Lou Lamoriello,Ilya Kovalchuk,  Jeff Vanderbeek i

Report: Devils ownership split could be settled after $25M deal

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.

Video: Henrik Sedin records 1,000th career point

Leave a comment

Henrik Sedin has become the 85th player in NHL history to reach 1,000 career points.

Sedin, the Canucks captain, hit the milestone Friday against the Florida Panthers and his former teammate Roberto Luongo. As you might imagine, twin brother Daniel Sedin also factored into the goal.

Daniel fed Henrik with a perfect pass off the rush, and Henrik finished the play off, sliding the puck through the legs of Luongo to tie the game 1-1 in the second period. It was another beauty, another example of what has made those two players so special for many years in Vancouver.

Henrik Sedin is the first player in Canucks history to reach 1,000 points. He also becomes just the fourth player from Sweden to hit that number, joining Mats Sundin, Daniel Alfredsson and Nicklas Lidstrom.

Daniel should also reach the mark, although he may have to wait until next season. He entered Friday’s game with 967 career points.

Great touch of class, too, from Luongo, who quickly embraced his former teammate as Sedin skated back to the bench following the on-ice celebration.

Video: Tempers flare between Oilers and Predators, as Lucic and McLeod drop the gloves

1 Comment

Things got feisty between the Edmonton Oilers and Nashville Predators on Friday.

It started in the second period after P.K. Subban took an elbow from Matt Hendricks along the end boards. Hendricks was immediately grabbed by Anthony Bitetto. Nothing really materialized from that, however the main event broke out between Milan Lucic and Nashville newcomer Cody McLeod.

Lucic landed some pretty heavy punches before the two players fell to the ice.

Video: Cam Ward loses it on Hornqvist, Hurricanes suffer ’embarrassing’ loss to Penguins

1 Comment

Cam Ward had enough.

The Carolina Hurricanes goalie seemed particularly ticked off with Patric Hornqvist on Friday, twice taking out his frustrations in front of the net on the Pittsburgh Penguins forward.

Earlier in the game, Ward delivered a slash to the back of Hornqvist’s leg. In the third period, with the Hurricanes down five goals — that should give you an indication of what kind of night this was for Carolina — Ward snapped, delivering a punch with the blocker to Hornqvist after he slid into the Hurricanes puck stopper a split second after Evgeni Malkin jammed the puck in for a goal.

The final score? A 7-1 disaster of a loss to the Penguins, highlighted by Pittsburgh’s second-period offensive outburst. Ward played the entire game, allowing seven goals on 41 shots.

Carolina’s night also included star forward Jeff Skinner getting benched for the third period, after he took a pair of minor penalties — embellishment and unsportsmanlike conduct — in the second period.

“That’s pretty embarrassing. You don’t want to suffer a loss like that, especially in your home building,” Skinner told reporters.

The Hurricanes entered this game with a chance to jump into a wild card spot in the East.

Last week, the Hurricanes won four in a row, including a victory over Columbus, and continued their steady rise into the playoff hunt in the East. This week? It’s included losses to the Blue Jackets and Penguins.

The Hurricanes won’t have much time to think about this one. They travel to Columbus for a game Saturday evening.

With Claude Julien on the hot seat, Bruins lose late heartbreaker to Blackhawks

2 Comments

The Boston Bruins have now lost three in a row, a losing streak that coincides with reports circulating that head coach Claude Julien’s job security is in jeopardy.

The bad news just keeps piling up for the Bruins: They’ve been shut out twice this week, as scoring continues to be an issue in Boston. They’re 22nd in the league in that category.

On Friday, the Bruins had their chances and once again held the edge in puck possession against the Chicago Blackhawks, finishing the game with 19 more shot attempts then the visitors, per hockeystats.ca.

But they couldn’t beat Scott Darling, who made 30 saves, and the real dagger came late in the third period when Marian Hossa scored off the rush with just over one minute remaining in regulation. Boston couldn’t even salvage a point out of this contest, losing 1-0.

The Bruins were all over the Blackhawks in the first period. They held a wide edge in shots on goal, but the Blackhawks were able to escape on the strength of some solid goaltending. They just hung around, and were able to break through in the third period.

The Bruins are still in a playoff position in the Atlantic Division. They are the top puck possession team in the league (although they have the second lowest shooting percentage at five-on-five) and Julien has had plenty of success behind that bench, helping guide the organization to a Stanley Cup championship in 2011 and a run to the Final in the lockout shortened campaign.

It would seem unfair to pin this roster’s shortcomings on the coach, especially given the offseason plans initially set out by Bruins management.

Though this loss likely puts Claude Julien Watch on high alert.