Ted Leonsis

Leonsis reportedly refinances Caps debt with $100M loan

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Some exciting financial news that’s sure to get you out of your chair:

Washington Capitals owner Ted Leonsis has reportedly refinanced his hockey club’s debt with a sizeable loan, according to Forbes.

Leonsis, 56, is the founder, majority owner, chairman and CEO of Monumental Sports & Entertainment, a group that owns the Capitals, the NBA’s Washington Wizards, the WNBA’s Washington Mystics and the arena all three teams call home — the Verizon Center.

As for Leonsis’ Caps-related debt and loan, here’s more from Forbes’ Mike Ozanian:

Sources have told me that Ted Leonsis refinanced the debt on his hockey team last month with a $100 million package led by Citigroup. The loan was oversubscribed, meaning more people wanted to buy the debt than was available. And the refinancing was bigger than the previous loan, thereby increasing the amount of debt on the hockey team.

Leonsis bought the Capitals for $85 million in 1999 and we valued the team at $250 million last November.

Ozanian notes the NHL in general appears to be taking on more debt, something PHT wrote yesterday in a report that the league had increased its credit facility.

According to Bloomberg, the facility was raised from $400 million to $600 million:

The league also received a better rate on the agreement with Citigroup Inc. (C), which was completed last month. The new facility is priced at the London interbank offered rate, or Libor, plus 250 basis points. The previous facility was $400 million at Libor plus 300 basis points.

Professional sports leagues create loan pools by using collateral such as national broadcast contracts to secure credit at better terms than most teams could individually.

The NHL declined to comment on the report.

Under Bednar, Avs won’t ‘slow the game down’ like they did with Roy

Nathan MacKinnon
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Though it’s hard to pinpoint just one standout from the high-flying North American team at the World Cup, speedy Avs forward Nathan MacKinnon was certainly in the conversation.

Now, MacKinnon wants that tournament success to translate over to the regular season — and he’s confident Colorado’s coaching change will make it happen.

From the Denver Post:

Is [Jared] Bednar’s system different from what the Avalanche did under Patrick Roy?

“Yeah, it is,” MacKinnon said. “Now every puck we get, we want to move it up quickly and use our speed and not wait and go D-to-D, back to D and slow the game down.

“We have very good skaters on our team, and we want to use that.”

One of the blueliners responsible for moving the puck quickly, Tyson Barrie, echoed those sentiments.

“There’s going to be no messing around with the puck, no playing around with it in our end, in the neutral zone,” Barrie said of Bednar’s system, per NHL.com. “We’re going to be pushing the pace, getting it into the forwards’ hands. We’re going to play fast and our defensemen are going to be jumping.

“I’m super impressed.”

Not utilizing Colorado’s speed was considered one of Roy’s major failings as head coach. With the likes of MacKinnon and Matt Duchene in the mix, it seemed like playing an uptempo game was the obvious choice — yet, as stated above, the Colorado blueliners were instructed to play more east-west than north-south.

That figures to change under Bednar.

In his previous stop, Columbus’ AHL affiliate in Lake Erie, Bednar led a high-octane group that had no problem finding the back of the net. The Monsters led the American League in playoff scoring en route to the Calder Cup, and did it with a talented, versatile blueline that delivered pucks to the forwards.

(Bednar also had a glut of good, young talent at his disposal. Zach Werenski, the eight overall pick in 2015, anchored the blueline will the likes of Oliver Bjorkstrand and Sonny Milano were up front.)

Needless to say, Colorado should be a fascinating team to watch this year.

Related: Keep an eye on the goaltending situation in Colorado

Pouliot’s goal is to become ‘full-time player’ for Penguins

PITTSBURGH, PA - DECEMBER 27: Derrick Pouliout #51 of the Pittsburgh Penguins skates with the puck against the Washington Capitals at Consol Energy Center on December 27, 2014 in Pittsburgh, Pennsylvania. (Photo by Matt Kincaid/Getty Images)
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The eighth overall pick in the 2012 draft, it’s fair to say that Derrick Pouliot has yet to reach his full potential. He’s only played 56 games for the Pittsburgh Penguins, stretched over two seasons. And compared to the rest of his draft class, that’s not very many NHL games.

Granted, it’s also fair to say that Pouliot’s still only 22, and defenseman are known to take longer to develop. This year, he says he’s come to camp in better shape, with the goal of staying with the Pens all season.

“That’s the goal. I know things can change pretty quick, but I’m confident with the shape I’m in and in my ability to play,” he said, per the Times Leader. “Hopefully I can make myself a full-time player here.”

Pouliot is still waivers-exempt, so he’ll need to earn his spot. The Penguins re-signed Justin Schultz for another year, and that could be his competition.

“We have high expectations for Derrick,” said head coach Mike Sullivan, per the Post-Gazette. “We’ve kept close tabs on him all summer long, and we knew he was coming into camp in the type of shape that he’s in. … He’s a very talented kid, and when he put those two things together, we think he’s going to improve another level.”

Report: Flames talking contract extension with Elliott

NEW YORK, NY - NOVEMBER 12: Brian Elliott #1 of the St. Louis Blues tends net against the New York Rangers at Madison Square Garden on November 12, 2015 in New York City. The Rangers defeated the Blues 6-3.  (Photo by Bruce Bennett/Getty Images)
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The Calgary Flames are talking contract extension with their new goalie, Brian Elliott, according to St. Louis-based reporter Andy Strickland.

Elliott, 31, was acquired from the Blues at the draft in Buffalo. He has one year left on his current deal, at a cap hit of $2.5 million, before he can become an unrestricted free agent next summer.

No parameters of a potential deal were reported by Strickland, just that the two sides were talking. Elliott went 23-8-6 last season in St. Louis, with a .930 save percentage.

Flames GM Brad Treliving hinted at the draft that an extension could be in the cards.

“There’s no need to rush,” Treliving said, “but maybe there is a need to look at something.”

On July 1, the Flames signed Chad Johnson for one year to be the back-up. So currently, neither of Calgary’s two NHL goalies are signed past 2016-17.

Related: Elliott wants to be ‘backbone’ of Flames

KHL announces Sobotka will play with Avangard this season

WASHINGTON, DC - NOVEMBER 17: Vladimir Sobotka #17 of the St. Louis Blues warms up before playing the Washington Capitals in an NHL game at the Verizon Center on November 17, 2013 in Washington, DC. (Photo by Patrick Smith/Getty Images)
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Big development on the Vladimir Sobotka-back-to-St. Louis front — on Tuesday, the KHL announced that Sobotka would play with Avangard Omsk next season, shooting down reports of his return to the Blues as “just rumors.”

Per Czech news outlet Ceska Televize, both Omsk’s team president and Sobotka’s agent confirmed the news.

This development comes after Sobotka’s stint with the Czech Republic at the World Cup. During the tournament, he addressed problems he was having with opting out of the last of his three-year deal with Omsk.

“We’re still talking and we’ll see what’s going to happen during the World Cup,” said Sobotka, per ESPN.com. “After that, I think we’re going to be smarter. It’s been going on for five months and I’ve had enough of it. It’s my agent’s job to to keep talking and we’ll see.”

NHL deputy commissioner Bill Daly confirmed via the Associated Press that Sobotka was having “issues” returning to the Blues.

A good, versatile checking forward, Sobotka fled St. Louis after an arbitration hearing following the ’13-14 campaign. He scored a career-high 33 points in 61 games that season.

The Blues have been keen to get him back in the fold.

Ken Hitchcock, heading into his final season as head coach, has talked about the “great chemistry” between Sobotka and winger Jaden Schwartz, and there’s no doubt Hitchcock would’ve like to use that chemistry in what will be his final chance at a Stanley Cup.