Dallas Stars v Carolina Hurricanes

Hurricanes owner continues to look for new investors, says team ‘broke even’ in 2010-11

It’s pretty tough to believe that two teams blew opportunities to clinch playoff berths in their final contests of the 2010-11 season. The Dallas Stars could have robbed the Chicago Blackhawks of a spot after the ‘Hawks dropped a game to the Detroit Red Wings on NBC, but the Stars whiffed in a game against the Wild in Minnesota. A similar scenario played out the night before, as the New York Rangers beat the New Jersey Devils, forcing the Carolina Hurricanes to beat the Tampa Bay Lightning to make the playoffs.

Of course, the Lightning decided that they wouldn’t allow their division neighbors to make the postseason without a fight. Tampa Bay throttled Carolina 6-2, crushing the Canes’ playoff dreams with a resounding thud.

Even with that tough-to-stomach conclusion in mind, the 2010-11 season brought some positives to the Hurricanes franchise and fans. For one thing, 2011 NHL All-Star Game seemed like a celebration of the market’s interest in the sport. As it turns out, the Hurricanes also avoided losing money. The Charlotte Observer passes along owner Peter Karamanos Jr.’s claims that the team “broke even” last season, even without making the playoffs.

Despite the Hurricanes missing the Stanley Cup playoffs last season, the team broke even financially, Karmanos said. The Canes were one victory away from reaching the playoffs but lost their last regular-season game at home 6-2 to the Tampa Bay Lightning, which advanced to the Eastern Conference finals.

“That was not one of my brightest moments,” Karmanos said the final-game disappointment. “But we played a lot of meaningful games at the end of the season and at least we got to the last game with a chance. If we had gotten in the playoffs, I really think we’d have fared as well as Tampa.”

Karamanos has been hoping to sell at least a portion of his stake in the team for quite a few years now. Karamanos revealed that 9-10 people might buy a 15-20 percent stake in the Hurricanes.

Karmanos said all of the investors were based locally, although he did not name any of the individuals. In February, he said he hoped to have as many as 20 or 30 new partners, each investing $1 million to $3 million.

“We won’t have quite that many, but the ones we will have will invest closer to the higher number ($3 million) than the lower,” Karmanos said in an interview. “Things are going pretty well. We have had a lot of local people who have shown interest. It doesn’t hurt that Forbes calls Raleigh one of the best places to do business and live.

“We’re still in the process of going through all the legal documents. It’s moving along well. These are people who want to see the Hurricanes thrive and understand their involvement will give the Hurricanes even more exposure in the community.”

Karamanos seemed to argue against the Hurricanes being a “budget team,” but right now they appear to be one because they’re close to the salary cap floor with little indication that they’ll spend much more soon. GM Jeremy Rutherford was probably wise not to match the Montreal Canadiens’ hefty offer toward Erik Cole, but it’s doubtful that the team improved a whole lot this off-season. That could make a playoff run difficult next season considering the strength of the Southeast Division’s two powers (Tampa Bay and Washington), the possibility of improvement by Florida and the mystery in the making that is the Winnipeg Jets.

That being said, it’s heartening to hear that the Hurricanes didn’t need to make the playoffs to be a reasonable success at the box office last season. Perhaps that will help Karamanos find some investors who can allow the team to spend the money to make them a bigger threat on the ice in the future.

(H/T to Canes Country, which discusses the Hurricanes’ potential to turn a profit a bit more.)

Bolts avoid arbitration with Namestnikov — two years, $3.875M

Vladislav Namestnikov
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Tampa Bay has avoided Friday’s scheduled arbitration hearing with forward Vladislav Namestnikov, agreeing to a two-year, $3.875M deal on Tuesday evening, per ESPN.

Namestnikov, 23, had a breakout campaign last year, scoring 14 goals and 35 points in 80 games — all career highs. The former first-round pick also appeared in 17 playoff games for the Bolts, scoring a goal and three points while helping the club to the Eastern Conference Final.

Coming off a one-year deal in which he made $874,125, the diminutive Russian gets a nice pay bump with this latest contract, and a bit of security with the two-year term. He should play a fairly integral role next season, coming off a year in which he finished tied for fourth on the team in goals, with Tyler Johnson.

But while tonight may be about Namestnikov, it’s another Russian forward in Tampa Bay that everybody now has their eyes on — Nikita Kucherov, the playoff scoring sensation that declined to file for arbitration, but still requires a new deal.

Given some of the big-money contracts GM Steve Yzerman has handed out this summer — namely those to Steve Stamkos, Victor Hedman and Alex Killorn — the Kucherov negotiations are definitely ones to keep an eye on.

Talks ongoing between Wild and Dumba, meeting expected soon

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There’s just one piece of business left for Minnesota this summer — a new contract for RFA defenseman Matt Dumba.

And it sounds like that piece of business will soon be attended to.

From the Star-Tribune:

There have been ongoing talks between Wild assistant GM Brent Flahr and [Dumba’s] agent Craig Oster.

The two are expected to meet face to face in Calgary at the Hockey Canada camp.

Dumba, the former No. 7 overall pick, just wrapped his entry-level deal, coming off a campaign in which he set career highs in games played (81), goals (10) and points (26).

He also notched a pair of assists in the Wild’s six-game loss to Dallas in the playoffs.

Dumba, 22, did see his name surface in trade talks this season. There was a report in late January that he was the return piece in a potential swap for Tampa Bay’s Jonathan Drouin, and he’s been tied to teams looking for a blueline upgrade.

A good puck mover with offensive skills — and a right-handed shot — Dumba is definitely a commodity. What’s more, logic suggests the Wild could opt to move him, given the long-term financial commitments to fellow defensemen Ryan Suter (signed through 2025 at $7.53 million), Jonas Brodin (2021 at $4.16M), Jared Spurgeon (2020, $5.18M) and Marco Scandella (2020, $4M).

Minnesota has some other young defensive prospects in the system, too.

There’s former Gophers standout Mike Reilly, Miami of Ohio product Louis Belpedio and Gustav Olofsson, the 46th overall pick in ’13 that’s been honing his game in AHL Iowa (and made his NHL debut last season).

The Wild are in control of the Dumba situation and can slow play negotiations, possibly while re-exploring trade scenarios. Don’t forget the Bruins are still in search of the “transitional” defenseman they desperately want.

But should things go the expected way and Dumba re-signs in Minnesota, the Star-Tribune said a bridge deal is the “likeliest” outcome.

Journeyman enforcer Rosehill signs with Scottish team

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Noted pugilist Jay Rosehill has followed in the footsteps of his fellow tough guys, and will try his hand overseas.

Specifically, in the United Kingdom.

On Tuesday, the EIHL’s Scottish-based outfit in Braehead — the Clan — announced it had signed Rosehill for the upcoming campaign. The move comes after the 31-year-old spent each of the last two seasons with Philly’s AHL affiliate in Lehigh Valley.

Though he’s slowed down in recent years, Rosehill has long been known as an extremely active fighter. At no time was this more evident than during the ’08-09 campaign, when he fought a staggering 33 times (yeah, thirty-three) while playing for AHL Norfolk.

Rosehill last played in the NHL during the ’13-14 campaign, scoring two goals in 34 games for the Flyers — while racking up 90 PIM.

Here’s an example of some of his most famous handiwork:

As mentioned above, the EIHL has landed a few notable ex-NHL fighters. Cam Janssen, Kevin Westgarth, Paul Bissonnette and Tom Sestito have all played there.

 

 

Veteran d-man Foster retires, moves into coaching

UNIONDALE, NY - DECEMBER 13:  Kurtis Foster #26 of the Minnesota Wild looks on during their NHL game against the New York Islanders on December 13, 2005 at Nassau Coliseum in Uniondale, New York.  The Wild defeated the Islanders 4-3.  (Photo by Jim McIsaac/Getty Images)
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Kurtis Foster, who appeared in over 400 games during a 10-year NHL career, is hanging up his skates to enter the next phase of his hockey life — coaching.

Foster, 34, has rejoined his former junior team in OHL Peterborough as an assistant coach, per the Examiner. The decision comes after Foster spent the last three years playing overseas in the KHL and, most recently, in the German League.

The 40th overall pick in 2000, Foster is often remembered for a horrific leg break while playing for Minnesota during the 2007-08 campaign, in which his femur was shattered by Torrey Mitchell after Mitchell tried to prevent an icing call.

The severity of the collision and Foster’s injury — he underwent emergency surgery, nearly bled out and almost lost his leg — prompted an immediate rule tweak from the NHL, and has since been viewed as a catalyst for the league’s adoption of no-touch icing.

Impressively, Foster recovered from the broken femur to post a career-high 42 points in 74 games with the Lightning in ’09-10.

In addition to the Wild and Bolts, Foster spent time with the Thrashers, Oilers, Ducks, Devils and Flyers.