Tag: Josh Harris

Ray Shero

Under Pressure: Ray Shero


Despite being in just his first season as general manager of the New Jersey Devils, Ray Shero is under pressure to address the concerns currently facing the organization.

New Jersey has missed the playoffs in three straight seasons and in four of the last five years.

One of the reasons for the lack of success in New Jersey has been the team’s inability to score goals. The Devils finished the 2014-15 season 28th overall in goals-for per-game with 2.15. The club has not had a 30-goal scorer since the 2011-12 season when Ilya Kovalchuk, Zach Parise and David Clarkson each reached the 30-goal plateau.

“Obviously the last three years haven’t been what was expected,” Shero told NJ Advance Media last month. “We’ve got work to do.”

Not helping matters is ESPN’s latest prospects rankings, which has New Jersey’s prospects ranked 26th in the league ahead of just the L.A. Kings, Minnesota Wild, New York Rangers and Pittsburgh Penguins.

Despite the ranking, Shero told The Bergen Record’s Tom Gulitti in July that he felt there were “a handful” of players at the team’s development camp who could compete for jobs at training camp in September.

“I think there will be some surprises both on the good end and maybe not-so-good end,” Shero said. “But that’s training camp and that’s the competition.”

On the blue line, New Jersey’s youth will once again be tested. The Devils could have as many as five defensemen 24 or younger this season.

“We’re out to build a winner, an elite hockey team that wins on a consistent basis so that’s got to start with the organization,” said Devils’ owner Josh Harris. “The Devils organization is and was a quality organization.

“Anytime you bring in new leadership there’s always change and I think we try to embrace that and make it really positive.”

Related: Looking to make the leap: Pavel Zacha

Lamoriello’s departure removes any doubt: Devils are Shero’s team

2015 NHL Draft - Round One

Lou Lamoriello becoming the Toronto Maple Leafs’ new GM wasn’t just a surprise to New Jersey Devils fans. Executives didn’t see it coming, either.

Principal owner Josh Harris told the press that he found out “very recently” that Lamoriello wasn’t happy about a power-sharing situation with new GM Ray Shero.

“When you’re used to having absolute control of an organization… it was a different situation,” Harris said of Lamoriello, according to the Newark Star-Ledger’s Rich Chere.

Shero is the new sheriff in town

Speaking of absolute power, it sounds like Shero will clearly be the man in charge, rather than dealing with more of a transition with Lamoriello as president. Harris said that he doesn’t feel the need to hire a new team president after this stunning departure.

Shero admitted that he was “surprised” that Lamoriello left for Toronto.

What’s next for New Jersey?

While Harris made the typical overtures about the team being willing to spend, it indeed sounds like the franchise may play it tight and rebuild:

As far as team-building goes, this is quite clearly Shero’s unquestioned regime now, but some other executive matters may be a collective effort.

Harris admits that he’ll miss Lamoriello, yet maybe pictures like these provide a decent argument that it might be best for everyone to remove such a looming, overwhelming presence. At least if they want to make some changes:

source: AP
Via AP

Report: Devils to lose money in 2014-15

New York Islanders v New Jersey Devils

Despite having new owners in Josh Harris and David Blitzer, the New Jersey Devils are scheduled to once again lose money in 2014-15.

According to the report from Tom Gulitti of The Record, Harris and Blitzer — who purchased the team from Jeff Vanderbeek a year ago for $320 million — are still fixing previous financial issues.

The Devils missed the playoffs for a second straight season in 2013-14 and according to Blitzer the team will not turn a profit in 2014-15 even if New Jersey qualifies for the postseason.

“We’re not going to make money this year. Let’s be clear,” said Blitzer. “I don’t know the exact numbers, but our view is to get it to the right place and we know over a longer period of time we do believe we can get it to be a profitable team on the business side or the equation. It is not today. I don’t expect it to be next year, but over time you can’t have a business that over 30 years it doesn’t become a profitable team because that just doesn’t work.”

According to the report, the team had debt issues and was “under invested in” on the business side.

Devils CEO Scott O’Neil points out the team was severely understaffed on the business side with just 76 employees when the new group took over. Since then, the staff has nearly doubled.

The team’s debt isn’t expected to factor into the Devils and GM Lou Lamoriello’s ability to spend money. As it stands, New Jersey sits with less than $5 million to play with.

Lamoriello compared the situation under previous ownership to that of the Phoenix Coyotes saying that he had to report to the league as a result of the team’s financial struggles.

“It was like Phoenix from a hockey standpoint. That was fact,” said Lamoriello. “You had to do things in a different way.”

Lamoriello pointed to the signing of unrestricted free agent Mike Cammalleri and contract extensions to Cory Schneider and Andy Greene as ways things have changed under the new group.

The GM said things are “status quo”  with unrestricted free agent Ryan Carter. According to Gulitti, Carter seems to be waiting for the Devils to move a forward before re-signing him.

When asked about restricted free agent Eric Gelinas, Lamoriello said, “We have a month to go. We want to get him signed.”

New Jersey finished the 2013-14 season with a 35-29-18 record and in 10th place in the Eastern Conference.

Related: Devils GM shakes off 0-13 shootout record, pumps up free agent moves