Alexander Ovechkin Press Conference

Forbes list of NHL team values: 10 observations

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For those with an interest in the business of the NHL, here are 10 observations about Forbes’ just-published list of franchise values. Other readers might find these observations boring. So let’s get right to it!

1. The Capitals have nearly doubled in value since 2004, from $115 million to $225 million. So say what you will about Alex Ovechkin underperforming his massive contract, he’s already made Ted Leonsis a pile of money on paper. No way Washington is worth as much without Ovi.

2. According to Forbes, the four teams carrying the most debt as a percentage of franchise value are New Jersey (144%), Dallas (126%), St. Louis (81%) and Carolina (77%). Forget the Stars, because they have a new owner now. But there’s a reason the Devils have reportedly been flirting with bankruptcy, the Blues are for sale, and the Hurricanes were forced to bring in a bunch of new investors. It’s a dangerous time to be highly leveraged.

3. The Winnipeg Jets are valued at $164 million. They were sold this summer for $110 million, plus a $60 million relocation fee paid to the NHL for the privilege of moving out of Atlanta. Now consider the NHL bought the Phoenix Coyotes for $140 million two years ago. Given the City of Glendale is covering annual losses up to $25 million, could the league end up making a profit on its purchase if the franchise relocates at the end of the season?

4. The Leafs’ operating income is estimated at $81.8 million, by far the most in the NHL. And that’s without any postseason revenue. Imagine if they actually make the playoffs this season. Tickets probably won’t be cheap.

5. The Flyers’ revenue fell by $10 million. Presumably the difference between making the Stanley Cup final in 2010 and losing in the second round last season.

6. Despite the economy, only seven teams are worth less today than they were last year. For those wondering why Gary Bettman makes a lot of money, there you go.

7. Over half the Islanders’ franchise value is attributed to its market, which Forbes says is worth $78 million. Nashville’s market, in contrast, is valued at just $52 million. Translation: the NHL will do everything it can to facilitate the building of a new arena that will keep the Isles where they are. You don’t walk away from affluent, densely-populated markets like Long Island without a fight.

8. The Rangers’ franchise value rose by $46 million over last year. The prospect of a renovated Madison Square Garden with all the additional revenue sources that come with modern arenas was a big reason why. They’re not sinking $850 million into MSG because it was looking a little drab.

9. The Toronto hockey market is estimated to be worth $254 million. Thus, the talk of adding a second team. Also, the reason the Leafs are so protective of their territory. The monopoly they enjoy comprises a huge chunk of their franchise value. Obviously they’ll want to be compensated if another team moves in.

10. The Detroit Red Wings are worth $336 million. Mike Ilitch bought them in 1982 for $8 million. Nice little investment.

Report: Wheat Kings’ McCrimmon likely to be named Las Vegas assistant GM

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The Las Vegas NHL franchise has been in search of an assistant general manager, and that search may be nearing an end.

According to a report from Guy Flaming of The Pipeline Show on TSN 1260, Brandon Wheat Kings owner, GM and coach Kelly McCrimmon is likely to be named assistant GM in Las Vegas.

The report was backed up on Friday from Elliotte Friedman of Sportsnet.

Last summer, McCrimmon turned down a job with the Toronto Maple Leafs front office.

It was reported last week that Vegas general manager George McPhee had asked the Washington Capitals for permission to speak with that team’s assistant GM Ross Mahoney.

Canucks’ Rodin says he’s ‘not 100 percent but getting close’ after freak knee injury

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Anton Rodin will be among a lengthy list of right wingers looking to compete for a roster spot with the Vancouver Canucks for next season.

Originally selected by the Canucks in 2009, and after having gone back to play professionally in Sweden, where he began to light it up offensively, Rodin signed with Vancouver for one year, and one way at $950,000. He’s listed as a right winger, but has a left shot and could perhaps help the Canucks find some scoring, which was a major problem for them during a dreadful 2015-16 campaign.

General manager Jim Benning, in speaking with The Province newspaper, has already compared Rodin’s style to that of Canucks’ forward Sven Baertschi.

However, he’s still working back from a knee injury that interrupted his 2015-16 season, in which he had 37 points in 33 games for Brynas.

From Sportsnet:

Over the past couple of seasons Rodin found a new level in the SHL and was particularly dominant this season. Wearing a captain’s “C” on his sweater, Rodin was leading the league in scoring by a wide margin before sustaining a gruesome knee ligament tear during a mid-January practice.

That injury sidelined Rodin for the balance of Brynas’ season, but it wasn’t enough to stop him from winning the Guldhjälmen – quite literally “the gold helmet” – which is an MVP award voted on by SHL players, similar to the NHL’s Ted Lindsay Award.

As per News 1130 Sports in Vancouver on Friday, the 25-year-old Rodin will arrive in town next week to have his knee checked out.

Avalanche, Tyson Barrie have arbitration hearing, could still reach a deal before ruling

DENVER, CO - OCTOBER 08:  Tyson Barrie #4 of the Colorado Avalanche skates against the Minnesota Wild at Pepsi Center on October 8, 2015 in Denver, Colorado. The Wild defeated the Avalanche 5-4.  (Photo by Doug Pensinger/Getty Images)
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So far, scheduled arbitration hearings around the NHL have been avoided — until Friday.

The Colorado Avalanche and defenseman Tyson Barrie went ahead with the player-elected arbitration hearing on Friday, however, the two sides can still reach a new deal before a decision from arbitrator Elizabeth Neumeier must be provided within 48 hours of the hearing.

Here is what was separating the two sides heading into the hearing, as per Elliotte Friedman of Sportsnet:

Last season, the 25-year-old Barrie, who brings an offensive style to Colorado’s blue line, tied his single-season career high in goals with 13. He also had 49 points, which is four shy of his single-season career high from 2014-15.

He also just wrapped up his two-year deal, which came with an average annual value of $2.6 million.

Given his numbers and the position he plays, Barrie is in for a substantial raise. Exactly what dollar figure that comes to has yet to be determined.

From the Denver Post:

The arbitration hearing could get bruising, with the Barrie camp citing his offensive numbers and arguing that as a terrific skater and puckhandler, he is among the top offensive defensemen in the league; but with the Avalanche countering that as an undersized defenseman, he has deficiencies in the Colorado end.

The Avalanche have the option of walking away from the arbitrator’s ruling, but that could make Barrie, a right-shot blue liner, an unrestricted free agent.

Barrie has also been the subject of trade speculation, but Avalanche GM Joe Sakic has already said the Avs are not trading Barrie.

“I’d like to do a long-term deal with Tyson. If that doesn’t work out, it’s expected he’ll go to arbitration,” Sakic told the Denver Post last month. “Either way, he’ll be here.”

Related: Barrie’s agent says no lingering issues with Avs from O’Reilly situation

NHL to arbitrate co-owner’s case against Predators

NASHVILLE, TN - APRIL 11:  NHL Commissioner Gary Bettmann attends Game One of the Western Conference Quarterfinals between the Nashville Predators and the Detroit Red Wings during the 2012 NHL Stanley Cup Playoffs at the Bridgestone Arena on April 11, 2012 in Nashville, Tennessee.  (Photo by Frederick Breedon/Getty Images)
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NASHVILLE, Tenn. (AP) A judge has ruled against a co-owner of the Nashville Predators in his bid to keep his lawsuit against the franchise in a Tennessee court and allowed the case to go back to the NHL for arbitration.

According to online court records, Chancellor Ellen Hobbs Lyle issued her ruling Friday after hearing arguments July 20. But her ruling dismissing David Freeman’s request for a stay of arbitration had not been posted as of Friday afternoon. At least parts of the order likely will be sealed or redacted.

The Tennessean first reported the ruling.

The former Predators chairman and Commodore Trust sued Predators Holdings LLC and current team chairman Tom Cigarran on June 23 seeking $250 million in damages for his original 48 percent stake in the team being diluted.

Related: Predators’ messy legal battle may go to arbitration with NHL