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

Mumps outbreak hits Canucks, five players to miss Sharks game

BOSTON, MA - FEBRUARY 11: Troy Stecher #51 of the Vancouver Canucks skates against the Boston Bruins at TD Garden on February 11, 2017 in Boston, Massachusetts. (Photo by Maddie Meyer/Getty Images)
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The mumps are back.

Three years after a league-wide outbreak sidelined a slew of players, the Canucks have announced that d-man Troy Stecher has been diagnosed with mumps, while four other players — Chris Tanev, Nikita Tryamkin, Mike Chaput and Markus Granlund — have presented symptoms.

More, from the club:

The team has worked from the outset with the Vancouver Health Authority, NHL, NHLPA and BC Centre for Disease Control to minimize transmission of the illness.

In keeping with BC Centre of Disease Control and Vancouver Coastal Health guidelines, players presenting symptoms are immediately being tested and quarantined in isolation for a five-day period from the onset of symptoms or until test results prove negative.

Vaccines are also being administered to minimize further risk of contraction along with universal preventative hygiene measures as recommended by Vancouver Coastal Health including disinfecting all dressing room areas.

Vancouver’s in the midst of its bye week. Saturday’s home date against the Sharks will be its first since a 3-2 loss to Philly on Sunday.

Given that Stecher’s out and the other four are being quarantined, the Canucks project to be severely undermanned tomorrow. There was no immediate announcement for AHL recall plans, or emergency roster replacements.

Following Saturday’s game, Vancouver is back in action again on Tuesday, when it hosts Detroit.

Stars trade Patrick Eaves to Ducks

NEW YORK, NY - JANUARY 17: Patrick Eaves #18 of the Dallas Stars skates against the New York Rangers at Madison Square Garden on January 17, 2017 in New York City. The Stars defeated the Rangers 7-6.  (Photo by Bruce Bennett/Getty Images)
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The Anaheim Ducks have acquired winger Patrick Eaves in a trade with the Dallas Stars. The cost was a conditional second-round draft pick in 2017.

Eaves, 32, is enjoying a career year with 21 goals in 59 games. A pending unrestricted free agent, his cap hit is just $1 million. It was expected that he’d be traded prior to next week’s deadline.

Eaves join a Ducks team that could use a few more goals. Of note, Corey Perry has struggled offensively, scoring just 11 times in 62 games.

Below is the condition on the draft pick, which could turn into a first-round selection.

Based on draft position, Dallas will receive the middle pick of Ottawa, San Jose or Toronto’s second-round selections in 2017 per the conditions in which Anaheim acquired the pick from Toronto in a previous trade. Should Anaheim advance to the third round of the postseason and Eaves plays in 50% or more of their games in the first two rounds, the selection becomes the Ducks first-round selection in the 2017 NHL Draft.

Related: The Wild have options in search for forward depth

Bickell to play first game since MS diagnosis

WINNIPEG, MANITOBA - OCTOBER 13: Paul Postma #4 of the Winnipeg Jets and Bryan Bickell #29 of the Carolina Hurricanes head to the Carolina zone during NHL action on October 22, 2016 at the MTS Centre in Winnipeg, Manitoba. (Photo by Jason Halstead /Getty Images)
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RALEIGH, N.C. (AP) Carolina Hurricanes forward Bryan Bickell is expected to skate in his first hockey game since being diagnosed with multiple sclerosis.

The Hurricanes assigned Bickell to their AHL affiliate in Charlotte on Friday and say he’s expected to play for the Checkers on Saturday night.

The move came a day after he was placed on waivers in a procedural move that allowed the team to send him to the minors.

Bickell, 30, has been out since October, was diagnosed with MS in November and was placed on injured reserve on Nov. 11.

The three-time Stanley Cup winner with Chicago has been practicing with the Hurricanes for the past month.

Rutherford says Schultz extension ‘definitely a priority’ this summer

NEWARK, NJ - MARCH 06:  Justin Schultz #4 of the Pittsburgh Penguins looks on before a face off against the New Jersey Devils on March 6, 2016 at Prudential Center in Newark, New Jersey.  (Photo by Elsa/Getty Images)
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Justin Schultz‘s career has done a virtual 180 since joining Pittsburgh at last year’s trade deadline, and the Pens have made it clear they’d like to keep him around beyond this season.

“We have not [discussed an extension with Schultz],” GM Jim Rutherford said, per the Post-Gazette. “But he will definitely be a priority for us in the offseason.”

Acquired for a third-round pick last February, Schultz proved to be one of Rutherford’s best moves (part of the reason why Rutherford captured NHL GM of the Year). The former Oilers rearguard had seven points through 18 regular-season games and then thrived once getting into the playoff mix, helping Pittsburgh win the Stanley Cup.

He was signed to a modest one-year, $1.4 million extension last summer, which has turned out to be another Rutherford masterstroke.

Schultz has been vitally important for a Pittsburgh defense decimated by injury. His TOI is way up — 19:15 per game — and his offensive contributions have been outstanding. The 26-year-old has nine goals and 39 points through 56 games, putting him tops among all Pens d-men (and tied for seventh among all NHL blueliners).

Schultz is a pending RFA, and in line for a pretty big raise. The Post-Gazette suggested it could cost Pittsburgh $4-$5 million annually to keep him around, meaning Rutherford will have his work cut out. Chris Kunitz, Nick Bonino and Trevor Daley are all pending UFAs, while fellow d-man Brian Dumoulin is also restricted come July 1.

Rutherford will also need to deal with the Marc-Andre Fleury issue, specifically how to mitigate Fleury’s $5.75 million cap hit.