Phil Kessel and Dion Phaneuf

Maple Leafs worth $1 billion, says Forbes

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They haven’t made the playoffs since before the last lockout, but the Toronto Maple Leafs are still worth a cool $1 billion, according to the newest Forbes valuations.

The Leafs’ valuation is by far the highest of all 30 NHL franchises, and it dwarfs the dollar figure assigned to the least valuable clubs.

After the Leafs, it’s the New York Rangers ($750 million), Montreal Canadiens ($575 million), Chicago Blackhawks ($350 million), and Boston Bruins ($348 million).

At the bottom end, the St. Louis Blues are the least valuable franchise at $130 million, slightly lower than the Phoenix Coyotes ($134 million) and Columbus Blue Jackets ($145 million).

It should be noted that in cases like the Blues, Forbes was able to use actual recent sale prices to determine value. For teams like the Bruins (Jeremy Jacobs has owned the B’s since 1975), valuations are estimates.

A few notes:

—- The Leafs are worth almost eight times more than the Blues. That’s a massive discrepancy compared to the NFL, where Forbes values the most valuable Dallas Cowboys ($2.1 billion) at just 2.7 times more than No. 32 Jacksonville ($770 million).*

—- Forbes estimates that 17 NHL teams are profitable, led by the Leafs with annual operating income of $81.9 million. League-wide earnings were pegged at $250 million, a number the league would likely dispute as too high.

—- The average franchise value is around $282 million. The average Canadian franchise value is around $400 million.

—- Winnipeg is the least valuable Canadian franchise at $200 million (No. 20).

—- Of the 10 least valuable franchises, six of them are in markets where it very rarely snows. (And we’re not talking about Vancouver.)

—- The brand value Forbes assigns to the Coyotes is $13 million. For the Leafs, it’s $154 million.

* The great equalizer in the NFL is national TV money, which is in the neighborhood of $3 billion per year and divided evenly among all franchises. The NHL is far more dependent on ticket sales and local broadcasting revenue. Thus, the NHLPA’s push for more revenue-sharing between franchises.

With arbitration hearing looming, Corrado and Leafs aren’t that far apart

TORONTO, ON - MARCH 5:  Frank Corrado #20 of the Toronto Maple Leafs waits for a puck drop against the Ottawa Senators during an NHL game at the Air Canada Centre on March 5,2016 in Toronto, Ontario, Canada. The Senators defeated the Maple Leafs 3-2. (Photo by Claus Andersen/Getty Images)
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Frank Corrado should be used to waiting by now. He had to wait 28 games before the Leafs inserted him into the lineup for the first time last season and now he’s waiting for a new contract.

There’s still a gap between the two sides, but it doesn’t appear to be very significant. Corrado and the Leafs will head to arbitration on July 26th unless the two sides can agree to a new deal before then.

According to Sportsnet’s Elliotte Friedman, The Leafs have two different offers on the table. One is a two-way contract, while the other is a one-way deal that would see him make less money if he sticks in the NHL. Corrado is looking for a one-way deal worth $900,000.

Toronto scooped Corrado up off waivers from the Canucks prior to the start of the 2015-16 season. Despite waiting a while to actually hit the ice as a Leaf, Corrado finished the season with one goal, six points and a minus-12 rating in 39 games. He averaged 14:27 of ice time.

Splitting the difference would result in Corrado making roughly $737,500 next season.

The Maple Leafs are also scheduled to go to arbitration with forward Peter Holland (July 25) and defeseman Martin Marincin (Aug. 2).

Blues GM: We may take ‘half a step back,’ while young veterans grow into leadership roles

DALLAS, TX - MARCH 12:  Alex Pietrangelo #27 of the St. Louis Blues celebrates with Jaden Schwartz #17 of the St. Louis Blues, Dmitrij Jaskin #23 of the St. Louis Blues and Jori Lehtera #12 of the St. Louis Blues after scoring the game-winning goal against the Dallas Stars in overtime at American Airlines Center on March 12, 2016 in Dallas, Texas.  (Photo by Tom Pennington/Getty Images)
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After a few early exits from the Stanley Cup playoffs, the St. Louis Blues were finally able to make a long run. Granted, they didn’t win the Stanley Cup or make it to the final, but they did manage to reach the Western Conference Final.

Unfortunately for the Blues (and a lot of other teams), the NHL’s salary cap number didn’t increase very much and it forced the organization to part ways with a number of key veterans. Gone are captain David Backes, winger Troy Brouwer and goalie Brian Elliott.

There could be even more change between now and the start of the year, as Kevin Shattenkirk could find himself elsewhere.

Those key departures mean that the Blues will need some of their younger players to step up and take on more of a leadership role starting this fall. How will the team respond? Nobody knows, not even GM Doug Armstrong.

“It’s going to be an interesting case study on how quickly this group takes up the leadership,” Armstrong said, per the Boston Globe. “Can they do it in September? Or does it take them a year? There’s certainly a faith that over time, they’re going to pick it up without any issue. Obviously you want them to pick it up as quickly as possible. We don’t want to take any backwards movement in our organization. But sometimes you do expose yourself to maybe taking half a step back to take a couple steps forward.”

Young leaders like Vladimir Tarasenko, Jaden Schwartz and Alex Pietrangelo will need to “step up” in the leadership department, but the Blues aren’t completely out of veterans. Jay Bouwmeester, Paul Stastny and Alex Steen are all still on the roster. Still, it’ll be interesting to see if the Blues take that “half step back” that Armstrong was talking about.

Related:

Jake Allen still needs to prove he’s a ‘legit’ number one goalie

Blues sign Schwartz to five-year deal

Backes doesn’t want to ‘sling mud’ at Blues on his way out

Newest Coyote Schenn is looking forward to playing in a market with no ‘outside added pressure’

SAN JOSE, CA - APRIL 20:  Luke Schenn #52 of the Los Angeles Kings looks back at Joe Thornton #19 of the San Jose Sharks after Schenn was called for roughing in Game Four of the Western Conference First Round during the NHL 2016 Stanley Cup Playoffs at SAP Center on April 20, 2016 in San Jose, California.  (Photo by Ezra Shaw/Getty Images)
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Since coming to the NHL as an 18-year-old in 2008, Luke Schenn has had the opportunity to play in Toronto, Philadelphia and Los Angeles. Playing in cities that love hockey is great, but it also comes with a certain amount of pressure.

Schenn, who is a former fifth overall pick, hasn’t lived up to his lofty draft status and when you underachieve in Toronto and Philadelphia, the fans and media make sure you know it.

On Saturday, Schenn signed a two-year deal in Arizona, which is a non-traditional hockey market. It sounds like it may have been done by design.

“I’m looking forward to coming to a market where I can just worry about playing hockey and not outside added pressure, and hopefully growing with the team,” Schenn said of signing with the Coyotes, per the team’s website. “I know they have a lot of upside and I still feel like I’ve hopefully got some upside, too. (I’m) still at a good age where I can continue to grow with them and evolve.”

The Coyotes have Oliver Ekman-Larsson and Alex Goligoski who are more than capable of moving the puck up the ice and players like Schenn and Zbynek Michalek will be counted on to provide some defensive stability.

“They’ve got a lot of guys who can shoot the puck and move the puck well and (who’ve) got a good offensive instinct for the game, so I just want to try to play solid defensively and help out in the defensive zone and on the penalty kill and play physical,” added Schenn. “Obviously, the way the game is now there’s a lot of skating so you’ve definitely got to pick your spots to be physical, but I still think there’s definitely still a need for that.”

Arizona still needs to work out deals with restricted free agents Michael Stone and Connor Murphy. Even if both players return next season, Schenn should still have a role as a four, five or six defenseman with the ‘Yotes.

Flyers’ Couturier has street named after him in his hometown

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Most people will never be able to say they have a street named after them, but Flyers center Sean Couturier isn’t most people.

The 23-year-old’s name is now on a street sign in his hometown of Bathurst, New Brunswick. Sean Couturier Avenue leads to the rink where he began his minor hockey career.

“It’s special, it’s a great honour,” Couturier said, per CBC.ca. “It’s not something you dream of growing up, but if you can be an example for other young kids and remind them even coming from a small town like Bathurst, anything is possible if you make the sacrifices and believe in what you can do.”

The month of July has been kind to Couturier for the second straight year. Last year at around this time, he signed a six-year contract extension worth $26 million. The new deal kicks in at the start of the upcoming season.

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(Image credit: Radio-Canada)