A couple weeks ago, the New York Post reported that the New Jersey Devils’ are in serious financial peril, while the team’s ownership group called the story “inaccurate.” Whatever the exact truth may be, the Devils should have a more unified vision after the team’s two majority owners came to a deal that should end what seemed like a growing rift.
The New York Post reports that co-owner Ray Chambers paid $25 million to essentially rid himself of his 47 percent share in the franchise, which would give his (soon-to-be-former?) partner Jeff Vanderbeek a 94 percent share. Rich Chere reports that Peter Simon holds the remaining six percent share of the team. Naturally, the league will have to approve that transfer of power, which Josh Kosman reports “is no sure thing.”
On face value, it seems strange that someone would spend that much money to give away a huge piece of a team, but Chambers would no longer be responsible for helping to pay off the team’s significant debt. Kosman reports that Devils Arena Entertainment – a company that controls the Devils along with running Newark’s Prudential Center – owes about $180 million at this time. Reports indicate that Chambers’ $25 million will help pay some of those bills.
The strange deal highlights both the shaky financial condition of the Newark-based team and the caustic relationship between the two owners.
As the deal is structured, Chambers, who has been looking to exit the mostly money-losing franchise for about a year, appears to feel the equity in the NHL team is worthless.
It also means that the billionaire Chambers, through his Brick City operation, is tired of pumping money into the troubled team.
People close to Chambers said he was never interested in making a profit from his Devils investment — but simply to help re-develop Newark.
While the Devils’ financial picture is still far from clear under the terms of that pending deal, it’s at least a little more straightforward. Considering the team’s issues on account spreadsheets, the future would certainly look a lot brighter if the on-ice product bounces back in the 2011-12 season.
What a start.
This series between the Pittsburgh Penguins and Washington Capitals might be headlined by Sidney Crosby and Alex Ovechkin, but as many have said in the lead-up to tonight’s opener, there is so much more to this second round matchup than that. Washington’s 4-3 overtime victory in Game 1 tonight could be offered up as Exhibit A.
This game had everything except big offensive showings from Crosby and Ovechkin. They had their moments, but in the end combined for just one assist.
What we got instead was a hat trick by T.J. Oshie that was completed with a game-winning goal that made it past the line by such a narrow margin that it warranted a video review:
This game also featured a sequence of three goals in 90 seconds and yet also some great saves by goaltenders Braden Holtby and Matt Murray. At the other end of the spectrum, there was a controversial hit by Tom Wilson that might lead to a suspension.
There was even some odd stuff. Like how Jay Beagle got a stick stuck in his equipment.
If this game sets the tone for the rest of the series, then we should be in for a closely contested, highlight filled affair.
— Nick Bonino had a goal and an assist for the Penguins. Evgeni Malkin and Ben Lovejoy accounted for the Penguins’ other markers.
— Capitals forward Andre Burakovsky scored the game’s opening goal. It was his first marker of the 2016 playoffs.
— Washington outshot Pittsburgh 15-9 in the first period, but Pittsburgh ended up with a 45-35 edge.
— This is the first time in the 2016 playoffs that Braden Holtby has allowed more than two goals. He surrendered just five goals in six games to Philadelphia.
— Matt Murray suffered his first career postseason loss after winning three straight contests against the New York Rangers.
Tom Wilson has already found himself in a controversy for delivering a late, knee-on-knee hit to Penguins forward Conor Sheary in the third period of Game 1 Thursday night.
You can see that incident below:
Wilson spent two minutes in the sin bin earlier in the contest for crosschecking Evgeni Malkin, but there was no penalty on this play.
Fortunately Conor Sheary was able to stay in the game. The question now is if Wilson’s actions will lead to him being suspended prior to Game 2.
This isn’t Wilson’s first brush with controversy. He delivered a big hit to Brayden Schenn in 2013, but Wilson wasn’t suspended for that incident. Lubomir Visnovsky’s final campaign was cut short due to a check by Wilson that angered the New York Islanders. More recently, Nikita Zadorov was concussed by a crushing blow from the Capitals forward.
In 231 career regular season games, Wilson has 50 points and 486 penalty minutes.
Related: Wilson says ‘I’ve never been a dirty hitter’ after teams voice complaints
For the first 30 minutes of Game 1 between Pittsburgh and Washington it looked like goaltenders Matt Murray and Braden Holtby might outshine these star-studded offenses. Then the floodgates opened up, if only for a moment.
Washington already had a 1-0 lead going into the second frame courtesy of Andre Burakovsky‘s first marker of the 2016 playoffs, but Ben Lovejoy and Evgeni Malkin scored back-to-back goals within the span of 57 seconds midway through the second period to tilt the scale in Pittsburgh’s favor. That lead didn’t last for long though as Capitals forward T.J. Oshie got a breakaway opportunity and took full advantage of it.
In total, there were three goals scored in the span of just 90 seconds and you can see all of them below:
After that sequence, the 2-2 tie held for the remainder of the frame. However, Oshie was able to reassert Washington’s edge just 3:23 minutes into the third period.
Through 40 minutes of action in Game 1 of the second round series between Pittsburgh and Washington and we’ve already seen some big moments, along with a pretty unusual one.
Beagle ended up with a stick lodged into his visor towards the end of the second frame. He tried to get it out himself, but ended up having to go to the bench for assistance. You can see that below: