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.)

WATCH LIVE: Canucks vs. Kings from Shanghai, China

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The Vancouver Canucks and L.A. Kings will make history on Thursday.

The two teams will face each other in an exhibition series in China, marking the first time NHL teams will play preseason games in that country. The two-game set gets underway with Thursday’s contest from the Mercedes-Benz Arena in Shanghai.

Set your alarms, wake up early (especially if you’re on the west coast!), put on a pot of coffee and catch the game on NBCSN (7:30 a.m. ET) or online with the live stream.

CLICK HERE TO WATCH LIVE

Here are some links to check out for today’s game:

NHL hopes to make inroads in China with exhibition games

It was a little on the foggy side for Canucks practice in Shanghai

Canucks-Kings exhibition series in China highlights preseason schedule

NHL preseason games in China are ‘the biggest deal’ for local fans

NHL looks to China to ‘expand the sport’

 

Video: Flames goalie makes incredible behind-the-back glove save

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A save of the year candidate in September? It’s possible.

Jon Gillies of the Calgary Flames made an incredible stop during Wednesday’s exhibition game against the Vancouver Canucks.

The camera angle from directly above the net is the best, as it clearly shows how Gillies appeared to bump the puck back toward the goal line, then suddenly reach back with a no-look, behind-the-back glove save to prevent a Canucks goal and stop play.

That is one incredible save.

Drouin shows ‘commitment’ to community with donation to Montreal hospital

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Jonathan Drouin has yet to play a regular season game for his new team, the Montreal Canadiens.

But after getting traded to the Habs in the summer, Drouin has already made a sizable contribution in the community, donating $500,000 over 10 years to the University of Montreal Hospital Centre and planning to help in the fundraising activities to raise an additional $5 million, according to The Canadian Press.

From Sportsnet:

“I think all of that had some impact on his overall decision making,” Drouin’s agent Allan Walsh told Sportsnet. “One day when he’s retired and 50 years old, that hospital [which will begin serving patients for the first time this coming October] will still be here and he’ll have played a role in its development. That means something to him.

“But I think more than anything else he wants to help people. If he can help people—the hospital is going to be the largest hospital in North America and there’s a tremendous need for it in the city—and if he can use the fact that he plays for the Montreal Canadiens to do that, I wish more players felt that kind of responsibility to their communities.”

As noted in the Sportsnet piece above, Drouin is following in the footsteps of Saku Koivu and P.K. Subban, who made generous donations in the community during their time in Montreal.

The Habs acquired Drouin from the Lightning in June, sending prospect defenseman Mikhail Sergachev to Tampa Bay. They then signed the 22-year-old forward — who was born in nearby Ste-Agathe, Que. — to a six-year, $33 million contract.

It won’t be long before the pressure falls on Drouin’s on-ice ability, especially playing as a potential No. 1 center in Montreal and essentially being a hometown player for the Habs. But without even playing a meaningful game for his new team, he’s already giving back to an important cause in the city.

“And when you look at that, if you make $6 million and you give $50,000 a year, it’s not a big deal and you get tax receipts,” he said, per the Montreal Gazette. “But it’s a commitment, and being involved in the community and doing something for your community I think it’s something that you have to do.”

Lupul apologizes, takes ‘full responsibility’ after calling out Maple Leafs on Instagram

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Joffrey Lupul made headlines earlier this week after appearing to make accusations against the Toronto Maple Leafs on Instagram.

The comments — which have since been deleted but caught on a screen grab — came after the Maple Leafs announced Lupul failed his physical prior to training camp for the second year in a row.

“I’m ready … just awaiting the call,” Lupul wrote in the comments section of the Instagram post, per the screen grab. “haha failed physical? They cheat. Everyone lets them.”

On Wednesday, the 33-year-old forward, who hasn’t played since the 2015-16 season, posted a statement on his verified Twitter account, saying his Instagram comments were an “inappropriate response.”

Here is his entire statement:

What’s also significant is that he stated he will not seek a second medical opinion regarding this failed physical. As previously noted, that option was available to him, although, per reports, the deadline for this was 5 p.m. on Thursday.

Lupul is in the final year of his five-year, $26.25 million contract.