New York Islanders v New Jersey Devils

Report: Devils to lose money in 2014-15


Despite having new owners in Josh Harris and David Blitzer, the New Jersey Devils are scheduled to once again lose money in 2014-15.

According to the report from Tom Gulitti of The Record, Harris and Blitzer — who purchased the team from Jeff Vanderbeek a year ago for $320 million — are still fixing previous financial issues.

The Devils missed the playoffs for a second straight season in 2013-14 and according to Blitzer the team will not turn a profit in 2014-15 even if New Jersey qualifies for the postseason.

“We’re not going to make money this year. Let’s be clear,” said Blitzer. “I don’t know the exact numbers, but our view is to get it to the right place and we know over a longer period of time we do believe we can get it to be a profitable team on the business side or the equation. It is not today. I don’t expect it to be next year, but over time you can’t have a business that over 30 years it doesn’t become a profitable team because that just doesn’t work.”

According to the report, the team had debt issues and was “under invested in” on the business side.

Devils CEO Scott O’Neil points out the team was severely understaffed on the business side with just 76 employees when the new group took over. Since then, the staff has nearly doubled.

The team’s debt isn’t expected to factor into the Devils and GM Lou Lamoriello’s ability to spend money. As it stands, New Jersey sits with less than $5 million to play with.

Lamoriello compared the situation under previous ownership to that of the Phoenix Coyotes saying that he had to report to the league as a result of the team’s financial struggles.

“It was like Phoenix from a hockey standpoint. That was fact,” said Lamoriello. “You had to do things in a different way.”

Lamoriello pointed to the signing of unrestricted free agent Mike Cammalleri and contract extensions to Cory Schneider and Andy Greene as ways things have changed under the new group.

The GM said things are “status quo”  with unrestricted free agent Ryan Carter. According to Gulitti, Carter seems to be waiting for the Devils to move a forward before re-signing him.

When asked about restricted free agent Eric Gelinas, Lamoriello said, “We have a month to go. We want to get him signed.”

New Jersey finished the 2013-14 season with a 35-29-18 record and in 10th place in the Eastern Conference.

Related: Devils GM shakes off 0-13 shootout record, pumps up free agent moves

Let’s look at the all-important U.S. Thanksgiving standings

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If you haven’t heard, U.S. Thanksgiving is pretty significant among NHL folk — and no, not just because everybody got the night off.

(Well, most people got the night off. I’m here. But I’m Canadian and don’t mind working what we refer to as “Thursday, But With More Football.”)

See, turkey day has major ramifications for the NHL playoffs. As CBC put it, conventional wisdom says American Thanksgiving is “a mark on the calendar where essentially the playoffs are decided.”

To further illustrate that point, the Associated Press (courtesy STATS) ran a report last year showing that — since the 2005-06 season — teams in a playoff spot entering the holiday have gone on to make the Stanley Cup postseason 77.3 per cent of the time.

So yeah. Late November standings are worth paying attention to.

And a quick glance at those standings reveals that 16 clubs — Montreal, Ottawa, Boston, New York Rangers, Washington, Pittsburgh, New York Islanders, Detroit, Dallas, St. Louis, Nashville, Los Angeles, San Jose, Vancouver, Chicago and Minnesota — currently have, according to the above statistic, better than a 75 percent chance of making the dance.

The other 14 clubs — Tampa Bay, New Jersey, Florida, Carolina, Philadelphia, Buffalo, Toronto, Columbus, Arizona, Winnipeg, Anaheim, Colorado, Calgary and Edmonton — have less than a 25 percent chance.

Some thoughts:

— The biggest surprises? Two conference finalists from last year’s playoffs on the outside looking in: Anaheim and Tampa Bay. The Ducks are 8-11-4 and with 20 points, five back of the final wild card spot in the West; the Bolts are 11-9-3, tied with the Wings and Isles on 25 points but on the outside looking in due to the tiebreaker.

— To further illustrate how those two clubs have fallen: Last Thanksgiving, Tampa Bay was 15-6-2 with 32 points. Anaheim was 14-4-4 with 33 points. And yes, both were comfortably in playoff positions.

— Three teams that missed from the Western Conference last year (Dallas, Los Angeles, San Jose) are in good shape to get back in. The same cannot be said for the Ducks and two other clubs that made it last year: Winnipeg (three points back of the wild card) and Calgary (eight back).

— Other than Tampa Bay, the East looks remarkably similar to how last year finished. The Habs, Sens, Rangers, Isles, Pens, Red Wings and Caps were all postseason entrants.

— Speaking of the Sens, they deserve mention. Ottawa was outside the playoff picture last Thanksgiving but, as has been well-documented, bucked convention by going on a crazy run down the stretch and pulling off the greatest comeback to the postseason in NHL history.

— And it’s because of those Sens that I’m loathe to write anybody off. Of course, if I was going to write anybody off, it would be Carolina and Columbus and Buffalo and Edmonton.

— If I had to pick one team currently holding a spot that I think will drop out, it’d be Vancouver.

— If I had to pick a second, it’d be the Canucks.

— Finally, it’s worth noting that, last year, only three of the 16 teams holding a playoff spot at Thanksgiving failed to make it: Boston, Toronto and Los Angeles.

— In other words, 81 percent of the teams that were in on turkey day proceeded to qualify.

Avs put big Swedish forward Everberg on waivers

Dennis Everberg, Jason Pominville
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Colorado made a minor roster move on Thursday, putting winger Dennis Everberg on waivers.

Eveberg, 23, made his NHL debut with the Avs last season and had a fairly good rookie season, with 12 points in 55 games. This year, though, his offense was really lacking — Everberg had zero points through his first 15 games, averaging just under nine minutes per night.

The 6-foot-4, 205-pounder originally came to the Avs after a lengthy stint playing for Rogle BK of the Swedish Hockey League, turning heads with a 17-goal, 34-point effort in 47 games during the ’13-14 campaign.

Should he clear waivers, he’ll be off to the club’s AHL affiliate in San Antonio.

As far as Benning is concerned, ‘the Sedins are going to retire as Vancouver Canucks’

Henrik Sedin, Daniel Sedin

You may recall over the summer when the Sedin twins were asked by a Swedish news outlet if they’d ever consider waiving their no-trade clauses and playing for a team that wasn’t the Vancouver Canucks.

Their answer? They had no intention — none whatsoever — of leaving Vancouver, even if they were presented with an opportunity to join a Stanley Cup contender.


Yes, there was a but.

They didn’t definitively say they’d refuse to waive. If, for instance, management were to approach them during the final season of their contracts (2017-18), well, maybe they’d have to consider it.

And, so, because it was the summer and there was nothing else to talk about, and because it had only been a short time since the Flames had made the Canucks look so old and slow in the playoffs, it became a topic of conversation among the fans and media.

Today, GM Jim Benning was asked if he’d put an end to the rumors.

“As far as I’m concerned, the Sedins are going to retire as Vancouver Canucks,” Benning told TSN 1040.

Daniel Sedin currently ranks fourth in NHL scoring with 25 points in 23 games. Henrik is tied for 14th with 22 points. Even at 35, they’re still excellent players.

“I don’t know if they’re getting better, but they’re not getting any worse,” said Blackhawks coach Joel Quenneville on Saturday, after the twins had combined for nine points in beating the defending champs.

It’s also worth noting that there’s far more optimism in Vancouver about the Canucks’ youth. Last year, there was only Bo Horvat to get excited about. This year, there’s Horvat, Jared McCann, Jake Virtanen and Ben Hutton.

True, the youngsters still have a ways to go. And yes, there are still some glaring holes in the Canucks’ lineup — most notably on the blue line, a tough area to address via trade or free agency. 

It may be in Vancouver’s best long-term interests to miss the playoffs this season and get into the draft lottery. 

But you never know, if they hang around a few more years, with a little luck and some good moves by management, the Sedins might not be done chasing the Cup after all.

NHL has no plans to change waiver rules

Manny Malhotra Ryan Stanton

Even with all the young players that have been healthy scratches this season, don’t expect the NHL to change its waiver rules.

Deputy commissioner Bill Daly told PHT in an email that it’s not something that’s “ever been considered.”

“For better or worse that’s what waiver rules are there for,” Daly wrote. “They force Clubs to make tough decisions.”

Today, Montreal defenseman Jarred Tinordi became the latest waiver-eligible youngster to be sent to the AHL on a two-week conditioning loan.

Tinordi, 23, has yet to play a single game for the Habs this season. If he were still exempt from waivers, he’d have undoubtedly been sent to the AHL long before he had to watch so many NHL games from the press box.

In light of situations like Tinordi’s, some have suggested the NHL change the rules. Currently, the only risk-free way for waiver-eligible players to get playing time in the AHL is via conditioning stint, and, as mentioned, those are limited to 14 days in length.

So the Habs will, indeed, need to make a “tough decision” when Tinordi’s conditioning stint is up. Do they put him in the lineup? Do they keep him in the press box and wait for an injury or some other circumstance to create an opportunity for him to play? Do they risk losing him to waivers by attempting to send him to the AHL? Do they trade him?

Your call, Marc Bergevin.

Related: Stanislav Galiev is stuck in the NHL