New Jersey Devils claim that bankruptcy report is inaccurate

2 Comments

Earlier today, The New York Post released an exclusive article that claimed the New Jersey Devils could be headed for bankruptcy after failing to pay back a loan on Sept. 1. The story illustrated what might be a significant issue for the franchise, especially since the Prudential Center could be prone to losses if the NBA’s lockout robs them of New Jersey Nets games.

The Devils’ brass didn’t respond to interview requests from the Post, but they did release a statement about the matter today. The team reiterated their statements that their ownership situation should be resolved. The plan is that co-owner Jeff Vanderbeek will buy out Brick City LLC (both parties currently own 47 percent of the shares) and then the franchise will be able to complete a refinancing process.

Here is the team’s statement that refutes the article, via Tom Gulitti of Fire & Ice.

“Today’s New York Post story is inaccurate. The notions that the Devils are facing bankruptcy or that “the Devils have told their banks to get lost” are patently untrue. The Devils value their relationship with their banks and are confident a refinancing will be completed shortly. As stated previously, ownership is close to finalizing an agreement that would lead to a buyout of Brick City’s share of the company. The organization is also pleased to report that new season ticket sales are up 130% over last year and last week’s on-sale for single game tickets were 260% above last year’s similar period.  Finally, the start of training camp was incorrectly reported in the article as tomorrow. In fact, training camp starts on Friday for the rookies and Saturday for the veterans.”

Hopefully it’s true that the Devils aren’t in as dire a situation as the Post reports. The NHL has enough problems on its hands with teams such as the New York Islanders, Phoenix Coyotes and Columbus Blue Jackets struggling. The last thing it needs is to hear rumors fly around about a team that won three Stanley Cups since the mid-90s.

It might be a while before there are any other significant developments in this story, but we’ll keep an eye on the situation either way.

PHT’s second-round playoff predictions, featuring the red-hot Random Thing Picker

AP
3 Comments

It was a tough first round of the Stanley Cup Playoffs for many of the so-called experts of the world.

Upsets included the Predators over the Blackhawks and the Blues over the Wild. The Rangers over the Canadiens was a quasi-upset, too.

Here at PHT, it was a mixed bag. Mike Halford and Cam Tucker each went an impressive 6-2. And so too did the Random Thing Picker, which as its name suggests, picks random things. (And picks them rather well, apparently.)

Of note, the Random Thing Picker and James O’Brien were the only ones to pick the Preds over the ‘Hawks. So congratulations to both robotic lifeforms on that bit of soothsaying.

Rounding out the rest of the first-round results, Adam Gretz and Joey Alfieri went 4-4, while at 3-5, O’Brien and yours truly couldn’t even crack .500. (Stupid Jake Allen.)

On to the second round!

Washington versus Pittsburgh (Stream Capitals-Penguins)

Brough: Capitals in 7
Halford: Penguins in 6
O’Brien: Capitals in 7
Gretz: Capitals in 7
Tucker: Capitals in 6
Alfieri: Capitals in 7
Random Thing Picker: Capitals

New York versus Ottawa (Stream Rangers-Senators)

Brough: Senators in 6
Halford: Senators in 7
O’Brien: Rangers in 7
Gretz: Rangers in 6
Tucker: Rangers in 6
Alfieri: Senators in 6
Random Thing Picker: Senators

St. Louis versus Nashville (Stream Blues-Predators)

Brough: Predators in 6
Halford: Blues in 7
O’Brien: Predators in 6
Gretz: Predators in 6
Tucker: Predators in 7
Alfieri: Predators in 6
Random Thing Picker: Blues

Anaheim versus Edmonton (Stream Ducks-Oilers)

Brough: Ducks in 7
Halford: Ducks in 6
O’Brien: Ducks in 6
Gretz: Oilers in 7
Tucker: Oilers in 6
Alfieri: Ducks in 6
Random Thing Picker: Ducks

Feel free to add your picks below…

Auston Matthews to skip Worlds

Getty
Leave a comment

Auston Matthews is going to take some time off.

As such, the 19-year-old star forward won’t be heading overseas to represent the United States in the upcoming World Championship.

You can hardly blame him. Matthews just finished his rookie season in the NHL, playing all 82 games for the Toronto Maple Leafs, plus six more in the playoffs.

Oh, and he also played in the World Cup for Team North America.

Matthews did participate in last year’s Worlds. He had six goals and three assists in 10 games on the way to a fourth-place finish.

Related: Gaudreau, Eichel commit to USA Worlds roster

Blackhawks fire their AHL head coach

Getty
5 Comments

Yesterday, the Chicago Blackhawks fired longtime assistant coach Mike Kitchen.

Today, it was longtime AHL coach Ted Dent who got the ax.

Dent has been the head coach of the Rockford IceHogs the past six seasons, and he was an assistant coach for Chicago’s AHL affiliate the previous five seasons.

“The Chicago Blackhawks thank Ted for all of his contributions throughout his tenure with the organization,” GM Stan Bowman said. “He played a major role in helping a number of players reach the NHL level with the Chicago Blackhawks, many of whom became Stanley Cup champions. We wish Ted and his family the best.”

The IceHogs missed the playoffs this season, finishing last in the AHL’s Central Division with a record of 25-39-12.

Related: A furious Bowman addressed the Blackhawks’ postseason failure

Report: Canucks close to naming Travis Green head coach

Getty
Leave a comment

The Vancouver Canucks are reportedly set to announce Travis Green as their next head coach.

According to TSN’s Bob McKenzie, the announcement will be made in the next couple of days.

Green, who played over 1,000 games in the NHL including the playoffs, has been the head coach of the Canucks’ AHL affiliate in Utica the past four seasons. Under his watch, the Comets have played mostly winning hockey in spite of some rather depleted lineups.

Ever since Willie Desjardins was fired at the end of the season, Green has been the leading candidate to take over in Vancouver. The only question, really, was whether he’d be a candidate for another NHL head-coaching vacancy, perhaps with the Florida Panthers.

Assuming no last-minute hiccups, Green will take over a transitioning Canucks team that has finished 28th and 29th overall in its last two seasons, respectively.

“We’re going to be young,” president of hockey ops Trevor Linden said. “Young players make mistakes. There’s going to be some growing pains. We need a coach that understands exactly where we are.”

Related: In farewell to Vancouver, Desjardins defends his approach to young players