Forbes: Leafs worth $1.15 billion; Blue Jackets worth quite a bit less

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Attention sports business enthusiasts: Forbes released its annual NHL franchise valuations today. You can see all the numbers here, including the always enjoyable debt/value ratio.

From Forbes:

The average NHL team now has an enterprise value (equity plus net debt) of $413 million, 46% more than a year ago. For the first time since Forbes began tracking NHL team values in 1998, three of the league’s five most valuable teams–Toronto Maple Leafs($1.15 billion), Montreal Canadiens ($775 million), Vancouver Canucks ($700 million)–are Canadian (the New York Rangers ($850 million) and defending Stanley Cup champion Chicago Blackhawks ($625 million) are the two U.S. teams to make the top five). And this is also the first time that every Canadian franchise ranks among the top 16 in the 30 team league.

These are just estimates, of course. Some of the valuations will be disputed.

The NHL’s least valuable team, according to Forbes, is the Columbus Blue Jackets, at $175 million. Or to put it another way, around 15 percent of what the Leafs are worth.

1 Toronto Maple Leafs $1.15 billion
2 New York Rangers $850 million
3 Montreal Canadiens $775 million
4 Vancouver Canucks $700 million
5 Chicago Blackhawks $625 million
6 Boston Bruins $600 million
7 Philadelphia Flyers $500 million
8 Pittsburgh Penguins $480 million
9 Detroit Red Wings $470 million
10 Los Angeles Kings $450 million
11 Calgary Flames $420 million
12 Washington Capitals $414 million
13 San Jose Sharks $405 million
14 Edmonton Oilers $400 million
15 Ottawa Senators $380 million
16 Winnipeg Jets $340 million
17 Colorado Avalanche $337 million
18 Dallas Stars $333 million
19 Minnesota Wild $330 million
20 New Jersey Devils $320 million
21 Anaheim Ducks $300 million
22 Buffalo Sabres $250 million
23 Florida Panthers $240 million
24 Nashville Predators $205 million
25 Phoenix Coyotes $200 million
26 New York Islanders $195 million
27 Carolina Hurricanes $187 million
28 St Louis Blues $185 million
29 Tampa Bay Lightning $180 million
30 Columbus Blue Jackets $175 million

Devils give Jimmy Hayes a shot with PTO

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The New Jersey Devils have made dramatic moves to improve their forward group over the last few years, but even with Taylor Hall, Marcus Johansson, and Kyle Palmieri in the mix, there’s still plenty of room for improvement.

With that and the Devils’ recent struggles in mind, it only makes sense for GM Ray Shero to be open-minded to “reclamation projects.”

Perhaps that will be the case with towering forward Jimmy Hayes, then. The Devils announced that the winger has been invited to training camp on a PTO.

Look, there’s no doubt that Hayes has frequently struggled to make a difference at the NHL level. Not that long ago, he broke a 35-game pointless streak.

Still, it’s probably fair to give him an incomplete grade instead of a failing mark from 2016-17. After all, there are only so many players who can produce much offense when they’re receiving 9:14 TOI per game.

Hayes went from averaging 15:09 per contest in his best season (2014-15, when he scored 19 goals for Florida) to 13:50 TOI with Boston in 2015-16 and then that new low last season.

So, no doubt about it, Hayes’ stock couldn’t get much lower.

We’ve seen fringe guys become valuable assets after getting clean slates, including with bigger forwards. Zack Kassian resurrected his career following some significant struggles, just to name a recent example.

The Devils could use another NHL-caliber forward, particularly with valuable center Travis Zajac slated to miss a chunk of 2017-18. Maybe Hayes can be part of the solution.

No need for Flyers to rush Nolan Patrick after injury-plagued year

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This post is part of Flyers day at PHT…

It wasn’t long before Nolan Patrick began lighting up the Western Hockey League.

Two years before he was even selected second overall by the Philadelphia Flyers, he had scored 30 goals in his first full season with the Brandon Wheat Kings. A year later, he had 102 points, vaulting him into the position as the likely No. 1 overall pick for the 2017 Entry Draft.

Dating back more than a year, however, Patrick has been sidetracked by injury.

He underwent sports hernia surgery last summer. He played in only 33 games for Brandon this past season and couldn’t play for Canada at the World Juniors. In June, just prior to his selection by Philly, he had another operation — an abdominal surgery, the Flyers later announced — with a window of four to six weeks before he could resume full activity.

The Flyers had only a 2.2 per cent chance of winning the first overall selection, yet they still made a massive move up the board when the lottery had concluded. The first pick would come down to Patrick or Nico Hischier, who worked his way into the conversation for No. 1 overall as his QMJHL season continued.

In the end, the lottery-winning Devils took Hischier and Patrick fell right to the Flyers.

In Patrick, the Flyers get a center that stands at 6-foot-2 tall and 198 pounds, and is capable of producing significant numbers offensively — at least that’s what he showed in junior. Even if his 2016-17 season was hampered, Patrick still managed 20 goals and 46 points.

“And then playing and not being a 100 percent. I didn’t play one game this year feeling [like] myself. I’ve got the summer to get where I need to be,” said Patrick, per CSN Philly.

“My skating was kind of bugging me throughout the season. I needed to get my conditioning back to where I wanted it to be. I did as much as I could, but I wasn’t pouting about it.”

Patrick turns 19 years old next month during training camp and will look to make the Flyers for this upcoming season. Given everything he’s dealt with over the last several months, it would be, despite the talent that made him a top prospect in the draft, unreasonable to place lofty expectations on him right away, as he makes the transition into the NHL.

Having him healthy and ready for camp is a good start, but there really is no need to rush him along, particularly if it’s at the expense of future gains.

“We’re looking at the big picture here,” said general manager Ron Hextall earlier this summer, per the Courier-Post. “We’re not looking at next season. We’re looking at hopefully the next 10 to 15 seasons. We will do what’s best for Nolan long-term.”

Report: College free agent Alex Kerfoot opts to join Avalanche

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The wait appears to be over.

College free agent Alex Kerfoot has reportedly made his decision, choosing to join the Colorado Avalanche, according to Darren Dreger of TSN.

The news comes days after it was reported the New York Rangers were among the finalists to land the Harvard product, which would’ve provided a boost in depth at center for that club.

The 23-year-old center was also targeted by the Vancouver Canucks, which is hardly surprising given Kerfoot is from that area and played his junior hockey in nearby Coquitlam.

Kerfoot, originally drafted by the New Jersey Devils, was a finalist for the Hobey Baker Award this past season, after scoring 16 goals and 45 points in 36 games with Harvard.

He decided not to sign in New Jersey, becoming an unrestricted free agent on Aug. 15.

Islanders add Terreri as goaltending development coach

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The New York Islanders made a coaching move Wednesday, naming former NHL puckstopper Chris Terreri as a goalie development coach and goalie coach for the AHL’s Bridgeport Sound Tigers.

“Chris has a vast amount of knowledge and experience, both as a player and a coach,” said Islanders general manager Garth Snow. “We’re excited for him to work with our goalies at every level, as well as assist in our scouting process and to make his mark on this crucial position.”

Terreri appeared in 406 NHL games between 1986 and 2001, spending most of his career with the New Jersey Devils.

He then transitioned into coaching, spending the last eight years working as a goalie coach with the Devils.

Related: Under pressure: Jaroslav Halak