Dallas Stars v New Jersey Devils

Devils have until June before they can be forced into bankruptcy

Yesterday, the New York Post published an article stating that the New Jersey Devils missed a September 1st deadline to pay $100 million to lenders. Later in the day, the Devils organization announced that the Post’s story was “patently false.” If that’s the case, it sounds like Forbes has the same false information—because they too are reporting that the franchise was unable to pay creditors on September 1st.

Forbes goes deeper to explain that even if the team failed to make promised payments earlier this month, any bankruptcy proceedings would still be in the distant future (read: after the season). Forbes Executive Editor Mike Ozanian explains the details:

“Despite being unable to pay lenders $100 million that was due September 1, the NHL’s New Jersey Devils do not have to worry about being forced into bankruptcy by creditors for at least nine months because a consent letter stipulates lenders cannot take action against the Devils until after the last game of this season’s Stanley Cup playoffs, which should be around mid-June.”

Jeff Vanderbeek and Brick City LLC currently co-own the Devils with each claiming 47% in the NHL franchise. Brick City LLC has been looking to sell off their interest since February—an interest that Vanderbeek now plans on purchasing in order to refinance the team. Where it could get interesting is the value of the team vs. the amount of the debt. Forbes valued the Devils at $218 million last December—a value that includes money made from non-NHL events. Unfortunately for Vanderbeek, those projections for the coming year can be expected to decrease as forty-one New Jersey Nets home games would vanish if a potential NBA lockout wipes out the 2011-12 season. Even if the teams can salvage part of the season, revenue will be lost with each and every game missed. Mix in the fact that the outstanding debts stand at $250 million and refinancing the team might not be as easy as it sounds.

For the moment, we can give both sides the benefit of the doubt. Yes, the New York Post was correct when they said the Devils could face bankruptcy proceedings for failing to pay on September 1. On the other hand, the Devils don’t believe their facing bankruptcy because they have until June to hammer out the Brick City buyout and refinance the team. Either way, we’re splitting hairs.

No matter how you slice it, it would help everyone involved if the Devils could get off to a good start. They’ve already sold more tickets than they had at this time last season—so there’s potential to start bringing fans into the building. In a gate-driven league, there’s no substitute for sellout crowds packing the arena, paying for parking, buying beer, and picking up merchandise at The Rock.

Let’s be honest: nothing brings in fans and revenue quite like winning.

The Ducks look pretty mighty right now after six consecutive wins

Anaheim Ducks v Los Angeles Kings
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In what should be a disturbing trend for every other team in the Pacific Division, the Anaheim Ducks have now won six consecutive games, and eight of their last 10.

After dominating the shot clock for pretty much all of Friday’s game against the Arizona Coyotes, the Ducks completely took over on the scoreboard in the third period. It seemed like only a matter of time before a breakthrough would occur.

Just 24 hours after beating the L.A. Kings, the Ducks earned a 5-2 victory over the Coyotes.

Ryan Kesler has eight points in his last six games. Corey Perry has seven points in his last six games. Patrick Maroon, who had only eight points all season prior to Friday, had a three-point night versus Arizona.

Again. Bad news for every other team in the Pacific.

The Ducks now have a three-point lead over the Coyotes for third place in the division. They’re one point back of second-place San Jose and eight back of division-leading L.A.

As for everyone else, more specifically the Canucks, Flames and Oilers, well it might be time to start focusing more on the upcoming trade deadline and, beyond that, the draft.

The Ducks had a terrible start to this season, one that started with so much hype about a team seen as an immediate Stanley Cup contender for 2015-16.

Count Corey Perry as one who believes those early season struggles could pay off at playoff time.

And remember all of that talk in October about Bruce Boudreau perhaps at the end of his days as coach of the Ducks?

At the end of October, GM Bob Murray vowed to be patient despite such a poor start just a few months after being one win away from the Stanley Cup Final last June.

There is still plenty of hockey remaining in the regular season. The Ducks have 32 games remaining on their schedule. But it appears that patience Murray showed in October is paying off.

Jets can’t complete the comeback after miserable start against Hurricanes

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WINNIPEG, Manitoba (AP) Phillip Di Giuseppe, Andrej Nestrasil, Jordan Staal and Justin Faulk scored in the first period, and the Carolina Hurricanes held on for a 5-3 victory over the Winnipeg Jets on Friday night.

The Hurricanes scored four times on their first nine shots, taking a 4-0 lead just 10:04 into the game. Nestrasil added another goal in the third period, and Cam Ward made 33 saves. Staal and Joakim Nordstrom each had a pair of assists.

Alexander Burmistrov, Andrew Ladd and Blake Wheeler scored for Winnipeg.

Jets rookie Connor Hellebuyck allowed three goals while facing only six shots before being replaced by Michael Hutchinson after Staal’s power-play goal just 4:33 in. Hutchinson, who hadn’t played since a 4-1 loss in Anaheim on Jan. 3, finished with 21 saves.

The loss wrapped up Winnipeg’s season-high six-game homestand, which included just one victory.

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Carolina’s first goal came after the Jets turned over the puck and Di Giuseppe scored on a sharp-angled shot at 1:43.

Hellebuyck then kicked out a bad rebound and Nestrasil tallied his 16th goal of the season in his 100th NHL game from almost the same angle at 3:05.

With Byfuglien in the penalty box for delay of game, Staal’s shot beat Hellebuyck, ending the young goalie’s night.

Faulk made it 4-0 when his team’s third shot at Hutchinson went between his pads at 10:04.

The Jets came out at a faster, more aggressive pace to start the second period and it paid off with 1:25 remaining.

Andrew Copp and Chris Thorburn were battling a pair of Hurricanes behind the net when Thorburn poked the puck out front as he was falling and Burmistrov got his sixth goal of the season.

Ladd, who hit the post late in the second period, banged home a rebound with Hurricanes winger Jeff Skinner off for hooking at 9:07 of the third.

Byfuglien one-timed a pass from Nikolaj Ehlers that Wheeler deflected to make it 4-3 with 6:12 remaining.

Nestrasil sealed the win with his second goal at 18:40.

NOTES: Ehlers’ assist extended his point streak to six games, with four goals and four assists. … Winnipeg heads out for a two-game road trip starting in Colorado on Saturday. Carolina visits Montreal on Sunday.

Video: Zatkoff robs Condra with sprawling paddle save

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All Erik Condra had to do was lift the puck off the ice.

He didn’t, and as a result, he was robbed by sprawled out Pittsburgh Penguins goalie Jeff Zatkoff, who made a spectacular desperation save with the paddle of his stick on the Lightning forward.

The save occurred just past the midway point of the third period. That kept the Penguins in the game, down by a goal at the time.

However, the Penguins couldn’t get the equalizer. The result was a 6-3 loss for Pittsburgh, as Tampa Bay scored twice later in the period.

Defending Eastern Conference champion Bolts continue hot streak

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Remember those distractions the Tampa Bay Lightning had to endure?

— The future of captain Steven Stamkos, who is a pending unrestricted free agent and whose contract situation has been an ongoing discussion point for months now.

Jonathan Drouin‘s camp publicly requesting a trade, then having the 20-year-old forward sent to the minors and then suspended by Tampa Bay, etc.

Well, through it all, the defending Eastern Conference champions have emerged and are now one of the hottest teams in the National Hockey League . Since the start of January, the Bolts have lost twice. In 13 games.

They continued their hot streak Friday, defeating the Pittsburgh Penguins — another of those teams on an impressive streak — by a final score of 6-3, with Tyler Johnson leading the way with three points. He was one of six Tampa Bay players to record a multi-point night.

Penguins’ goalie Marc-Andre Fleury was pulled in the second period after allowing four goals on 14 shots.

Tampa Bay is now five points behind the Florida Panthers for first in the Atlantic Division.

For the Penguins, the loss keeps them on the outside of the playoff bubble for now. They remain one point back of New Jersey for the final Wild Card spot in the East.

Sidney Crosby extended his point streak to nine games. He also has goals in five straight and is one point shy of 900 for his career.