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Devils owner short, needs $20M more


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#81 Devil Dan 56

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Posted 13 August 2012 - 04:23 PM

i would gladly pay you two hamburgers on friday, for one hamburger today!


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You got yourself a deal!
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#82 Zubie#8

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Posted 13 August 2012 - 09:20 PM

TG Blog about it...no new info though.

http://blogs.northje...n_from_lenders/
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#83 The 29th Pick

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Posted 14 August 2012 - 11:06 AM

Looks like Vanderbeek is close to getting things together.....but how damaging would it be if there's a lockout and no season (or half) this year? I'm sure the Dev's need every cent of revenue. But I'm not sure about salaries if there's a lock out, does the players association pay their salaries during the play stoppage?
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#84 BCdevil

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Posted 14 August 2012 - 11:12 AM

The players don't get paid if there is a work stoppage.
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#85 njd3b1ink

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Posted 14 August 2012 - 11:39 AM

The players don't get paid if there is a work stoppage.

If they dont play do all the players contracts get pushed back a year? For example, if they dont play at all, would zajac, clarkson, elias, and zubrus become UFAs next summer or the summer of 2014?
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#86 sundstrom

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Posted 14 August 2012 - 11:53 AM

If they dont play do all the players contracts get pushed back a year? For example, if they dont play at all, would zajac, clarkson, elias, and zubrus become UFAs next summer or the summer of 2014?


i believe that the year would be lost and they players you mention would all be UFA but that's of course something else that would have to be negotiated.
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#87 Triumph

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Posted 14 August 2012 - 12:18 PM

i believe that the year would be lost and they players you mention would all be UFA but that's of course something else that would have to be negotiated.


There would be no guarantees that Clarkson and Zajac would be UFAs if the rules change. But they're not going to lose an entire season.
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#88 The 29th Pick

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Posted 14 August 2012 - 12:37 PM

The players don't get paid if there is a work stoppage.


I remember an interview with one of the player reps during the season and he said something like "although we dont want a lockout, the NHLPA has a full year of salaries in an escrow account, that way players will still get a paycheck" in case it does happen.

I see in the NBA some players still got paid thanks to their agents way of constructing their particular contract.

http://www.slamonlin...ng-the-lockout/
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#89 DJ Eco

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Posted 14 August 2012 - 12:52 PM

i believe that the year would be lost and they players you mention would all be UFA but that's of course something else that would have to be negotiated.



I may be wrong but I imagine contract expiry and UFA-status is some good collateral to hold over the NHL's head, by the NHLPA. If the NHL is technically "enacting a lockout", they're the ones wasting a year of the players' time. It's a good bargaining piece for them to have. Imagine your team's GM (in our case Lou) freaking out in the owner's office (Vanderbeek) about having to re-sign all these guys and not having a whole year's worth of missed gameplay to be able to figure out the various issues around their futures. So yeah, I could be totally wrong, but it would seem that the threat of many contracts expiring would work in most players' advantage who aren't older guys like Marty, Moose, and Salvador (aka who want to keep playing for personal reasons).
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#90 Colin226

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Posted 14 August 2012 - 07:31 PM

If it were me, I would realize that holding onto the team would not be in the best interests of the team or the fans. To the extent I could control it, I would sell to someone who is committed to keeping the team in New Jersey and keeping the team competitive from a spending standpoint.


Yeah I mean I totally feel for the guy.. An it really is awesome that we have a true Devils fan owning the team.. But I don't see why he has to hang on to controlling interest of the team if it's going to hurt the franchise.. Why not just keep some stake and enjoy watching another rich dude call the shots? I mean, if I won the lottery I'd totally buy a small stake in the team

I still want to see how this all plays out because there is still a lot of speculation, but I can't see him ruining the team he loves just to try and keep control.. So I'm hoping that he has a vision/plan to right the ship
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#91 Zubie#8

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Posted 16 August 2012 - 09:45 AM

http://www.nypost.co...K#ixzz23iHhzbUE


New Jersey Devils owner Jeffrey Vanderbeek is close to a deal with lenders to retain control of the cash-strapped hockey team, sources told The Post.

It is the Post...take it with a grain of salt.

Edited by Zubie#8, 16 August 2012 - 09:45 AM.

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#92 crashline

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Posted 16 August 2012 - 10:14 AM

http://www.nypost.com/p/news/business/sources_devils_owner_is_on_verge_LxjE1uV62Fpl7407k8AMaK#ixzz23iHhzbUE



It is the Post...take it with a grain of salt.



I know there's been much debate whether it's a good or bad thing Vanderbeek came up with the money, but I can't help but be happy about this.
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#93 MadDog2020

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Posted 16 August 2012 - 12:44 PM

While the loan consolidation from my much-less-than-professional-level financial understanding should be a good thing (assuming there is a lower interest rate on the consolidated loan), I really don't want to put up with 2 more years of 'will he or won't he' with Vanderbeek. But I guess that's what we'll be doing.
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#94 DJ Eco

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Posted 16 August 2012 - 12:49 PM

I know there's been much debate whether it's a good or bad thing Vanderbeek came up with the money, but I can't help but be happy about this.



I'm happy about it on the very basic level of the Post being wrong again. Their doom and gloom stories about the Devils are always negated by the facts (when, and if, they surface)...
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#95 ZeroGravityFat

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Posted 16 August 2012 - 01:36 PM

Dennis Bernstein ‏@DennisTFP
Note on Bill Gallacher report to buy #Devils - legit player, was finalist on Stars and lost out to Gagliardi bid.
Retweeted by David Pagnotta
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#96 Zubie#8

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Posted 16 August 2012 - 01:46 PM

Dennis Bernstein ‏@DennisTFP
Note on Bill Gallacher report to buy #Devils - legit player, was finalist on Stars and lost out to Gagliardi bid.
Retweeted by David Pagnotta

Just saw that, very interesting and it was tweeted by three souces if I am correct, are these legit sources?

Edited by Zubie#8, 16 August 2012 - 01:52 PM.

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#97 ZeroGravityFat

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Posted 16 August 2012 - 01:58 PM

the report on tsn is saying JVB secured an extension, so i assume the report is legit and they are bringing in money from this guy to take care of stuff, but you never know, wait and see for the TG seal of approval i guess.
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#98 Zubie#8

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Posted 16 August 2012 - 02:06 PM

the report on tsn is saying JVB secured an extension, so i assume the report is legit and they are bringing in money from this guy to take care of stuff, but you never know, wait and see for the TG seal of approval i guess.

This guy Gallacher is a "Oil Tycoon" which means he has to be loaded.
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#99 ZeroGravityFat

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Posted 16 August 2012 - 02:11 PM

http://www.thefourth.../njd120816.html

Billionaire, and looks like once JVB settles with the lenders, he's allowed to sell the team, so I'm guessing that we will have a new owner before the season starts.
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#100 DaneykoIsGod

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Posted 16 August 2012 - 03:08 PM

Stu Hackel at SI.com's take on VBK

Gotta give the Devils owner his due

You’ve got to hand it to Devils owner Jeff Vanderbeek. The man has the escape ability of Houdini. Although Tuesday’s deadline for him to pay his creditors $77 million has come and gone and he does not have all the money that he had agreed to pay them, it appears he’ll keep control of his team, get more time to refinance his club and seek new partners.

Every time we’ve read an account of Vanderbeek’s perils, included in the story is some variation on the phrase, “Don’t underestimate Jeff Vanderbeek; don’t count him out.” Clearly that is true. The man is dogged, resourceful and, ultimately, successful. When it comes to those qualities, the Devils have a good role model in the owner’s suite.


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