While some teams are struggling over whether or not they’ll be able to call their current home cities as their own, the Edmonton Oilers are securing their future in the Albertan oil town.
Oilers owner Daryl Katz and Edmonton mayor Stephen Mandel have been working together for some time now to trying to get a deal cut to build a new arena to replace Rexall Place in Edmonton. The Oilers have called Rexall Place home since they joined the old WHA back in 1974 and is the second oldest arena in the NHL, only Nassau Coliseum in Long Island is older.
Last night, Mandel and Katz announced that they’ve reached an agreement on a deal to finally build the new facility Katz and his ownership group have been hoping for. The details are juicy ones for other teams hoping to construct new buildings in the future.
The deal, approved by an 8-5 council vote following an hours-long meeting behind closed doors, closely follows a 17-part motion passed in April that laid out what the city wants to see happen.
The maximum construction cost will be $450 million. That will be covered by $100 million cash from Oilers owner Daryl Katz, $125 million from a ticket fee and $125 million from tax on surrounding development and other city funds.
The two sides will jointly work on a design.
The provincial and federal governments will be asked to put in the remaining $100 million.
Everyone’s chipping in with a piece here but it appears that fans and citizens will be helping to foot the bill in one form or another through ticket fees and taxes. While it’s a great deal for Katz and his owners and likely for downtown Edmonton development as the building will be located downtown, it always feels awkward to have so much money for deals like this come out of the citizens pockets.
At the very least, the City of Edmonton will own the facility while Katz and his people will run it and the deal worked out to build the arena locks the team into staying there for the next 35 years. Here’s to hoping things with the Canadian dollar don’t get screwy again or else this deal could turn sour.
Still, it’s a good thing for the Oilers to get themselves into a nice, new building worthy of their legacy through the 1980s and 1990s. Let’s just hope this doesn’t turn into something the fans and people of Edmonton turn around and regret in a major way in the future.
Mathew Barzal has agreed to terms with the New York Islanders on an eight-year extension, a move that keeps the franchise’s top forward under contract for the balance of his prime.
The deal is worth $73.2 million with an annual salary cap hit of $9.15 million, according to a person with knowledge of the contract. The person spoke to The Associated Press on condition of anonymity because the team did not announce terms.
Barzal has led the team in scoring, or been tied for the lead, every season since he became a full-time NHL player in 2017-18. He has 349 points in 411 regular-season and playoff games for the defensively stingy Islanders, who qualified for the postseason three consecutive times before an injury- and virus-altered last year.
“We feel recharged,” Barzal said recently. “We feel like everybody had good summers and worked hard, and we got that excitement back.”
Barzal, now 25, is coming off putting up 59 points in 75 games. The offensive star will now be asked to round out his game.
“I’m a fan because Mat has the ability to raise his game and to be a special player,” general manager Lou Lamoriello told reporters at the team’s practice facility on Long Island. “And now, with this contract and our faith in him, (it) puts that responsibility on him. We’re trusting that. It’s up to him to respond to that.”
OTTAWA, Ontario — Ottawa Senators goaltender Cam Talbot is expected to be out five to seven weeks with what the team called an upper-body injury.
The Senators initially called Talbot day to day with what they hoped was a minor injury. Instead he’s now expected to miss at least the first month of the NHL season.
Ottawa claimed goalie Magnus Hellberg off waivers from the Seattle Kraken upon announcing Talbot’s expected absence. Hellberg, who played for Sweden at the Beijing Olympics could split time with countryman Anton Forsberg while Talbot is out.
The Senators acquired Talbot from Minnesota during the offseason to make him their starter after the Wild opted against bringing him back along with Marc-Andre Fleury. Talbot, 35, had a 2.76 goals-against average and .911 save percentage this season.
Losing Talbot is a blow to the Senators, who also acquired winger Alex DeBrincat from Chicago and signed longtime Philadelphia Flyers captain Claude Giroux as part of a move toward contending and ending their playoff drought.
CHICAGO — Blackhawks forward Boris Katchouk will be sidelined for four to six weeks with a left ankle sprain, the team announced.
The 24-year-old Katchouk played almost 12 minutes during a 3-0 preseason loss to Detroit on Saturday night. He was acquired in a multiplayer trade with Tampa Bay in March.
The Blackhawks open the season on Oct. 12 at Colorado.
The team also said forward Jujhar Khaira is day to day with a right ankle injury.
ANAHEIM, Calif. — Ducks defenseman Urho Vaakanainen was taken off the Honda Center ice on a stretcher after he crashed into the end boards in the first period of Anaheim’s preseason game against the San Jose Sharks.
The Finnish defenseman was conscious and alert with full movement in his extremities at UCI Medical Center, the Ducks said.
The frightening incident occurred midway through the opening period when Vaakanainen smashed into the boards at a dangerous speed behind the Sharks’ net. Vaakanainen appeared to be concentrating on the pass he had just made to Derek Grant, who scored the Ducks’ opening goal on the assist.
Vaakanainen’s teammates came onto the ice and gathered around him as he was taken away on the stretcher.
The Ducks acquired the 23-year-old Vaakanainen from Boston last March in the deal that sent longtime Ducks defenseman Hampus Lindholm to the Bruins. After recording two assists in 14 games for the Ducks last season, Vaakanainen is attempting to win a top-six role on Anaheim’s defense this fall.