Author: Cam Tucker

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Reports: New Coyotes ownership suffered losses of $16 million in first fiscal year (Updated)


The new Arizona Coyotes ownership group on Friday gave an update on the team’s financial status.

From FOX Sports Arizona:

The Coyotes ownership group reported its Fiscal Year 1 losses to the City of Glendale on Friday, and the number was alarming to everyone but the team.

Coyotes president and CEO Anthony LeBlanc said the team lost $16.458 million, but for Generally Accepted Accounting Principles (GAAP), it also had to include its one-time acquisition and closing costs ($7.878 million), along with the complete amount of the Mike Ribeiro buyout ($10.495 million), bringing the total operating loss to $34.831 million.

The latter is the figure that counts toward the team’s oft-mentioned “out clause,” which can be exercised within a 180-day window after five years and allows the team to leave Arizona if it reaches or exceeds $50 million in losses. The $50 million threshold is just a gating factor, not an automatic trigger for the out clause. There are many other determining factors.

It was initially reported the loss for the first fiscal year was about $16.6 million.

The Coyotes organization has been in a lengthy state of flux, with the NHL approving the sale of the majority stake in the franchise to Andrew Barroway at the end of December.

There have been rumors of Barroway possibly flipping the franchise to someone who would look to relocate it, and Barroway shooting down those rumors.

On the ice, the Coyotes are in the midst of a rebuild, after veterans Antoine Vermette and Keith Yandle were traded prior to the deadline earlier this month. And, as GM Don Maloney mentioned in January, this might mean some “suffering” in the shorter term.

The message from Friday’s update seems to be that the ownership group expects profitability, although it remains to be seen exactly when that could happen.

Meanwhile, the Coyotes do have an out-clause if they lose $50 million over the first five seasons.

Video: Flames’ Bouma ejected for kneeing


Calgary Flames forward Lance Bouma was given a major penalty for kneeing and a game misconduct after sticking out his knee on an open ice hit on Toronto Maple Leafs forward Brandon Kozun.

The incident happened as Kozun was carrying the puck through the neutral zone, just past the midway point of the first period. Bouma then fought Zach Sill.

Calgary jumped out to a 4-1 lead after the first period.

Kings just ‘decided to turn it around and start winning’


The defending Stanley Cup champion L.A. Kings were, not long ago, on the outside of this year’s playoff picture. Not anymore.

As of Friday, they’re now in the final Wild Card after shutting out the Vancouver Canucks on Thursday. Since early February, they’ve gone on an eight-game winning streak, and have won four of their last five games to get back into a top-eight spot in the West.

They’ve been in dire situations before. The San Jose Sharks can certainly attest.

And yet, when it matters the most, the Kings have suddenly been able to overpower their opposition, like it was as simple as flipping on a light switch.

“I think the games just got more important and I think the guys were getting sick of having to talk about why were doing so bad on the road,” Kings defenseman Drew Doughty told The Province on Thursday. “We decided to turn it around and start winning.”

Lundqvist continues to skate but still no timetable for his return


New York Rangers goalie Henrik Lundqvist, out since Feb. 2 with a vascular injury, continues to skate, but there is still no update on when he could possibly return to game action.

That’s according to multiple reports Friday, including from The Record.

“I’m not quite sure what the next steps are, we’ll find out,” said Rangers’ head coach Alain Vigneault, as per the club’s website.

“When he gets clearance I don’t expect it to be too long before he’s in goal. He’s been skating since the beginning. The only thing he hasn’t been doing is taking shots up top. My understanding of his work load is that it’s been very intense, so it shouldn’t take him long to be back and playing.”

While Lundqvist has been out, Cam Talbot has done an impressive job taking over the starting duties.

Talbot has 12 wins in 17 games since Lundqvist went down with injury, and has allowed only a combined five goals in his last five starts.

It appears, however, that Talbot will get a night off. Mackenzie Skapski will start Saturday against the Buffalo Sabres, as per Andrew Gross.

Sidney Crosby on his down year: ‘I wouldn’t change anything I’m doing’


Sidney Crosby might not hit 100 points this season. He’s only on pace to hit 86, according to

And while he may be only two points off the league lead as of Friday afternoon, before the New York Islanders on John Tavares hit the ice for their game against the Senators, this is being talked about as a down season for Crosby.

His goal totals are down from a year ago. His point total is down.

And yet, he’s manufactured a Corsi For rating of 55.7 per cent at five-on-five, which suggests puck possession isn’t an issue.

“I wouldn’t change anything I’m doing, to be honest with you,” said Crosby, as per The Canadian Press. “I’m working hard. I’m doing my best. If people’s expectations are higher than mine, then I can’t change that.”

On an individual level, this is his third worst season for shooting percentage, behind the lockout-shortened season and the 2011-12 campaign, when he played only 22 games.

The Penguins team shooting percentage with Crosby on the ice during five-on-five play this season has dropped below nine per cent, which is the lowest its been in his time as an NHL player, according to

“I’d love to score more,” he later added.

“You can’t explain why pucks hit posts and bounce out instead of in. I don’t have a great explanation for you. Other than probably a handful of times this year, I feel like some of those pucks would usually find a way to go in and not out.”

While his point totals might be down overall, he’s been a regular contributor on the score sheet over the past three weeks. Four times in his last nine games, he’s recorded two points or more.