Nationwide Arena

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

20 Comments

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.”

Shaw (boarding) to have hearing after getting tossed in Habs debut

TAMPA, FL - JUNE 02:  Andrew Shaw #65 of the Chicago Blackhawks speaks during Media Day for the 2015 NHL Stanley Cup Final at Amalie Arena on June 2, 2015 in Tampa, Florida.  (Photo by Bruce Bennett/Getty Images)
Getty
Leave a comment

Didn’t take long for Andrew Shaw to do Andrew Shaw things in Montreal.

The noted agitator, acquired from Chicago at the draft, will have the NHL’s first disciplinary hearing of the season on Thursday — today, the Department of Player Safety announced that Shaw will be called to the carpet after getting tossed for boarding Washington’s Connor Hobbs last night.

Shaw was quickly challenged by Caps forward Nathan Walker following the hit, and the two squared off. Shaw was then given a five-minute boarding major, a major for fighting, a misconduct and a game misconduct.

All told, 30 PIM.

This won’t be Shaw’s first visit with the DoPS. Far from it. He was suspended for making a homophobic slur during an opening-round playoff loss to St. Louis in the spring and, prior to that:

— Avoided suspension for a high hit on Francois Beauchemin.

— Allegedly bit Victor Hedman during the ’15 Stanley Cup Final.

— Was fined $2,000 for diving.

— Avoided suspension for charging Barret Jackman.

— Avoided suspension for headbutting Brock Nelson.

And those are just the infractions since 2015.

Report: Players still undecided on how to split World Cup profits

NEW YORK, NY - SEPTEMBER 13:  Don Fehr, executive director of the National Hockey League Players Association meets with the media at the Marriott Marquis Times Square on September 13, 2012 in New York City. Joining him from left to right is Ruslan Fedotenko, Henrik Lundqvist, Zdeno Chara and Sidney Crosby.  (Photo by Bruce Bennett/Getty Images)
Getty
1 Comment

You’d think the NHLPA would’ve already decided how to split its share of World Cup profits among its membership.

But according to a report by TSN’s Rick Westhead, you’d be wrong:

While the accounting on the World Cup probably won’t be finished for several months – meaning the NHLPA doesn’t yet know exactly how much money there will be to split between its members – NHLPA staff and players discussed the concept of 50 per cent of the union’s share of profits being split between players in the World Cup, with the other 50 per cent being split by NHL players not in the event.

During a meeting with NHLPA divisional player representative Joe Reekie, some players on Team Russia said all World Cup profits should remain with players who are playing in the event, a source told TSN. Some players on Team Czech Republic suggested in a separate meeting that an 80/20 split (favoring players in the World Cup) should be considered, the source said.

Profits for the tournament have been pegged at around $65 million, split 50-50 between the league and the players’ association. So assuming those projections are correct, that’s around $32.5 million for the NHLPA to divvy up. Not a huge amount on a per-player basis, especially considering what the average player makes all by himself. But chances are, this is not going to be the only World Cup, so it could set a precedent for future events.

Kesler was ‘really disappointed’ with World Cup atmosphere

TORONTO, ON - SEPTEMBER 16:  Ryan Kesler #17 of Team USA skates with the puck during practice at the World Cup of Hockey 2016 at Air Canada Centre on September 16, 2016 in Toronto, Ontario, Canada.  (Photo by Minas Panagiotakis/Getty Images)
Getty
6 Comments

Check it out — a Team USA player talking about disappointment at the World Cup, yet not referencing his team’s lackluster effort!

“It was weird,” American forward Ryan Kesler said of the tournament’s atmosphere, per the O.C. Register. “I thought there’d be more of a buzz in Toronto. There wasn’t … It just didn’t seem like there was a buzz.

“If you didn’t know what was going on, you wouldn’t even know teams were playing. That’s the only thing I was really disappointed with.”

The World Cup reboot was always going to have issues in this regard.

The timing of the tournament — early September, when the sports landscape is dominated by NCAA football and the NFL — almost guaranteed it would be buried. That early September start also meant even the most hardcore hockey fans still viewed the World Cup as something of an exhibition, or glorified training camp.

Creating Team North America and Team Europe initially added an extra element of hokiness. While both eventually proved worthy competitors, that didn’t happen until the tournament was underway.

And yeah, Team Europe has been a remarkable story.

But it hasn’t helped the buzz factor.

In Tuesday’s 3-1 loss to Canada in the first of the best-of-three final, Europe didn’t exactly bring in the fans. Several pundits tweeted out the alarming number of empty seats at the Air Canada Centre (see here and here), and Canadian forward Steve Stamkos addressed how the rivalry — or lack thereof — with Europe translated into a muted affair.

“It’s tough just because there’s not that natural rivalry here,” Stamkos explained, per Yahoo. “In some of the other games, we had away fans that were creating some noise.

“This was probably the team that had the least amount of support, just because of the makeup of the team in the tournament to start with.”

Attendance issues have been a theme throughout the event. Several group games started at 3 p.m. ET — on weekdays, no less — which resulted in subpar crowd numbers at the ACC. The highly-anticipated USA-Canada grudge match never came to fruition, with the Americans sputtering out as one of the tournament’s biggest disappointments.

North America’s elimination didn’t help the buzz factor, either.

In the end, all of this will probably be chalked up to a learning experience for the NHL and NHLPA, which is fair. This tournament was filled with several major unknowns coming in, and predicting how those would play out was a near impossible task.

Now, both sides know what worked and what didn’t. And they’ve got plenty of time to make some changes.

Alexander Radulov is the x-factor for the Canadiens

SOCHI, RUSSIA - FEBRUARY 16:  Alexander Radulov #47 of Russia celebrates after scoring a goal in a shoot out against Jan Laco #50 of Slovakia during the Men's Ice Hockey Preliminary Round Group A game on day nine of the Sochi 2014 Winter Olympics at Bolshoy Ice Dome on February 16, 2014 in Sochi, Russia.  (Photo by Bruce Bennett/Getty Images)
Getty
1 Comment

The Montreal Canadiens just went through a potentially franchise altering offseason that saw them keep the coach and GM that presided over one of the biggest collapses in franchise history, trade the most popular player on the team (P.K. Subban), and then go all in on toughening up the lineup by trading for Andrew Shaw.

It was such a crazy offseason that the addition of Alexander Radulov, perhaps one of the most intriguing and fascinating moves of the offseason by any team in the league, has almost completely slid under the radar and been forgotten about. And he might be one of the most important players on the team when it comes to the Canadiens’ success this season.

Nearly a decade ago Radulov looked to be on his way to stardom in the NHL before he abruptly left for the KHL, a league he dominated for the better part of the past eight years minus his brief return to Nashville (that also had some controversy with it).

Now he is back for another run at the NHL.

While Shaw, one of the team’s other big offseason additions, was getting ejected from his preseason debut with his new team on Tuesday night, Radulov had a dramatically different night on the ice. He not only recorded a pair of points by scoring an early goal and then assisting on a Nathan Beaulieu goal, but he also looked like a top-line player.

Yes, it is only one preseason game. But it was at the very least a small glimpse at the potential that Radulov could bring to a team that so desperately needs what he could provide.

What’s especially amazing about all of this is that a player like Shaw is going to be the one that gets the bulk of the attention because of the way he plays and the energy he brings.

Beaulieu heaped a massive amount of praise on both Radulov and Shaw for the way the played on Tuesday, pointing out that both bring elements the team had lacked. But he seemed to be especially fired up by Shaw’s performance. He hit on all of the key points that come with a player like Shaw, especially when it came to his gesturing to the crowd for more noise during his fight with Nathan Walker.

“I love it. He is my favorite player,” said Beaulieu. “That was awesome. That’s also something we were probably missing the last couple of years, a little bit of emotion. That is something he brings. I absolutely love seeing that. He is instantly a fan favorite just from doing that. Although it’s a preseason game, he’s a physical guy, he’s passionate about hockey. I can guarantee you everyone in this room absolutely loved it.”

“He’s just such an emotional wrecking ball, he drove me absolutely crazy last year, for him to just step in he is so comfortable already. The way he can get 20,000 people behind him like that, he is a special individual.”

That is all well and good, and there is definitely an emotional element to all of this that Shaw does bring, and you can not completely toss things like that that out the window. But the No. 1 priority here is still putting the puck in the net and scoring goals. That is the big thing that has been missing for the Canadiens over the past two years, a window where the team only scored 430 goals. That number put them 20th in the league over that stretch. Of the nine teams below them, only two of them (Vancouver and Philadelphia) qualified for the playoffs in either those seasons (one appearance for each, with neither advancing beyond the first round).

The lesson here: You can not succeed being as punchless as the Canadiens have been offensively the past two years.

Even with players like Subban (before the trade), Max Pacioretty (one of the NHL’s best goal scorers) and Alex Galchenyuk (already a 30-goal scorer whose best days should still be ahead of him) offense has been a major struggle for the team. They need to score more, and you are not going to emotion the puck into the net. Whether it comes down to the system put in place by the coaching staff, the talent assembled by the front office, or some other intangible factor, the team has simply not scored enough goals and has fallen into a hole where it will only go as far as a healthy Carey Price can take it.

Fortunately for Montreal, Price looks ready to go after missing almost all of the 2015-16 season due to injury. But for as good as he is, he still should not need to be constantly put into a position where he has to be nearly perfect every night for his team to have a chance to win.

Even though Radulov might not be the player he was eight years ago (he is, after all, 30 years old instead of 22) or score the way he did against lesser competition in the KHL, he is still a big-time NHL talent that can be a top-line player.

He is still a player that brings a potential element that the Canadiens have lacked more than emotion and fire.

His ability to be that player (and he has to get the opportunity from the coach, and not get instantly glued to the bench the first time something goes wrong with him on the ice) might have a much bigger impact on the success of the Canadiens than almost anybody else not named Price.