While some teams are struggling over whether or not they’ll be able to call their current home cities as their own, the Edmonton Oilers are securing their future in the Albertan oil town.
Oilers owner Daryl Katz and Edmonton mayor Stephen Mandel have been working together for some time now to trying to get a deal cut to build a new arena to replace Rexall Place in Edmonton. The Oilers have called Rexall Place home since they joined the old WHA back in 1974 and is the second oldest arena in the NHL, only Nassau Coliseum in Long Island is older.
Last night, Mandel and Katz announced that they’ve reached an agreement on a deal to finally build the new facility Katz and his ownership group have been hoping for. The details are juicy ones for other teams hoping to construct new buildings in the future.
The deal, approved by an 8-5 council vote following an hours-long meeting behind closed doors, closely follows a 17-part motion passed in April that laid out what the city wants to see happen.
The maximum construction cost will be $450 million. That will be covered by $100 million cash from Oilers owner Daryl Katz, $125 million from a ticket fee and $125 million from tax on surrounding development and other city funds.
The two sides will jointly work on a design.
The provincial and federal governments will be asked to put in the remaining $100 million.
Everyone’s chipping in with a piece here but it appears that fans and citizens will be helping to foot the bill in one form or another through ticket fees and taxes. While it’s a great deal for Katz and his owners and likely for downtown Edmonton development as the building will be located downtown, it always feels awkward to have so much money for deals like this come out of the citizens pockets.
At the very least, the City of Edmonton will own the facility while Katz and his people will run it and the deal worked out to build the arena locks the team into staying there for the next 35 years. Here’s to hoping things with the Canadian dollar don’t get screwy again or else this deal could turn sour.
Still, it’s a good thing for the Oilers to get themselves into a nice, new building worthy of their legacy through the 1980s and 1990s. Let’s just hope this doesn’t turn into something the fans and people of Edmonton turn around and regret in a major way in the future.
The Los Angeles Kings may owe Mike Richards money until 2031 (seriously), but in settling his grievance, the team and player more or less get to turn the page.
Not before Kings GM Dean Lombardi shares his sometimes startling perspective, though.
Lombardi has a tendency to be candid, especially in the press release-heavy world of sports management. Even by his standards, his account of Richards’ “destructive sprial” is a staggering read from the Los Angeles Times’ Lisa Dillman.
“Without a doubt, the realization of what happened to Mike Richards is the most traumatic episode of my career,” Lombardi said in a written summation he provided to the Los Angeles Times. “At times, I think that I will never recover from it. It is difficult to trust anyone right now – and you begin to question whether you can trust your own judgment. The only thing I can think of that would be worse would be suspecting your wife of cheating on you for five years and then finding out in fact it was true.”
Lombardi provides plenty of eyebrow-raising statements to Dillman, including:
- He believed he “found his own Derek Jeter” in Richards, a player who “at one time symbolized everything that was special about the sport.”
- Lombardi remarked that “his production dropped 50 percent and the certain ‘it’ factor he had was vaporizing in front of me daily.”
- The Kings GM believes that he was “played” by Richards.
Again, it’s a powerful read that you should soak in yourself, even if you’re unhappy with the way the Kings handled the situation.
Maybe the most pressing of many lingering questions is: will we get to hear Richards’ side of the story?
Despite owning two Stanley Cup rings, there are a healthy number of people who aren’t wild about Jonathan Quick.
Those people might feel validated through the Los Angeles Kings’ first two games, as he followed a rough loss to the San Jose Sharks with a true stinker against the Arizona Coyotes on Friday.
Sometimes a goalie has a bad night stats-wise, yet his team is as much to blame as anything else. You can probably pin this one on Quick, who allowed four goals on just 14 shots through the first two periods.
Things died down in the final frame, but let’s face it; slowing things down is absolutely the Coyotes’ design with a 4-1 lead (which ultimately resulted in a 4-1 win).
A soft 1-0 goal turned out to be a sign of things to come:
Many expected the Kings to roar into this second game after laying an egg in their opener. Instead, the Coyotes exploited Quick’s struggles for a confidence-booster, which included key prospect Max Domi scoring a goal and an assist.
It’s worth mentioning that Mike Smith looked downright fantastic at times, only drawing more attention to Quick’s struggles.
After a troubled summer and a failed 2014-15 season, Los Angeles was likely eager to start things off the right way.
Instead, they instead will likely focus on the fact that they merely dropped two (ugly) games.