Report: Devils owner seeking $20 million to pay off overdue loans

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It looks like prospective Coyotes owner Greg Jamison isn’t the only guy in need of cash for a team.

According to Josh Kosman of the New York Post, Devils owner Jeff Vanderbeek is seeking $20 million to help pay off overdue loans. Despite the bleak news, Kosman’s source remains upbeat.

“He has not given up,” a source close to the Newark franchise said yesterday, adding confidently that Vanderbeek will raise the $20 million needed and work out a solution to remain in charge of the team.

Vanderbeek has been in search of cash for the team since September when the team reportedly missed an $80 million loan repayment. He reportedly has until August 14, a week from today, to pay off the lenders or he could lose control of the team.

As was reported after the Stanley Cup finals, the NHL reportedly has a Coyotes-like takeover plan in place for the Devils should Vanderbeek fall short of the funds needed to remain in control. The league has denied those reports, however.

With CBA negotiations going on and the league already neck-deep in problems in Phoenix, this could be shaping up into another financial mess for the NHL to wrangle. Maybe the owners want to go over that revenue sharing stuff one more time.

B’s ink prospects Fitzgerald, Johansson to entry-level deals

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Boston has brought a pair of talented youngsters into the fold.

Forward Ryan Fitzgerald, who just wrapped his senior season at Boston College, and defenseman Emil Johansson — who spent this year playing in the Swedish Hockey League — have signed their entry-level deals and will begin playing with the club’s AHL affiliate in Providence.

Fitzgerald — who’s father, Tom, is the assistant GM in New Jersey — scored 31 points in 34 games for BC this year, serving as an alternate captain. He was originally taken by Boston in the fourth round (120th overall) of the ’13 draft.

Johansson, 20, was a seventh-round pick in ’14 that’s panned out pretty well. He scored a career-high seven goals and 17 points in 49 games for Djugardens this year, appearing in three playoff contests.

 

 

Ducks send Stoner to AHL on conditioning loan

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Clayton Stoner is going to play some hockey again.

The Anaheim Ducks announced today that the 32-year-old defenseman has been assigned to AHL San Diego on a long-term injury conditioning loan.

Stoner has not played since Nov. 15. He had abdominal surgery in December, at which point the Ducks said he’d miss an additional 4-6 weeks. But a setback in his recovery extended the time frame.

“The setback was kind of just me trying to get back maybe a little bit quicker than I should,” Stoner told the O.C. Register recently. “And I wasn’t ready. Things have been good here for a little while so hopefully I’m just trying to string some days together and earn a spot back and kind of prove that I can be healthy and stay healthy.”

Panthers didn’t want to trade Crouse, but Bolland contract was ‘strangling’ them

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Interesting note here from Florida head coach Tom Rowe who, last night, watched former Panther prospect Lawson Crouse play in Florida for the first time since being traded to Arizona.

Crouse was the price the Panthers had to pay to unload Dave Bolland‘s contract on the Coyotes last summer. Rowe wasn’t involved with the Bolland signing, but was involved in dumping the contract — he was Florida’s assistant GM at the time the deal went down.

His take, from the Miami Herald:

Florida traded Crouse to the Coyotes last summer as part of a salary cap dump; Arizona took on the final three years and $16.5-million of Dave Bolland’s contract in exchange for a top prospect — in this case, Crouse.

“We got criticized for giving up on a great young prospect but we had to,” Rowe said. “That contract was strangling us, cap-wise. …

“When we traded him, our scouts were furious. I’m not going to lie. But we had to do something and that was trade Lawson. I’m sure, to this day, he’s still sour about it.”

Crouse, who Florida took 11th overall at the 2015 draft, has five goals and 11 points through 64 games this year, averaging 11:50 TOI per night. Those numbers don’t jump off the page, but they do need to be taken in context — Crouse is only 19 years old, and the 10th-youngest player to play in the NHL this season.

Bolland, meanwhile, hasn’t played since December of 2015, due to a variety of back and ankle injuries. His time in Florida was largely forgettable — after scoring the $27.5 million pact, he played just 78 games in a Panthers uniform, scoring 28 points.  It’s widely regarded as the worst deal GM Dale Tallon has made during his time with the organization.

Shortly after taking on his contract, Coyotes GM John Chayka said Bolland wouldn’t be healthy for the “foreseeable future.” The 30-year-old has two years remaining on his deal, at $5.5 million annually.

 

Arizona lawmaker suggests Coyotes pledge more money for new arena

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Arizona Senate President Steve Yarbrough does not expect a piece of legislation to pass that would give the Coyotes millions of dollars in public financing to build a new arena.

That being said, Yarbrough thinks the Coyotes may be able to gain some “traction” if they offer to put in more of their own money.

Under the current plan, the team has pledged $170 million of the arena’s total cost, which is estimated at almost $400 million. The difference would be made up by new sales taxes, plus $55 million from the still-to-be-determined host city.

“If you are getting no traction the way the bill is designed, you could see if the hockey team paid a greater portion,” Yarbrough told the Arizona Republic yesterday. “I have been around this business long enough to know that if it’s not working in this format, you change the format to make it more attractive.”

For their part, the Coyotes have not said whether they’d be willing to pay a greater portion of the project, only that they’ll continue to “work hard to find a viable arena solution in the greater Phoenix area, a market that both the club and the NHL believe is a strong hockey market capable of supporting a successful NHL franchise.”

Related: Bettman says Coyotes “cannot and will not remain in Glendale”