

    Johnny Boychuk, who’s missed the last 12 games with a lower-body injury, will return to the lineup on Thursday when the Isles take on the Flyers in Philadelphia. It’ll mark the first time the veteran defenseman has played since getting hurt back on Mar. 3.

    (Boychuk draws in at the expense of Thomas Hickey, who’ll sit tonight.)

    Needless to say, this is a massive addition for the Isles. Boychuk was averaging close to 21 minutes per night and had 21 points through 59 games before his injury, and led all New York defensemen in shots on goal.

    The Isles are going to be an interesting team to watch down the stretch. It’s tough sledding, with five of their final seven contests being played on the road, though that’s mitigated by the fact they’re playing a bunch of teams outside of the playoff picture (Philly, New Jersey x2, Buffalo and Carolina).

    McAvoy has the talent to improve Bruins right now

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    Charlie McAvoy could be in the Providence Bruins’ lineup as soon as Friday against Albany.

    Providence also plays Saturday and Sunday, so even if it’s not Friday, the 19-year-old defenseman is expected to get his first taste of pro hockey sometime this weekend.

    Of course, the real question is when his Boston Bruins debut may occur.

    “He has the attributes to be able to play NHL games right now, absolutely,” said Bruins GM Don Sweeney, per the Providence Journal. 

    McAvoy has yet to ink an NHL contract. He’s in Providence on an amateur tryout after making the decision to leave Boston University. If he plays an NHL game this season, the first year of the three-year entry-level contract he’ll sign would be burned.

    Hence, Sweeney’s desire to see McAvoy in the AHL before making any decisions.

    “This gives an opportunity for him, first and foremost, to get a chance to play professional games, which is another level for him. [We’ll] evaluate from there,” said Sweeney.

    It’s certainly possible, given McAvoy’s talent, that he could help the NHL Bruins right now. The bar is essentially Kevan Miller, Boston’s third-pairing defenseman on the right side. (If McAvoy were a left shot, the bar would be slightly lower, with all due respect to John-Michael Liles.)

    The NHL Bruins, who’ve yet to book a playoff spot, have six games left in their regular season. They host Dallas tonight, Florida Saturday, and then they’re in Chicago Sunday.

    Assuming McAvoy stays with Providence all weekend, his first real chance to get into an NHL game would be Tuesday against Tampa Bay.

    Stay tuned.

    Read more: Bruins will leave door ajar for McAvoy