Nationwide Arena

Columbus officials release arena lease proposal to help keep Blue Jackets in town

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With the Columbus Blue Jackets reporting record financial losses over the past few seasons, totaling over $80 million in the last six years and $25 million last year, they’re an organization that’s in desperate need of help to get out of their money woes. With so much money bleeding from the Blue Jackets, owner John P. McConnell has said that if things aren’t turned around that he’ll have to move the team.

While wins haven’t been easy to come by and they’ve made the playoffs just once in franchise history, there’s a plan on the table to try and ensure that the Blue Jackets can stay in Columbus.

This afternoon, a proposal was announced that would see Nationwide, the insurance company that owns the naming rights to the Blue Jackets arena, as well as Franklin County, Ohio and the City of Columbus would team up together along with revenues from a proposed casino to buy the arena.

Doug Caruso of The Columbus Dispatch outlines the plans to help keep the team in Columbus.

Franklin County and Columbus would pledge up to a third of the tax revenue they collect from the Hollywood Casino on the West Side through 2039 to finance the $42.5 million purchase of the arena from Nationwide Realty Investors and pay to operate it, said John Rosenberger, a lawyer hired by Columbus and the county in 2009 to negotiate an arena deal. The Franklin County Convention Facilities Authority would own the arena.

Under the agreement, Nationwide would invest $52 million in the Blue Jackets and would take a 30 percent ownership interest in the team. It would have naming rights to the arena for 10 years.

It’s no secret that money is tight in America and using public money to finance the purchase of an arena, even split up over many groups, raises a giant red flag. While the arena would then belong to the county, the fact that it’s money from the people and not a private firm or even the Blue Jackets owners, is the part that makes this deal seem very curious.

We’ve seen proposals using public money land with a thud in Glendale and on Long Island and those were deals that would’ve secured the location of the Coyotes in Arizona and the Islanders on Long Island for years to come. Those matters were shot down either by government watchdogs or via public vote.

In Columbus, this deal would need to be approved by a vote of the Columbus City Council and Franklin County commissioners to make it work. As for what the deal will do to slow down the losses, Caruso breaks down the numbers.

The deal is expected to save the team $9.5 million a year. The team would agree to remain in Columbus through at least 2039.

The $42 million purchase price for the arena is slightly lower than the $44 million value Nationwide placed on it during court proceedings to set the taxable value of the building in 2006, a case in which it was in the company’s interest to set the price as low as possible. The county auditor had valued the arena at $129.7 million. It cost $147.1 million to build in 1999, Nationwide said at the time.

The state of Ohio would help out with the purchase through a $10 million loan, half of which can be forgiven by the state.

The part that makes the use of public money more irksome is the fact that people in the area voted against using public money to build the arena in the first place. Using it now to make sure the lead tenant can stick around seems like an end-around way of getting what they wanted in the first place.

We’re all for doing the right thing to keep a team in place, but the use of taxpayer money is what will always make us feel awkward. If it’s money that had no other destination for usage that’s fine, but burning public bucks during tough financial times makes the situation feel nervous. The Blue Jackets are the only major professional team in Columbus and letting the arena go vacant would be a tough blow to the city and the community so this move could be viewed as one meant to keep the economy rolling until 2039, it just feels a little bit uncomfortable going all in on supporting it.

Update (5:37 p.m.): Blue Jackets team president Mike Priest issued a statement about the deal on the team’s website.

“We are appreciative of the comprehensive work and due diligence delivered in this report. Mr. Dorrian, Bill Jennison and John Rosenberger each understand the issues and this report offers a solution that will provide a long term sustainable business model for the organization. We are encouraged by the report’s findings.”

‘I felt a huge pop’: Bishop suffered an ankle/shin injury in Eastern Conference Final

Tampa Bay Lightning goalie Ben Bishop looks at the ice after allowing a goal by Detroit Red Wings' Gustav Nyquist in the second period of an NHL hockey game in Detroit, Saturday, March 28, 2015. (AP Photo/Paul Sancya)
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Tampa Bay Lightning goalie Ben Bishop revealed he had strained ligaments in his ankle/shin area, which ultimately put him on the sidelines for the Eastern Conference Final.

Bishop was stretchered off the ice after suffering the injury in the first period of Game 1 versus the Pittsburgh Penguins, and never returned to game action, meaning back-up Andrei Vasilevskiy had to take over the starting duties for the duration of the series.

“When I went down, I felt a huge pop. I thought somebody two-handed me in the shin. Once I felt the pop and then it was a bunch of pressure and pain, I thought my leg broke,” Bishop told reporters.

“I pretty much strained all the stuff in my shin and ankle. I was coming back and it was getting better. I was able to skate there at the end but going down in the butterfly and those movements — like going up against the post — it was still really painful and I just wouldn’t have been effective.”

Bishop estimated he was getting close to a return, but still a “week or so” before he could play with the pain.

“It was getting there. Just tough timing.”

Bishop, 29, has one more year remaining on his current deal that comes with a cap hit of $5.95 million and is slated to become an unrestricted free agent at the end of next season. Vasilevskiy, 21, played well when called upon in the post-season and has one year remaining on his deal. He’s slated to become a restricted free agent after next season.

Lightning GM Steve Yzerman acknowledged that at some point, a decision on their goalies will probably be necessary, either for salary cap reasons or perhaps a potential expansion draft.

“We’ve got two outstanding goaltenders. I know that,” said Yzerman.

Added Bishop: “If you look around this league right now, you need two goalies to win.”

Yzerman: ‘I think the best thing for this team is Jonathan Drouin being on it’

TAMPA, FL - APRIL 30:  Jonathan Drouin #27 of the Tampa Bay Lightning celebrates his goal against the New York Islanders  during the first period in Game Two of the Eastern Conference Second Round during the 2016 NHL Stanley Cup Playoffs at Amalie Arena on April 30, 2016 in Tampa, Florida. (Photo by Scott Iskowitz/Getty Images)
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Talk about a whirlwind season for Jonathan Drouin.

The talented forward, and third overall pick in the 2013 NHL Draft, went from the center of a well documented controversy for a public trade request to a pivotal component for the Tampa Bay Lightning in its playoff quest that fell just short of a Stanley Cup Final berth after a Game 7 loss to the Pittsburgh Penguins in the Eastern Conference Final.

The 21-year-old Drouin, recalled from the AHL when Steven Stamkos was taken out of the lineup with a blood clot, scored five goals and 14 points in 17 playoff games. And, based on the comments of general manager Steve Yzerman to reporters, he’ll be a regular on this team when the 2016-17 season begins in the fall.

Drouin has one more year remaining on his entry-level contract before he’s a restricted free agent, as per General Fanager.

Funny how some things can change.

The Drouin trade request was one of the more contentious — not to mention ongoing — storylines this season. But it could be that both sides have since resolved their differences.

“I definitely want to be here,” said Drouin, as per the Tampa Bay Times. “I love the way this ended, I guess with this different and weird year. But the way this finished and it’s definitely somewhere I want to play.”

In this case, the best deal was the one Yzerman never made. Even as speculation and reports and rumor circulated the situation for weeks leading up to the trade deadline.

“He makes us a better team. Simple as that,” Yzerman told reporters. “He can do things — a talented young player that’s only going to get better.

“I think the best thing for this team is Jonathan Drouin being on it.”

 

Penguins enter Stanley Cup Final as favorites over Sharks: online bookmaker

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The Pittsburgh Penguins, led by the likes of Sidney Crosby, Evgeni Malkin and Kris Letang, were last in the Stanley Cup Final in 2009, when they hoisted hockey’s silver chalice.

The San Jose Sharks are in uncharted waters, having never been here before, and that includes Joe Thornton and Patrick Marleau, both veterans of more than 1,000 regular season games played.

Perhaps that’s why the Penguins, one of the marquee NHL teams given their generational super star Crosby, are -135 favorites to win the Stanley Cup, according to online bookmaker Bovada on Friday. The Sharks were listed as +115 underdogs.

The Penguins, a force in the NHL since a coaching change in mid-December, became the betting favorites to win it all following their series win over Alex Ovechkin and the rival Washington Capitals in the second round.

Game 1 of the final goes Monday in Pittsburgh, where the Penguins will start with home ice advantage.

So far in these playoffs, the Penguins have gone 7-3 at Consol Energy Center. The Sharks are 5-4 on the road, where they actually started 3-0 following the first round against the L.A. Kings.

Right now, the Sharks possess the top three point producers in these playoffs in Logan Couture, Joe Pavelski (the leading goal scorer with 13) and Brent Burns, while Phil Kessel — as part of that dynamic HBK Line — is fifth in the league and leads the Penguins with 18 points in 18 games.

 

‘Two legends’ Thornton and Marleau prepare for first Stanley Cup Final

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SAN JOSE, Calif. — Joe Thornton and Patrick Marleau have been linked ever since they went one-two in the 1997 NHL draft to Boston and San Jose.

They became teammates with the Sharks more than a decade ago, won a gold medal for Canada at the 2010 Olympics and each had their captaincies stripped as they became the faces of so many postseason failures in San Jose.

Now at age 36 and after more than 3,000 combined games, 949 goals and 2,610 career points in the regular and postseason, Thornton and Marleau have the opportunity to add the only thing missing on their impressive career resumes if they can win the Stanley Cup.

“It’s just the next step for us,” Thornton said Friday. “We’ve been doing a really good job of staying day to day, shift to shift. This is just another challenge we’re hoping to come out on top on.”

Related: Here’s your  TV schedule for the Stanley Cup Final on NBC Sports

The two will take the ice in the Stanley Cup Final for the first time in their careers on Monday night in Pittsburgh, ending a long journey that included many disappointments and criticism that was often undeserved.

“It’s two legends,” teammate Brent Burns said. “I’ve said it before. Those two are some of the best players to ever play the game. It’s huge to get them here. They’ve done pretty much everything else. They sometimes take a bad rap in the media, which is unnecessary. Anybody that’s played with them sees the way that they work and what kind of teammates they are, what kind of people they are. They’re two of the best.”

They just haven’t always been considered that way because of the lack of playoff success that was at times as much a reflection on the lack of help they got as it was on any deficiencies in their games.

But both also had times when they failed to raise their game at the biggest points of the season. Thornton went pointless during a seven-game series loss to Montreal in his final playoffs in Boston in 2004 while he played with torn rib cartilage. Thornton also posted a -11 rating in the 2010 playoffs in San Jose when the Sharks got swept by Chicago in the Western Conference final.

Marleau struggled in the 2007-09 playoffs when San Jose got knocked out twice in the second round and then lost as the top seed in the first round to Anaheim in 2009. That led to the Sharks demoting him from captain.

The two have had plenty of playoff success along the way as well, but it has been the failures that colored people’s perceptions of them, none more than blowing a 3-0 series lead to Los Angeles in 2014 in a collapse that ultimately led to Thornton being stripped of the captaincy.

“We’ve been through a lot here,” teammate Logan Couture said. “I’ve only been here seven years but those guys have been here longer than I have and they deserve this. They’ve been through a lot, Patty especially.”

Marleau played 165 playoff games before reaching his first final, the most of any player. He lost his first three trips to the conference final and needed 16 trips to the playoffs to reach the final round.

Thornton was next on that list with 150 games, including two conference final losses before making it to the Cup in his 15th postseason.

The fact they will be there in Sharks uniforms only makes it more special. There was talk they could be traded the summer after the 2014 playoff collapse, Thornton had a public feud with general manager Doug Wilson last season and there were reports that Marleau was seeking a trade earlier this season.

Nothing ever materialized and the two are still in San Jose to the delight of all sides. Thornton is playing perhaps the best two-way hockey of his career, posting three goals and 15 assists through the first three rounds and dominating possession against the other team’s top players.

After spending much of the year as a third-line center, Marleau moved back to his more familiar spot of a second-line wing alongside Couture. He has four goals and eight assists so far, including two helpers in the third period of the conference final clincher against St. Louis.

“We’re just enjoying the ride right now,” Marleau said. “We’ve had some really good teams over the years. This team is a little bit different. The confidence we’ve built over the regular season and now in the playoffs, I think winning on the road helped us get close as a group during the regular season. It carried over into the playoffs so far. Just having each other’s back out there, working for each other.”