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New Devils Financial News


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#1 njdevil26

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Posted 04 November 2011 - 10:01 AM

Don't really know what to believe anymore.

http://sports.yahoo....urn=nhl-wp16667
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#2 NJDevs4978

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Posted 04 November 2011 - 10:05 AM

When someone pays $25 million to get out of dodge, usually a sign that there's truth to all the doomsday reports. If the **** is going to hit the fan, hope it isn't before Zach gets signed at least lol.
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#3 Marshall

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Posted 04 November 2011 - 10:05 AM

For the first time I thought, for a second, what life would be like with the Devils. I hated it.
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#4 Elias26

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Posted 04 November 2011 - 10:08 AM

For the first time I thought, for a second, what life would be like with the Devils. I hated it.


My backup plan is to move to Florida and root for Tampa.
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#5 NJDevs4978

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Posted 04 November 2011 - 10:10 AM

The Devils are not moving. Worst case they become Nashville with a miniscule budget the next few years with VBK having to sell to a crappy owner.

Edited by NJDevs4978, 04 November 2011 - 10:11 AM.

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"The Devils have high standards, that's the difference. We have a standard to live up to every year, and a couple of teams in our area don't have the standards we do." - Pat Burns

The New Jersey Devils win Stanley Cups everywhere:
-NHL record for most road wins in the playoffs - 10-1 in '95 and 10-2 in '00
-NHL record for most home wins in the playoffs - 12-1 in '03

#6 DevsMan84

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Posted 04 November 2011 - 10:16 AM

Cue Colin doing his best Triumph impression telling us to remain calm and everything is hunky dory concerning this situation.
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#7 njdevil26

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Posted 04 November 2011 - 10:18 AM

Colin wants the Devils to move so he can become a Flyers fan for his GF.
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#8 Martyisth3b3st

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Posted 04 November 2011 - 10:19 AM

Cue Colin doing his best Triumph impression telling us to remain calm and everything is hunky dory concerning this situation.

My God you're a broken record. We get it, brah.
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#9 DevsMan84

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Posted 04 November 2011 - 10:21 AM

My God you're a broken record. We get it, brah.


That makes no sense, but that is the gist of 99% of your posts.
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#10 Beetlebum

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Posted 04 November 2011 - 10:22 AM

Kevin Smith should buy part of the team.
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#11 newarkdev01

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Posted 04 November 2011 - 10:22 AM

Why wouldn't we remain calm, even if JVB is going BK the value of the team is in the arena so they aren't going any where. I think NJDEVS put it best, worst case we have a lower budget and have to shed some contracts till we get a new owner...honestly we are incredibly spoiled fans and Im not going to off myself if the team has to struggle a bit, after all I am a Mets fan.
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#12 DevsMan84

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Posted 04 November 2011 - 10:27 AM

Why wouldn't we remain calm, even if JVB is going BK the value of the team is in the arena so they aren't going any where. I think NJDEVS put it best, worst case we have a lower budget and have to shed some contracts till we get a new owner...honestly we are incredibly spoiled fans and Im not going to off myself if the team has to struggle a bit, after all I am a Mets fan.



That may be, but really who is to say a situation like what happened Atlanta can't happen to us where the owners are struggling financially and taking such loses that they have no choice but to sell, and the only buyers are ones looking to move the team?

I really do hope what you put really is the worst case senario. I will still follow the team if they suck. Hell I started watching them when they still sucked in 89.

Kevin Smith should buy part of the team.


Yes, with all the piles of money he made from his films in the last 10 years and he can sign the ownership papers while wearing his Gretzky Edmonton jersey :whistling: :rolleyes:
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#13 Triumph

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Posted 04 November 2011 - 10:28 AM

the devils aren't moving, it's just a question of when vanderbeek can finally sell and get out. he brought the newark arena which is great, but he also bought the team with money he didn't have, and hasn't gotten.
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#14 njdevil26

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Posted 04 November 2011 - 10:29 AM

Shedding contracts won't even be too bad. Salvador will be gone after this season and be replaced with Urbom saving 2 mil, Brodeur's contract is up and with his injuries I honestly think he's going to retire (saving 5.2 mil) Parise's raise will have to be in the 1-2 mil range but I'm sure Lou will work out a deal like Kovy where Zach will get paid 6 mil the next year or two (same as now). I bet Kinkaid is going to get some time this year as well in net to see if he can start/back up for next season. They might have to trade Zubrus to save his 3.6 mil for the last year of his contract as well. The Peters/Pandolfo buyouts will be gone saving another 1 mil...

There are some decent ways here that JVB can save some cash without gutting the team.
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#15 newarkdev01

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Posted 04 November 2011 - 10:30 AM

the devils aren't moving, it's just a question of when vanderbeek can finally sell and get out. he brought the newark arena which is great, but he also bought the team with money he didn't have, and hasn't gotten.

I think I'm with you on this. I think he leveraged everything but I'm fine with it because he brought the devils to Newark and managed to get one of the nicest arena's in the country built. I do wonder who would purchase the team though after the whole thing with the mets....eh, what can you do. :noclue:
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#16 njdevil26

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Posted 04 November 2011 - 10:31 AM

and the team could always lower mother******g ticket prices and get people to games!
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#17 DevsMan84

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Posted 04 November 2011 - 10:33 AM

and the team could always lower mother******g ticket prices and get people to games!



Oh there you go being silly:)
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#18 Devils731

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Posted 04 November 2011 - 10:35 AM

and the team could always lower mother******g ticket prices and get people to games!


Or the team loses more money from lost revenue. The team isn't purposefully setting ticket prices to purposefully lower revenue and attendance.

When someone pays $25 million to get out of dodge, usually a sign that there's truth to all the doomsday reports. If the **** is going to hit the fan, hope it isn't before Zach gets signed at least lol.


I don't think this has actually happened yet. It's all being tied together with the refinancing of the expired loan and done at the same time. So who knows if that's still the situation now.
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#19 njdevil26

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Posted 04 November 2011 - 10:35 AM

Oh there you go being silly:)


I am very silly lol. I just don't understand how the team hasn't figured it out yet. Move game times back to 7:30 on weeknights so people have the time to get there after work, and lower prices a little bit! There's no reason people should have to pay over 100 to sit in the goal bar. There are no amenities. You aren't in the lower level and you have exclusive access to pay 9$ for a beer at a nice looking bar. Mezzanine seats at center ice are 80-100$... the are 60$ in Philly.

The Devils could also look to buy that lot between the arena and Arena Lounge. It's owned by the city and they could buy it and own a parking lot= more revenue.
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#20 DevsMan84

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Posted 04 November 2011 - 10:35 AM

Or the team loses more money from lost revenue. The team isn't purposefully setting ticket prices to purposefully lower revenue and attendance.



You can make it up or exceed that in concessions/merchandise/etc if you get more people through the doors with lower ticket prices.
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