Tag: Charles Wang

Gary Bettman

Bettman points finger at Long Island politicos for Islanders move


There’s been plenty to talk about concerning the sale of the New York Islanders lately. From Charles Wang’s dealings with Andrew Barroway, to the sale of the team to former Washington Capitals owner Jon Ledecky, and the recent revelation there was even a third party involved as well.

Of course, the biggest part of the Islanders’ situation is their impending move to Brooklyn from Long Island.

Wang tried valiantly to refurbish Nassau Coliseum with his own money only to be rebuffed by Nassau County politicians. As Neil Best at Newsday shared, NHL Commissioner Gary Bettman puts all the blame for the Islanders’ slight relocation on the government leaders who helped make it all possible.

“This is a situation that is not of the Islanders’ making,” Bettman said. “The responsibility for what’s happened really lies with Nassau County and the Town of Hempstead. For the fans in Nassau, not just of the Islanders, but of circuses and rock concerts and the like, it’s a shame.

“The great news is the Islanders have a terrific arena to go to and this is an exciting opportunity for the franchise moving forward.”

Barclay’s Center will make for a fancy new home for the Isles, but the heart of the team is still held on Long Island. Say what you will about Bettman, but he’s 100% on point here.

Never mind the part about how they wouldn’t allow Wang to spend his own money to fix up and improve the Coliseum along with the area around it, but also the County and Town’s workaround by putting a plan based around taxpayer money up for referendum that was then voted down.

It was a political comedy of errors in which the victims were the fans and the businesses around the Coliseum that relied on Islanders attendance to give them a lift. Now the Isles will call Brooklyn home next season and the fans will have to spend plenty of time on the train there and back thinking about how much it stinks to be that much further away from their favorite team.


Report: Charles Wang had third party interested in buying Isles

Islanders Sale Hockey

It’s starting to look like New York Islanders owner Charles Wang had his hands full when looking for someone to buy the team.

According to Dan Primack at Fortune.com, Wang had a third party separate from Jon Ledecky, whom he sold the team to, and Andrew Barroway, who he’s now being sued by, he was negotiating with.

From Fortune:

Apparently unbeknownst to Barroway, Fortune has learned that Wang also was negotiating to sell the team to a Boston-based investment firm called Peak Ridge Capital. Not beginning in March, but several months earlier.

According to Primack, Peak Ridge was aware of Wang’s negotiations with Barroway and they came in with a bid of around $478 million for the team. Peak Ridge also would’ve had a former NHL player involved to help run the operations. Let’s all ponder who that could’ve been had they won out.

Of course, Wang went away from Barroway after he balked at his final asking price of around $548 million. Peak Ridge’s CEO, like Barroway did before Wang upped the ante, thought he had a deal done. According to Fortune, Peak Ridge isn’t interested in suing Wang.

Negotiating with multiple interested parties doesn’t seem uncommon, but it doesn’t do much for having good faith in those talks if you’re playing them all against each other.

Ultimately Wang got what he wanted so he’s satisfied. Of course, if he winds up stuck paying millions to Barroway for legal costs he might think otherwise.

Under Pressure: Garth Snow

Garth Snow

Nearly 12 months ago we here at ProHockeyTalk asked, What’s Garth Snow thinking?

Almost a calendar year later, the same question can be asked.

With new ownership in the process of taking over and the Islanders set to move into a new home for 2015-16, one has to wonder what Mr. Snow is thinking.

The man, who appointed Snow general manager eight years ago, Charles Wang, is on his way out and the team has qualified for the playoffs just once in the past seven years.

With big changes at the top ahead, Snow is under pressure to turn his team into a playoff contender sooner rather than later.

New York finished the 2013-14 season 14 points back of eighth place Detroit for the eighth and final playoff spot. The Islanders were last in the Metropolitan Division with a 34-37-11 record.

The Red Wings finished with 93 points to clinch that final playoff spot last season, the only time the Islanders have finished with more than 80 points in an 82-game season was Snow’s first year at the helm in 2006-07 where the Islanders lost in the first round of the playoffs to the Buffalo Sabres in five games.

Under Snow’s watch, the Islanders have had three coaches and one can argue, given Snow’s pressure to win now, Jack Capuano could also be written about in this space.

The good news for Snow is he’ll have his captain, and top center, John Tavares back and healthy after suffering a knee injury at the 2014 Olympics limited him to just 59 games in 2013-14.

Snow went out and got Tavares some help adding depth to the forward group by signing Mikhail Grabovski to a four-year $20 million deal and Nikolai Kulemin to a four-year $16.8 million deal. The hope is Grabovski and Kulemin can rekindle their chemistry formed while playing together for the Toronto Maple Leafs.

In goal, Snow went out and picked up the rights to Jaroslav Halak from Washington and inked him to a new four-year $18 million deal. Halak, who has a career 144-85-29 record with a .918 save percentage, should slot in nicely for the departed Evgeni Nabakov.

Halak should slot in nicely that is if he gets help from his defense.

The Islanders were 28th last season in goals-against ahead of only Florida and Edmonton. Snow didn’t do much to help his goaltender. He did go out and acquire the rights to Dan Boyle from San Jose, but was unable to come to terms with the pending unrestricted free agent, who signed with the New York Rangers.

The Islanders are also without Andrew MacDonald, who Snow sent to Philadelphia in March for minor leaguer Matt Mangene and a pair of draft picks.

Left are Lubomir Visnovsky, Travis Hamonic, Matt Carkner, Thomas Hickey and Brian Strait in addition to Calvin de Haan and Matt Donovan.

The Islanders did add a former Maple Leafs property on the back end as well in T.J. Brennan, the reigning AHL defenseman of the year. But given that Brennan was a minus-10 while scoring at nearly a point-per-game pace with the Toronto Marlies last season, I’m not sure how much help Brennan can be.

Then there’s budding prospect Griffin Reinhart, who at 20-years-old, could crack the Islanders opening day lineup. But to rest your defensive hopes on a rookie is recipe for disaster.

Snow’s inability to shore up defensive concerns could be what sinks him in New York’s final season on Long Island.

Related: In praise of John Tavares