Charles Wang

Wang sells Isles to ex-Caps owner Ledecky

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Huge news from Long Island on Tuesday — per Newsday, Islanders owner Charles Wang has agreed to sell the team to a familiar face in NHL circles:

Ledecky is best known as the former minority owner in Washington. In 2001, he sold his 24 percent share in the team to current owner Ted Leonsis which, according to the Washington Times, would allow Ledecky to pursue buying another sports franchise:

Leonsis and Ledecky did not disclose a price for the transaction, but Ledecky, a well-known District entrepreneur, said he made a “healthy, 10-figure profit” on the $58 million he invested in May 1999.

Ledecky is now free to pursue a pro sports team of his own, as has been his long-stated ambition. He unsuccessfully sought interests in the Los Angeles Dodgers and Cincinnati Reds before purchasing the Caps from [Abe] Pollin two years ago, and last fall he came close to buying the Montreal Canadiens.

As for Wang, this move would end his lengthy, contentious ownership of the Isles. Reports have been surfacing for months about his desire to sell the team, this after the failed Lighthouse Project and mounting financial losses. The 69-year-old became part-owner of the Isles in 2000, then assumed majority control in 2004 after buying out partner Sanjay Kumar.  The team has struggled both on the ice and financially since Wang’s been aboard, making the playoffs just two times while reportedly losing an estimated $10 million per season.

As mentioned, Wang also spearheaded the now-defunct Lighthouse Project — a proposal to transform the Nassau Coliseum and surrounding area into a modern suburban locale — which was voted down in 2011, two years after Wang said he regretted buying the Isles in the first place.

“If I had the chance I wouldn’t do it again,” Wang told Newsday at the time. “Never in my life, would I have anticipated this thing [Lighthouse Project] could be dragged out for seven, eight years.”

Should the sale to Ledecky and Malkin be approved by the NHL’s Board of Governors, it’ll mark a change in ownership just one year before the Isles leave Long Island and relocate to Brooklyn, where they’ll play at the Barclays Center beginning in 2015-16.

UPDATE: The Isles have addressed and confirmed the transaction, courtesy this statement…

A group led by former Washington Capitals co-owner Jon Ledecky and London based investor Scott Malkin has reached a definitive agreement, subject to NHL approval, to purchase a substantial minority interest in the team. Under the terms of the agreement, Charles Wang will continue as majority shareholder and Governor of the Islanders, with the Ledecky/Malkin group transitioning to majority owner in two years.

“We are pleased to have the opportunity to become partners in the New York Islanders with Charles, and to pursue our shared dream of winning a fifth Stanley Cup for the greatest fans in the NHL,” Mr. Ledecky said.

“I’m thrilled that Jon and Scott have agreed to join me as we start the Islanders’ final year at Nassau Veterans Memorial Coliseum,” Mr. Wang said. “I look forward to a long and successful partnership.”

 

Related

Report: Wang ‘furious’ over report he’s exploring sale of Isles

Wang being sued for $10 million for not selling Islanders

‘If he was in Toronto, there’d be no Carey Price, media-wise’ – Boudreau on Dubnyk

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The Minnesota Wild aren’t exactly dominating the NHL, so it might be easy to ignore just how outstanding Devan Dubnyk has been to start the 2016-17 season.

We’re talking “Carey Price and Tuukka Rask territory.”

While his 11-6-3 record won’t blow anyone’s mind, his 1.65 GAA and .946 save percentage are jaw-dropping. With Dubnyk doing special things, Bruce Boudreau felt the need to say weird things* after Dubnyk helped the Wild beat the Toronto Maple Leafs 3-2 on Wednesday.

“If he was in Toronto, there would be no Carey Price … I’m just saying media-wise,” Boudreau said after the game, as you can see in this video:

That’s some Haagen-Daz level praise from Boudreau.

Even if Dubnyk was in a bigger market, there’d probably be room in our hockey thoughts for Dubnyk and the consensus best goalie in the world, but Boudreau’s larger point is taken: Dubnyk has been right there with the best early on this season.

And, let’s be honest, we shouldn’t be too hard on Boudreau or he might stop saying … well, things like this:

Never change, Bruce.

* – Unlike his comments about “Die Hard,” which were amusingly on-point.

Trademark headaches for the Vegas Golden Knights?

LAS VEGAS, NV - NOVEMBER 22:  The team name and logo for the Vegas Golden Knights are displayed on T-Mobile Arena's video mesh wall after the Vegas Golden Knights was announced as the name for the Las Vegas NHL franchise at T-Mobile Arena on November 22, 2016 in Las Vegas, Nevada. The team will begin play in the 2017-18 season.  (Photo by Ethan Miller/Getty Images)
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It’s difficult to tell just how big of a headache this might be, but SBNation‘s Mary Clarke uncovered quite the eyebrow-raiser on Wednesday: the Vegas Golden Knights’ trademark request was rejected by the U.S. Patent and Trademark Office.

You can read the 164-page document here (if you’re weird), but the gist is that “registration of the applied-for mark is refused because of a likelihood of confusion with the mark” used by the College of Saint Rose Golden Knights.

Clarke summarized it simply enough:

Essentially, the logos and stylizations are too similar. It’s baffling the NHL and Vegas didn’t go through the trademark process before announcing the name and logo last month. Yet, all is not lost. Later down, the document states the Black Knight Sports and Entertainment group “may respond to the refusal by submitting evidence and arguments in support of registration.”

Sports Illustrated’s Alex Prewitt received this release from the Vegas Golden Knights, which indicated that they will respond to the refusal (and also noted how teams like the Boston Bruins and UCLA Bruins share names without issues).

There seem to be some mixed messages, at least if you note owner Bill Foley’s response to NBC Las Vegas’ Amber Dixon:

Hmm.

This could merely be a messy issue that really doesn’t cause anything to go off track, even if people are certainly having some fun at the league and team’s expense.

The logo and other marks seem to be the biggest sticking point, so compare the two for yourself:

Again, this could all be a mild disruption, but it’s an odd situation. And, to some, a great laugh.

Related: There also might be some issues involving the Army.

Capitals manage OT win after coughing up lead to Bruins

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It wasn’t pretty, and they might have lost key defenseman Matt Niskanen to injury, but at least the Washington Capitals managed a win against the Boston Bruins.

For a while, it was looking pretty ugly.

After going up 3-0, the Capitals went more than a period’s worth of time without even managing a shot on goal. Whether you lean more toward giving the Bruins credit for fighting back or beating up the Capitals for “sitting on a lead,” it’s staggering that such a dangerous offense could be held in check for so long.

Luckily for Washington, Nicklas Backstrom salvaged the night with an overtime goal to give the Capitals a 4-3 overtime win.

Both teams have had a knack for extending games beyond regulation lately, by the way:

Capitals over the last three games:
Shootout loss to the Lightning
Overtime win against the Sabres
Overtime win tonight against the Bruins

Bruins over the last five games:
Shootout loss against Flyers
Shootout win against Hurricanes
Regulation win against Sabres
Overtime win against Panthers
Overtime loss to the Capitals

Maybe that’s what gets it done in 2016-17: finding ways to carve out wins and shake out rough patches, like the Caps did tonight.

Matt Niskanen injured by Patrice Bergeron boarding hit

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Patrice Bergeron doesn’t have a reputation for dirty hits, but he drew the Washington Capitals’ ire for a hit on Matt Niskanen.

The Capitals consider Niskanen “probable” to return to Wednesday’s game against the Boston Bruins with what they’re calling an upper-body injury. Bergeron received a two-minute boarding penalty for the infraction.

(Check out video of the hit above.)

The Capitals’ Twitter acknowledged the brewing bad feelings.

Does Bergeron deserve supplemental discipline for that boarding hit?

Update: The Capitals won the game 4-3 in overtime, but Niskanen did not return. Click here for more on the Caps’ victory.