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.
You know what they say: “What a difference a game makes.”
Even in the 82-game marathon that an NHL regular season is, that can be true.
Ryan Suter admitted he went too far with comments during tough times, yet there he was on Tuesday night, grinning ear-to-ear after scoring the 2-1 goal that ended up being the game-winner.
Heck, people were even joking about things. The healing powers of winning, right?
As of this writing, this win places Minnesota in the last wild card spot, and they’re close to elbowing in on the Chicago Blackhawks (who own a standings point advantage, but have played two more games so far in 2015-16).
Jeremy Roenick labels this 2-1 win as a “team win” for Minnesota, and it showed on that 2-1 goal, as the Wild showed off some picture-perfect passing and a willingness to crash the net for rebounds.
Let’s face it, though; Devan Dubnyk deserves plenty of credit, too.
It won’t be easy in the Central Division, and things may get heated again. Still, this is the sort of win that may just help Minnesota build up some confidence.
When you’re talking about bright sides, most people believe that they boil down to the light at the end of the tunnel for the Philadelphia Flyers.
Sometimes it’s nice to enjoy a little success in the present while waiting for that bright future, though.
The Flyers are providing at least a burst of sunshine lately, as Tuesday’s 4-2 win against the Ottawa Senators gives them … (drum roll) their first three-game winning streak of this season.
Even in recent darker moments, Philly’s been pretty impressive on offense, so Flyers fans are likely relieved to see a relative offensive outburst.
Sure, it wasn’t all rainbows and unicorns – Radko Gudas might have gotten himself into some trouble, for instance – yet this is still a nice sign of life for a team expected to finish in the draft lottery.
If that fails … hey, the future may require shades.
Here’s an understatement: things haven’t gone very well for Dougie Hamilton early in his first season with the Calgary Flames.
(It must feel like the opposite of Tyler Seguin in Dallas for Boston Bruins fans, but feel free to disagree in the comments.)
You could look at Hamilton’s meager offensive stats and break down his disappointing work through a very of “fancy” and traditional metrics …
… Or you could just fire up a projector and show this own-goal on a loop.
It remains to be seen if the Ottawa Senators can avoid losing against the Philadelphia Flyers tonight, but either way, it’s been a costly night.
The Senators saw two forwards leave the game with injuries, as Milan Michalek and Mika Zibanejad were banged up on Tuesday.
Michalek may have gotten hurt blocking a shot while a Radko Gudas hit on Zibanejad left the Senators forward with an upper-body injury.
Gudas may get a call from the league for his infractions.
Update: Michalek’s issue could be significant.
The Flyers ended up beating the Senators 4-2, so a tough night for Ottawa.