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Report: Even with big playoff success, Coyotes would lose money in Glendale

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Former San Jose Sharks CEO Greg Jamison might be the best ray of hope for the Phoenix Coyotes* to stay in that area, but that doesn’t mean it’s a perfect situation for the City of Glendale. An Arizona Republic study of the latest proposal shows that even a lengthy run of playoff success might not make the team profitable.

Prepare for a disturbing (yet abridged) rundown of the dire financial situation for Glendale and the Coyotes, even if it’s not quite shocking.

A Republic analysis revealed that even if the Coyotes went to the Stanley Cup Finals for the next 20 seasons and the arena booked 30 sold-out concerts each year for the next 20 years, Glendale could still expect to lose about $9 million annually.

That figure does not include the city’s annual arena debt payments, which will average about $12.6 million a year over the next 20 years.

Longtime Glendale Mayor Elaine Scruggs, who has said next year’s budgeted $17 million arena management fee is too steep, said Monday she cannot support the deal.

It pretty much keeps getting worse for Glendale/the Coyotes in this report, including a bit where Mayor Scruggs points to dispiriting developments such as the fact that the city “won’t see the construction of new city facilities or park upgrades for at least the next five years.”

It’s not about losing, but how much they lose

Here’s the thing, though. Saying the Coyotes probably won’t be “profitable” seems to belabor the point. The real important factor here is for Glendale; the city is likely to lose a significant amount of money one way or another. Depending on a new deal, the Coyotes have the potential to limit those losses, which is something that tends to get lost in all the doom and gloom.

Yes, it’s a bummer of a situation, but ultimately it might come down to a decision that is the lesser of many evils. Let’s not forget that – ignoring admittedly important factors like market factors and arena details – the Buffalo Sabres and Pittsburgh Penguins seemed doomed going into the last summer of CBA negotiation, too.

Still, it’s a complicated and potentially worrisome situation, but hopefully a best case scenario resolution comes to fruition once all the smoke clears.

* Or maybe Arizona Coyotes?

Leafs avoid arbitration again, sign Corrado to one year, $600K deal

VANCOUVER, BC - FEBRUARY 13: Frank Corrado #20 of the Toronto Maple Leafs shoots the puck in NHL action against the Vancouver Canucks on February, 13, 2016 at Rogers Arena in Vancouver, British Columbia, Canada.  (Photo by Rich Lam/Getty Images)
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Over the weekend, reports suggested that Toronto and RFA blueliner Frank Corrado were close to agreeing to a new contract.

On Monday, the two sides sealed the deal.

The Leafs announced they signed Corrado to a one-year contract, with Sportsnet reporting it to be a $600,00 pact, of the one-way variety.

Corrado, 23, was scheduled to go to arbitration tomorrow. His ask was $900,000, while the Leafs countered with a $625,000 figure on a two-way deal, and $575,000 on a one-way.

So Toronto was nearly spot-on with its valuation.

The former Canucks draftee took a while to make his Leafs debut last season — he sat 28 games after they claimed him off waivers — but when he did get into the lineup, he fared reasonably well. Corrado finished with a goal and six points in 39 games, averaging 14:27 TOI per game.

This marks the second player Toronto avoided going to arbitration with. Prior to signing Corrado, the Leafs inked center Peter Holland to a one-year, $1.3 million deal.

Flyers need Schenn to build on career year

PHILADELPHIA, PA - SEPTEMBER 22:  Brayden Schenn #10 of the Philadelphia Flyers celebrates his goal in the second period against the New York Rangers on April 7, 2015 at the Wells Fargo Center in Philadelphia, Pennsylvania.  (Photo by Elsa/Getty Images)
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The Philadelphia Flyers are hoping Brayden Schenn hasn’t finished improving. The former fifth overall draft pick signed a four-year, $20.5 million contract today, after posting career highs in goals (26) and assists (33) in 2015-16.

It took a few years for Schenn, 24, to start justifying his draft position. John Tavares, Victor Hedman, Matt Duchene, and Evander Kane were selected with the first four picks that year. Oliver Ekman-Larsson was taken sixth overall.

So there was pressure.

“I think sometimes when you draft a player top five you tend to think he’s going to develop a little quicker than other guys,” Flyers GM Ron Hextall said Monday, per Flyzette. “When you look at Brayden, has he been a fast developer? I would say probably no. Has he been a slow developer? I would say probably no. He’s probably been average.

“The good thing is he’s gotten better every year and he’s a hard worker. He’s starting to figure out the intricacies of the game. He obviously had his best year to this point so hopefully he continues to build on that.”

Hextall reportedly danced around a question about Schenn being part of the “core” group, so there’s still some proving to be done. The Flyers have already committed long-term to forwards Claude Giroux, Jakub Voracek, and Sean Couturier. Wayne Simmonds and Michael Raffl have three years left on their deals, and Dale Weise signed a four-year agreement on July 1.

As for Schenn, he knows he needs to justify the Flyers’ trust in his ongoing development.

“I feel like I keep getting better and better,” he said. “I expect nothing else next year.”

Report: If the Sabres can sign Vesey, they could be more willing to trade Kane

MONTREAL, QC - FEBRUARY 03:  Evander Kane #9 of the Buffalo Sabres speaks with referee Kevin Pollock #33 during the NHL game against the Montreal Canadiens at the Bell Centre on February 3, 2016 in Montreal, Quebec, Canada.  The Buffalo Sabres defeated the Montreal Canadiens 4-2.  (Photo by Minas Panagiotakis/Getty Images)
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If the Buffalo Sabres can sign Jimmy Vesey, they may be more willing to trade winger Evander Kane.

That’s what TSN 1040 (Vancouver) radio host Matt Sekeres has been hearing, and what he’s hearing does make a lot of sense.

Kane, whose off-ice issues are once again making headlines, has two years left on his contract before he can become an unrestricted free agent. He plays the same position as Vesey, 23, who’s currently Buffalo property but can sign with any team he chooses on Aug. 15.

Even if the Sabres can’t convince Vesey to join them, Kane could still be traded. GM Tim Murray has already conceded that his patience is wearing thin with the 24-year-old that he acquired from Winnipeg not long ago. Alex Nylander, drafted eighth overall in June, plays the same position as Kane, and Murray has said it’s possible the teenager could make the jump to the NHL next season.

Buffalo, Boston and Toronto have generally been considered the favorites to land Vesey. Chicago and Pittsburgh have also been mentioned.

Related: Cue the Kane-to-Vancouver speculation

Leafs avoid arbitration with Peter Holland

TORONTO, ON - APRIL 11: Peter Holland #24 of the Toronto Maple Leafs skates up the ice during NHL action against the Montreal Canadiens at the Air Canada Centre April 11, 2015 in Toronto, Ontario, Canada.  (Photo by Abelimages/Getty Images)
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The Toronto Maple Leafs won’t require arbitration with forward Peter Holland. They’ve signed the 25-year-old to a one-year deal worth a reported $1.3 million.

Holland had a hearing scheduled for today. Last week, the Leafs sent a message by putting him on waivers, which he cleared.

Holland had nine goals and 18 assists in 65 games last season. With him signed, the Leafs have only defensemen Frank Corrado and Martin Marincin as restricted free agents. Corrado has an arbitration hearing scheduled for tomorrow; Marincin’s is next Tuesday.

Related: Corrado and Leafs aren’t that far apart