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.”

Ben Bishop shows off his new Team USA World Cup mask

TAMPA, FL - JUNE 06: Ben Bishop #30 of the Tampa Bay Lightning looks on against the Chicago Blackhawks during Game Two of the 2015 NHL Stanley Cup Final at Amalie Arena on June 6, 2015 in Tampa, Florida.  (Photo by Scott Iskowitz/Getty Images)
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Ben Bishop enjoyed plenty of success during the 2015-16 season and it didn’t go unnoticed. That’s why the veteran was selected to be part of Team USA for this fall’s World Cup of Hockey.

Team USA is loaded in goal, as they’ll be bringing Bishop, Los Angeles’ Jonathan Quick and New Jersey’s Cory Schneider. It’ll be interesting to see how the coaching staff approaches this situation heading into the tournament.

Even if Bishop doesn’t start every game for Team USA, he can still say he has a pretty cool goalie mask for the occasion.

On Saturday, Bishop took to Twitter to show off his new piece of equipment:

That’s a pretty sweet mask!

With arbitration hearing looming, Corrado and Leafs aren’t that far apart

TORONTO, ON - MARCH 5:  Frank Corrado #20 of the Toronto Maple Leafs waits for a puck drop against the Ottawa Senators during an NHL game at the Air Canada Centre on March 5,2016 in Toronto, Ontario, Canada. The Senators defeated the Maple Leafs 3-2. (Photo by Claus Andersen/Getty Images)
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Frank Corrado should be used to waiting by now. He had to wait 28 games before the Leafs inserted him into the lineup for the first time last season and now he’s waiting for a new contract.

There’s still a gap between the two sides, but it doesn’t appear to be very significant. Corrado and the Leafs will head to arbitration on July 26th unless the two sides can agree to a new deal before then.

According to Sportsnet’s Elliotte Friedman, The Leafs have two different offers on the table. One is a two-way contract, while the other is a one-way deal that would see him make less money if he sticks in the NHL. Corrado is looking for a one-way deal worth $900,000.

Toronto scooped Corrado up off waivers from the Canucks prior to the start of the 2015-16 season. Despite waiting a while to actually hit the ice as a Leaf, Corrado finished the season with one goal, six points and a minus-12 rating in 39 games. He averaged 14:27 of ice time.

Splitting the difference would result in Corrado making roughly $737,500 next season.

The Maple Leafs are also scheduled to go to arbitration with forward Peter Holland (July 25) and defeseman Martin Marincin (Aug. 2).

Blues GM: We may take ‘half a step back,’ while young veterans grow into leadership roles

DALLAS, TX - MARCH 12:  Alex Pietrangelo #27 of the St. Louis Blues celebrates with Jaden Schwartz #17 of the St. Louis Blues, Dmitrij Jaskin #23 of the St. Louis Blues and Jori Lehtera #12 of the St. Louis Blues after scoring the game-winning goal against the Dallas Stars in overtime at American Airlines Center on March 12, 2016 in Dallas, Texas.  (Photo by Tom Pennington/Getty Images)
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After a few early exits from the Stanley Cup playoffs, the St. Louis Blues were finally able to make a long run. Granted, they didn’t win the Stanley Cup or make it to the final, but they did manage to reach the Western Conference Final.

Unfortunately for the Blues (and a lot of other teams), the NHL’s salary cap number didn’t increase very much and it forced the organization to part ways with a number of key veterans. Gone are captain David Backes, winger Troy Brouwer and goalie Brian Elliott.

There could be even more change between now and the start of the year, as Kevin Shattenkirk could find himself elsewhere.

Those key departures mean that the Blues will need some of their younger players to step up and take on more of a leadership role starting this fall. How will the team respond? Nobody knows, not even GM Doug Armstrong.

“It’s going to be an interesting case study on how quickly this group takes up the leadership,” Armstrong said, per the Boston Globe. “Can they do it in September? Or does it take them a year? There’s certainly a faith that over time, they’re going to pick it up without any issue. Obviously you want them to pick it up as quickly as possible. We don’t want to take any backwards movement in our organization. But sometimes you do expose yourself to maybe taking half a step back to take a couple steps forward.”

Young leaders like Vladimir Tarasenko, Jaden Schwartz and Alex Pietrangelo will need to “step up” in the leadership department, but the Blues aren’t completely out of veterans. Jay Bouwmeester, Paul Stastny and Alex Steen are all still on the roster. Still, it’ll be interesting to see if the Blues take that “half step back” that Armstrong was talking about.

Related:

Jake Allen still needs to prove he’s a ‘legit’ number one goalie

Blues sign Schwartz to five-year deal

Backes doesn’t want to ‘sling mud’ at Blues on his way out

Newest Coyote Schenn is looking forward to playing in a market with no ‘outside added pressure’

SAN JOSE, CA - APRIL 20:  Luke Schenn #52 of the Los Angeles Kings looks back at Joe Thornton #19 of the San Jose Sharks after Schenn was called for roughing in Game Four of the Western Conference First Round during the NHL 2016 Stanley Cup Playoffs at SAP Center on April 20, 2016 in San Jose, California.  (Photo by Ezra Shaw/Getty Images)
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Since coming to the NHL as an 18-year-old in 2008, Luke Schenn has had the opportunity to play in Toronto, Philadelphia and Los Angeles. Playing in cities that love hockey is great, but it also comes with a certain amount of pressure.

Schenn, who is a former fifth overall pick, hasn’t lived up to his lofty draft status and when you underachieve in Toronto and Philadelphia, the fans and media make sure you know it.

On Saturday, Schenn signed a two-year deal in Arizona, which is a non-traditional hockey market. It sounds like it may have been done by design.

“I’m looking forward to coming to a market where I can just worry about playing hockey and not outside added pressure, and hopefully growing with the team,” Schenn said of signing with the Coyotes, per the team’s website. “I know they have a lot of upside and I still feel like I’ve hopefully got some upside, too. (I’m) still at a good age where I can continue to grow with them and evolve.”

The Coyotes have Oliver Ekman-Larsson and Alex Goligoski who are more than capable of moving the puck up the ice and players like Schenn and Zbynek Michalek will be counted on to provide some defensive stability.

“They’ve got a lot of guys who can shoot the puck and move the puck well and (who’ve) got a good offensive instinct for the game, so I just want to try to play solid defensively and help out in the defensive zone and on the penalty kill and play physical,” added Schenn. “Obviously, the way the game is now there’s a lot of skating so you’ve definitely got to pick your spots to be physical, but I still think there’s definitely still a need for that.”

Arizona still needs to work out deals with restricted free agents Michael Stone and Connor Murphy. Even if both players return next season, Schenn should still have a role as a four, five or six defenseman with the ‘Yotes.