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.”

 

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WATCH LIVE: Pittsburgh Penguins at Ottawa Senators – Game 6

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Last night, the Nashville Predators demoralized the Ducks and advanced to their first-ever Stanley Cup Final. Will we learn their opponent tonight or on Thursday?

That’s up to how the Pittsburgh Penguins and Ottawa Senators perform in Game 6 of the Eastern Conference Final.

Will Sidney Crosby and the Penguins follow that 7-0 rout with a close-out performance, or will Erik Karlsson and the Senators avenge that embarrassing loss to send this series to a decisive Game 7?

Find out on NBCSN at tonight. You can also watch the game online and via the NBC Sports App.

Here’s what you need to know:

Pittsburgh Penguins vs. Ottawa Senators (Pens lead 3-2)

Time: 8:00 p.m. ET

Network: NBCSN (Stream online here)

Check out the highlights from Pittsburgh’s 7-0 win in Game 5

Related:

Pens redefining defense by committee

Four things the Pens need to do to eliminate the Sens

Swedish League champ sees another sign in NHL

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It’s an offseason of change for SHL champion HV71.

In the days following the league title, HV71 saw No. 1 goalie Linus Soderstrom sign his ELC with the Isles and d-man Andreas Borgman — the league’s rookie of the year — ink with the Leafs.

Earlier today, HV71 winger Filip Sandberg signed a two-year deal with San Jose. Shortly after that, Columbus announced it inked Sandberg’s running mate up front, Kevin Stenlund, to a three-year, entry-level deal.

Stenlund, 20, was the Blue Jackets’ second-round pick (58th overall) at the 2015 draft. He’s coming off a good year, setting career highs in goals, assists, points and games played during the regular season, then adding 10 points in 16 playoff appearances.

And he might have a chance to build on that campaign.

Per the Dispatch, the Blue Jackets expect Stenlund to play next year in Sweden, rather than try to make the move overseas. It’s possible the Isles could make the same decision with Soderstrom — meaning it’s not all bad for HV71.

 

Oilers re-sign Pakarinen for one year

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The Edmonton Oilers have given winger Iiro Pakarinen a one-year contract extension.

From the release:

Pakarinen just finished his third season with the Oilers organization, appearing in 14 regular season games in 2016-17, posting four points (2 goals, 2 assists).  The 25 year old forward missed 53 games due to an injury suffered during the pre-season. He appeared in one playoff game against the San Jose Sharks.

The Oilers brought Pakarinen over from Finland in 2014. Since then, he’s split his North American career between the AHL and NHL while drawing praise for his versatility and hard-nosed style.

Per CapFriendly, Pakarinen’s cap hit will be $750,000 in 2017-18. It’s a one-way deal.

Market heating up for prized Czech d-man Rutta

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Coming off an impressive performance for the Czech Republic at the World Hockey Championship, Jan Rutta is now being courted by a number of NHL clubs.

Per The Athletic, the Blackhawks are in contention for securing Rutta’s services. That comes on the heels of earlier reports from TSN’s Darren Dreger, who said there are “multiple” offers for the 26-year-old, including ones from Edmonton and Calgary.

“He’s a steady defenseman with size, and he had a strong finish of the season,” an NHL scout told The Athletic. “He was very good in the playoffs and played his best at the Worlds.”

Rutta, who was never drafted by an NHL club, has spent his professional career with Czech League outfit Pirati Chomutov. He’s blossomed into a talented offensive defenseman — finishing second among Czech League d-men with 32 points in 46 games this year — and, as mentioned above, has good size at 6-foot-3, 200 pounds.

Last week, Rutta’s agent — longtime Octagon Hockey representative Allan Walsh — tweeted that his client would make a decision on NHL offers soon.