The 2010-11 season might have left the City of Glendale feeling a bit bloated, but Rebekah L. Sanders of the Arizona Republic reports that they have until Monday to pay the bill. That means they’ll need to pay the NHL the $25 million they promised, although Sanders reports that the Phoenix Coyotes’ actual losses amounted to a whopping $36.6 million in the last eight months dating up to March.
I’ll just let you marinate in that figure for a moment: $36.6 million.
Sanders reports that the city promised taxpayers that they wouldn’t need to foot that $25 million bill since a new owner would take care of it, but the sale is obviously still in limbo.
Some people will jump to the conclusion that the “deadline” is now Monday, but if this twisted saga proves anything, it’s that there aren’t many clear answers to its many questions. The NHL might cut the City of Glendale a break (it is coming off a season of record-breaking projected revenues, after all) by giving them an extension, perhaps.
Who knows at this point, though. Yesterday’s big story was that the Winnipeg city mayor Sam Katz openly doubts that the Coyotes will move to his city because of the threat of a lawsuit. The potential sale of the Atlanta Thrashers also hangs in the balance of this mess, so there are two NHL franchises greatly affected by what shall occur in the next weeks/months.
Every time there seems to be a moment of clarity in this situation, the odds-on favorite scenario flips on its head. For that reason, we won’t forecast a winner; instead, we’ll just keep you up to date as the situation continues to change. Eventually we might even be able to discuss a resolution to the matter.
Since being selected by the Coyotes at 13th overall in the 2010 NHL Draft, Brandon Gormley has had a difficult time breaking into the league on a full-time basis.
On Thursday, the 24-year-old Gormley joined his third NHL team, signing with the New Jersey Devils on a one-year, two-way deal worth $650,000 at the NHL level, the club announced.
Despite his draft status, Gormley has yet to play a full season in the big league, although this deal could give him an opportunity to end that. For the Devils, the deal adds more depth to their blue line and for a friendly price.
Last season, Gormley split time between the Colorado Avalanche and its farm team, the San Antonio Rampage. Despite some high expectations about where he could fit on the Avs’ blue line, he was eventually put on waivers in January.
He ended the season with one assist in 26 games with the Avalanche, and hit the open market after Colorado didn’t give him a qualifying offer.
After ongoing contract talks between the Minnesota Wild and restricted free agent defenseman Matt Dumba, the two sides have come to a deal.
The Wild announced Thursday that they had signed Dumba to a two-year deal, worth a total value of $5.1 million.
A breakdown of the new deal:
— In 2016-17: $2.35 million.
— In 2017-18: $2.75 million.
Selected seventh overall by the Wild in 2012, Dumba had his most productive campaign this past season, with 10 goals and 26 points in 81 games.
Known for his offensive skills — he had 20 goals and 57 points with Red Deer in the WHL in his draft year — Dumba also brings a coveted right-shot to the Wild blue line, which features four players with contracts of four or more years of term remaining.
As per General Fanager, the Wild still have $2.168 million in projected cap space, but they have secured all their remaining restricted free agents.
The New York Rangers announced that they’ve re-signed Marek Hrivik to a new contract. The term and financial details of the deal were not released.
Hrivik signed with the Rangers as an undrafted free agent in May 2012. The 24-year-old made his NHL debut in 2015-16 and ended up playing five games for the Rangers. He had one assist and a plus-3 rating during his time in the NHL.
The young forward was an important part of New York’s AHL affiliate in Hartford. Hrivik finished his AHL campaign with 12 goals and 29 assists. He tied for the team lead in assists and finished third in points.
If you go by Hrivik’s tweet, it appears as though he signed a one-year contract:
Now that Hrivik is re-signed, the Rangers have no more free agents of any kind, per General Fanager.
Another day, another scheduled arbitration hearing avoided.
According to multiple reports, defenseman Michael Stone and the Arizona Coyotes have settled on a one-year, $4 million deal, well ahead of their scheduled arbitration hearing set for Aug. 4.
Stone, 26, was a restricted free agent coming off a three-year contract with an AAV of $1.15 million.
Last season in Arizona, he hit new career highs in points with 36 and assists with 30. He also logged some heavy minutes, playing more than 22 minutes per game, which was second behind only Oliver Ekman-Larsson. That includes being used on both the power play and penalty kill.
Just more work done for the Coyotes on Thursday.
Earlier in the day, they announced they had signed defenseman Connor Murphy to a six-year contract extension, worth a total of $23.1 million.
Related: Coyotes’ defensive makeover continues with Luke Schenn signing