Lou Lamoriello, Jeff Vanderbeek

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


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.

Friday’s loss serves as ‘harsh lesson’ for Blue Jackets

Jasper Fast, Nick Foligno, Henrik Lundqvist
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Late in the third period of Friday’s game against the New York Rangers, things were looking good for Columbus.

Brandon Saad, who the team acquired from Chicago this off-season, scored his first goal of the season to give his team a 2-1 lead with under four minutes remaining in the contest.

Unfortunately for the Jackets, that’s as good as it would get.

The Rangers responded with three unanswered goals from Oscar Lindberg, Kevin Hayes and Mats Zuccarello to spoil Columbus’ home opener.

“When something like that happens at the end, I think we’re gonna be a better team because of it,” defenseman Ryan Murray told reporters after the game. “It’s a harsh lesson, but it’s a good one.

Luckily for Columbus, they won’t have to wait very long to try and get their revenge.

The Blue Jackets and Rangers will finish off their home-and-home series at Madison Square Garden on Saturday night, which might not be such a bad thing for Columbus.

“It’s good that we get another chance tomorrow,” Saad said after Friday’s game. “We were high on emotions (after the go-ahead goal) and they scored and it took the wind out of our sails, but we have to keep playing. We have to learn to keep doing our thing, regardless of the score.”



Kings GM says Mike Richards went into ‘a destructive spiral’

Mike Richards

The Los Angeles Kings may owe Mike Richards money until 2031 (seriously), but in settling his grievance, the team and player more or less get to turn the page.

Not before Kings GM Dean Lombardi shares his sometimes startling perspective, though.

Lombardi has a tendency to be candid, especially in the press release-heavy world of sports management. Even by his standards, his account of Richards’ “destructive sprial” is a staggering read from the Los Angeles Times’ Lisa Dillman.

“Without a doubt, the realization of what happened to Mike Richards is the most traumatic episode of my career,” Lombardi said in a written summation he provided to the Los Angeles Times. “At times, I think that I will never recover from it. It is difficult to trust anyone right now – and you begin to question whether you can trust your own judgment. The only thing I can think of that would be worse would be suspecting your wife of cheating on you for five years and then finding out in fact it was true.”

Lombardi provides plenty of eyebrow-raising statements to Dillman, including:

  • He believed he “found his own Derek Jeter” in Richards, a player who “at one time symbolized everything that was special about the sport.”
  • Lombardi remarked that “his production dropped 50 percent and the certain ‘it’ factor he had was vaporizing in front of me daily.”
  • The Kings GM believes that he was “played” by Richards.

… Yeah.

Again, it’s a powerful read that you should soak in yourself, even if you’re unhappy with the way the Kings handled the situation.

Maybe the most pressing of many lingering questions is: will we get to hear Richards’ side of the story?