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.)

Brennan, Granberg among list of players put on waivers

VANCOUVER, BC - MARCH 14:  T.J. Brennan #25 of the Toronto Maple Leafs skates with the puck in NHL action against the Vancouver Canucks on March 14, 2015 at Rogers Arena in Vancouver, British Columbia, Canada.  (Photo by Rich Lam/Getty Images)
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Veteran defenseman T.J. Brennan lit up the American Hockey League last season, with 25 goals and 68 points in 69 games to earn a two-way deal from the Philadelphia Flyers in July.

That deal came only three months after he received the Eddie Shore Award as the AHL’s top defenseman.

But on Friday, he was placed on waivers by the Flyers, as per Renaud Lavoie of TVA Sports, and is available to be claimed by another NHL team within a 24-hour span.If not, he can be reassigned to the minors.

Still, for Brennan, he chose this summer to remain in North America for a chance at the NHL. It was reported in June that he had received a “lucrative” offer from a KHL team, leading to talk he could take his talents to that league for the 2016-17 season.

That was before his deal with Philadelphia.

Petter Granberg of the Nashville Predators was also waived Friday.

Granberg, a 24-year-old depth defenseman, and the Predators were able to avoid arbitration this summer when the two sides agreed to a two-year, two-way, $1.225 million contract. It was suggested that he could take on more responsibility with the Predators this upcoming season.

In total, 25 players were placed on waivers Friday (check out the list here, here, here and here). Also on that list is former first-round pick Jordan Caron, who was waived by the St. Louis Blues.

Sharks prospect Meier out four weeks with mononucleosis

SUNRISE, FL - JUNE 26:  Timo Meier poses for a portrait after being selected ninth overall by the San Jose Sharks during the 2015 NHL Draft at BB&T Center on June 26, 2015 in Sunrise, Florida.  (Photo by Mike Ehrmann/Getty Images)
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The San Jose Sharks have revealed the illness that prospect forward Timo Meier has been dealing with during training camp.

A statement from Sharks general manager Doug Wilson:

Timo Meier is expected to be unable to play in any NHL or AHL games for approximately four weeks after being diagnosed with mononucleosis. He will remain in the Bay Area where he can skate and train as his recovery allows.

It was reported yesterday that Meier, selected ninth overall in 2015, had been held off the ice for five straight days due to the illness. It was also noted that his time away could open the door for other prospects to perhaps crack the roster.

The fact he’s expected to be out for up to four weeks means that, unless something changes, he won’t be ready for the start of the regular season.

On Friday, prior to the Sharks providing an update on his illness, the San Jose Mercury News reported that Meier skated with his teammates earlier in the day.

“I’m trying to stay positive,” said Meier. “I’ve only missed preseason games and obviously, still trying to make the team. But I still have some time and I’ll try to make the most of it once I’m back.”

Byfuglien leaves Jets preseason game with lower-body injury (Updated)

WINNIPEG, MB - FEBRUARY 11: Dustin Byfuglien #33 of the Winnipeg Jets prepares for the faceoff in second period action in an NHL game against the Boston Bruins at the MTS Centre on February 11, 2016 in Winnipeg, Manitoba, Canada. (Photo by Marianne Helm/Getty Images)
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The Winnipeg Jets will be without defenseman Dustin Byfuglien for the remainder of Friday’s exhibition game versus the Edmonton Oilers.

The Jets announced that Byfuglien will not return for the third period due to a lower-body injury.

Byfuglien was involved in a scuffle with Matt Hendricks earlier in the game. Ken Wiebe of the Winnipeg Sun reported on Twitter that Byfuglien went to the dressing room during the off-setting penalties.

Update: The Jets later announced that Byfuglien was held out of the remainder of the game for “precautionary reasons.”

NHL’s participation in 2018 Olympics still undecided, but World Cup expected to return in 2020

TORONTO, ON - SEPTEMBER 29:  Sidney Crosby #87 of Team Canada carries the World Cup of Hockey Trophy after Canada defeated Europe 2-1 during Game Two of the World Cup of Hockey final series at the Air Canada Centre on September 29, 2016 in Toronto, Canada.  (Photo by Bruce Bennett/Getty Images)
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TORONTO (AP) The World Cup of Hockey will return, without a doubt, and avoid another 12-year break.

NHL Deputy Commissioner Bill Daly and NHLPA Executive Director Don Fehr both confirmed for The Associated Press on Friday that they expect the next World Cup of Hockey to be in 2020.

It is much less certain whether the best players will go to South Korea to participate in the 2018 Olympics.

International Ice Hockey Federation President Rene Fasel told the AP on Tuesday the odds of NHL players going to the Pyeongchang Games were 50-50, a slight upgrade from his forecast in May.

Later the same day, Daly said he felt more “negative,” about the chances the league’s players will be in a sixth straight Olympics due to the International Olympic Committee’s decision to not pay for NHL players’ travel and insurance as it has in the past.

Fehr, who represents players who have made it clear they want to be in the Olympics, said he’s more optimistic than pessimistic a deal will get done.

Related:

Daly: NHL could skip 2018 Olympics and return in 2022

Alex Ovechkin again says he plans to play in 2018 Olympics even if NHL doesn’t participate

The union head insisted he isn’t concerned about the IOC’s stance.

“Everybody understands that nobody’s going to risk their career and future earnings and all the rest of it in return for no compensation and no coverage,” Fehr told the AP. “No one will do that. They understand that. That’s been a given for a long, long time. If it plays out that way, which I do not expect it to play out that way, we’ll deal with it.”

The IOC isn’t buying the banter.

“I think both sides are playing poker,” president of the International Ski federation Gian Franco Kasper, who represents winter sports on the IOC executive board, said Friday in an interview with the AP.

The IOC does not want to continue its past practice of paying for NHL players’ travel and insurance because it doesn’t want to have to do the same for athletes in other sports.

Fasel said it is his job to raise the money needed, which he estimates to be about $10 million. Fasel said he plans to “beg,” for the funds from national Olympic committees and hockey federations. He acknowledged using some of the $40 million the IOC gives the IIHF to fund its programs, including development opportunities for boys and girls, could be used to bring the best hockey players to South Korea.

Daly said the NHL would like a final decision to be made by the end of the year so that it can set the 2017-18 schedule with or without a break midway through the slate for the Olympics.

The World Cup of Hockey, which the NHL and NHLPA teamed up to bring back for the first time since 2004, does not conflict with the league’s schedule because the games were played during training camp and early preseason games.

Playing hockey in late September, however, is not an ideal time to draw TV viewers in the U.S. in part because of interest in the NFL, college football and baseball.

Game 1 with Canada and Team Europe in the World Cup finals on Tuesday night – without direct competition from football – drew just 494,000 viewers on ESPN. A mere 297,000 people tuned in to watch Sweden face Europe in the semifinals on Sunday afternoon on the cable network. With a potentially interesting matchup with Canada and Russia, just 353,000 were watching hockey on ESPN.

Daly acknowledged it was a “challenge,” to engage Americans enough to watch the event. It did not help that the U.S. and North American Under 23-teams didn’t make it to the semifinals of the eight-team tournament.

It was also, surprisingly, difficult to fill seats at the home of the Toronto Maple Leafs despite being in hockey hotbed even though the league said ticket sales went very well. It seemed many more people were interested in attending Toronto Blue Jays games when world-class hockey matchups and playoff-push baseball games were played at the same time.

The level of hockey, at times, was impressive. And, the atmosphere was electric when Canada rallied from a one-goal deficit in the final few minutes Thursday night to beat Europe 2-1.

During many stretches of play, however, the World Cup of Hockey didn’t do enough to fire up fans in attendance.

Days before Canada beat Europe 2-0 in the best-of-three series to win the World Cup, Canadian coach Mike Babcock seemed to sum up the situation best.

“The World Cup is great. It’s not the Olympics,” Babcock said in an unsolicited comparison of the two events. “Let’s not get confused.”