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.
It’s said that variety is the spice of life, yet it seems to be the spite of the Minnesota Wild.
As head coach Mike Yeo said, this struggling team appears to find a new way to lose virtually every night. That couldn’t have happened once again on Saturday, when they fell 4-1 to the St. Louis Blues, could it?
If you ask Jarret Stoll, the latest problem was the penalty kill.
Honestly, Stoll may have been too specific, likely trying to throw his own unit under the bus. Instead, it might be more accurate to say that Minnesota’s special teams let them down.
Indeed, the Wild struggled to limit the Blues’ power play, which went an unsettling 3-for-6. That said, Minnesota had a chance to trade blows with St. Louis. Instead, the Wild managed one power-play goal on seven opportunities.
The silver lining is that the Wild believe that they showed more fight than this fragile bunch had been generating before.
On the other hand, with Jonas Brodin on IR and Jared Spurgeon apparently hurt, that silver lining may not be so easy to see.
Worry (if you’re pulling for the Stars) or gloat (if you’re a Blackhawks fan) all you want, but the bottom line is that the Central Division’s No.1 spot is clearly in Chicago’s control after Saturday night.
The Blackhawks earned a decisive 5-1 win against the Dallas Stars, giving them a five-point standings lead over Dallas for the Central Division lead.
You may feel like that’s more of the same, but consider this: things would look a lot closer if Dallas won or gained points, as they hold three games in hand on the ‘Hawks.
At least one Blackhawks player admits this game means a little more than your average W.
Indeed, while Antti Niemi was pulled from the game and Kari Lehtonen faced his own struggles in Dallas’ net, Corey Crawford ranked as one of the big reasons why the score was so lopsided.
(Artem Anisimov had a big say in that, too.)
As a wise coach with 1,000+ games of experience would do, Joel Quenneville didn’t go overboard in assessing the victory.
Was this a statement game? Who knows, but a certain statement is that the Blackhawks now have a five-point standings lead.
Looking at the standings, beating the Buffalo Sabres was pretty important for the Boston Bruins. The Atlantic Division’s run for spots appears particularly congested out East.
Of all the Bruins to get a chance to win it all, the team might have wanted Brad Marchand to have that opportunity. He’s on pace to destroy his previous career-highs for scoring, and Marchand’s been particularly hot lately.
Either way, Marchand came up big indeed, scoring the rare overtime game-winner on a penalty shot. Check out the drama below:
That can be a big extra point and ROW (regulation/overtime win) when the regular season is finished.
Note: Many believe that Marchand should not have received a penalty shot on the play.
For quite some time, it looked like the Florida Panthers would keep the Pittsburgh Penguins under wraps.
Florida nursed a 1-0 lead into a 2-0 margin almost halfway through the third period, looking to win its sixth consecutive game. That looked great … and then Sidney Crosby + Kris Letang happened.
Let’s put it this way: this GIF of Crosby being frustrated is amusing, yet it doesn’t exactly tell the story of Saturday’s 3-2 overtime win for the Penguins:
Instead, Crosby grabbed his 900th point assisting on a Letang goal, and finished the night with 902 by collecting the game-tying goal and grabbing a helper on Letang’s overtime game-winner.
Crosby crossing that barrier is indeed special, even if it prompts “What if?” questions about No. 87’s health.
The resurgence of Crosby and Letang already played a big role in the Penguins going from disjointed and frustrating to sneaky and scary, so it shouldn’t be that surprising to see them play so well. Doing so in such brisk order is a little bewildering, however.