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NHL could loan cash-strapped Devils money for operating costs


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#21 ohms law

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Posted 22 January 2012 - 11:33 AM

In finance, nothing is insignificant (nevermind a million dollars). Saying that adding payroll is insignificant is ridiculous. Sorry, but it is.
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#22 coldply123

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Posted 22 January 2012 - 11:57 AM

I've long said I'm very skeptical of Parise staying here. If he really wanted to stay here, he would have signed already. It's clear he's intent on testing free agency, and if he hits FA, there's going to be a number of teams jumping over themselves to give him a big deal. Add in the financial issues this team has, and it's not exactly hard science to see it.

Throw in the all the problems Lou has had since the lockout and the nonstop coaching carousel and Vanderbeek's meddling ownership and financial problems.

To be honest, Lou and Vanderbeek keeping Parise just to earn a million or two on a couple home playoff games in an opening series to only then lose Parise is what I think the only deal might be in terms of keeping him. I'd be furious if they know for sure Parise would rather go elsewhere and then lose him for nothing. This team has shown it can't beat the big three in the conference in a series (Rangers, Flyers, Bruins).

I'm not sure I believe however that Parise is being shopped to lower payroll, but it may honestly be that Lou knows Parise isn't staying here. If he moves him, I hope he gets pieces back that can either help in the coming years, or be moved around for other pieces as well.
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#23 Marv4Life

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Posted 22 January 2012 - 12:10 PM

For a team who has added payroll this season via trades and overpayed for Andy Greene this summer they don't seem to be in THAT much financial trouble.

Edited by Marv4Life, 22 January 2012 - 12:10 PM.

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#24 coldply123

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Posted 22 January 2012 - 12:23 PM

For a team who has added payroll this season via trades and overpayed for Andy Greene this summer they don't seem to be in THAT much financial trouble.


They added payroll in a few hundred thousand in Ponikarovsky. I think the Foster deal was mostly a wash. Things can change in a heartbeat concerning debt and finances anyway from one period to the next in terms of a few months. It's clear Vanderbeek and the current finance structure of the team is taking on water.
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#25 NJDevs4978

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Posted 22 January 2012 - 12:27 PM

It's not adding as much as you think, or its insignificant. Remember you have to figure in the amount you were paying the people you shipped out. So from a bottom line standpoint the team isn't shelling out a whole lot more than it would have been without the trades.


That's why I said they added about a million instead of three plus million (the season value of Poni and Foster's contracts). But still, it's not nothing. They could very well sit on their hands, it's not as if Poni and Foster are going to be the difference between this team being upper echelon and one of the pack. Plus they haven't exactly gone into alarm-inducing cost-cutting mode - yet - or they would have traded Zach in the offseason and let Greene go.
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#26 Devils Pride 26

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Posted 22 January 2012 - 01:30 PM

Would you guys stop with this Parise crap? Chances are Lou hasn't even reached out to him yet. We all know about Lou's re-signing players in season policy.
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#27 Daniel

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Posted 22 January 2012 - 01:49 PM

Would you guys stop with this Parise crap? Chances are Lou hasn't even reached out to him yet. We all know about Lou's re-signing players in season policy.


I believe Zajac got a midseason extension. Also, in this case, Lou has said that the sides woukd continue to work on a new deal.
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#28 Triumph

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Posted 22 January 2012 - 01:58 PM

I believe Zajac got a midseason extension. Also, in this case, Lou has said that the sides woukd continue to work on a new deal.


Zajac absolutely did not get a midseason extension. How quickly we forget the panic that Zajac would go to arbitration and then leave as soon as possible/be traded.

Edited by Triumph, 22 January 2012 - 01:59 PM.

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#29 Daniel

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Posted 22 January 2012 - 03:34 PM

Zajac absolutely did not get a midseason extension. How quickly we forget the panic that Zajac would go to arbitration and then leave as soon as possible/be traded.


My bad.
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#30 lazer

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Posted 22 January 2012 - 06:58 PM

ok, i cant go into all of this fully based on speculation but,

if you could retain ownership and claim bankruptcy while receiving handouts from the NHL you would.

now, if Vanderbeek is not paying bills that does not mean he doesnt have the money to do so

so the Parise question is whether they may be doing so to buy parise or maybe they add payroll because they know they will be selling parise...lol

but if the NHL is pumping dollars now they have an invested interest in the Devils which sounds good to me...

this team is tied to state issues too imo, isnt one of the few teams named by state and not by city
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#31 sundstrom

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Posted 23 January 2012 - 12:34 AM

it's just marty on the mid season/term extension.

and as for parise "being here if he really wanted to", the devils have not approached him about a long term deal. i would'nt start the negotiation if i were him either. its for the devils to start, not parise.
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#32 Legion15

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Posted 23 January 2012 - 12:43 PM

Why would the NHL help us? They seem to hate the fact we even exist. Going back to when we had to pay the Rangers and Flyers for "invading their fanbase territory," not getting big name recognition for winning 3 CUPS and all those playoff appearances with Division Championships. I guess the only way you get recognition is to be an Original 6 or sign the next Gretzky (which probably still won't gain us elite status)

It's just seemed that the league doesn't mind undermining us when they can from growing into a household name outside NJ. Why would they care if we went away, other than it would upset the balance of the conferences?
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#33 Devil Dan 56

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Posted 23 January 2012 - 12:47 PM

Why would the NHL help us? They seem to hate the fact we even exist. Going back to when we had to pay the Rangers and Flyers for "invading their fanbase territory," not getting big name recognition for winning 3 CUPS and all those playoff appearances with Division Championships. I guess the only way you get recognition is to be an Original 6 or sign the next Gretzky (which probably still won't gain us elite status)

It's just seemed that the league doesn't mind undermining us when they can from growing into a household name outside NJ. Why would they care if we went away, other than it would upset the balance of the conferences?


The NHL helps teams in that are in financial trouble all of the time. Buffalo, Pittsburgh, Dallas, and Phoenix come to mind in the last decade. They would have done more to help Atlanta if they could, but the Thrashers were being forced out of their building and the NHL was already keeping the Coyotes on life support.


Also, any team coming into another team's territory would have to give to the established team. If a team ever goes into Hamilton or Toronto gets a second team, you can bet the Leafs and Sabres would see some form of compensation.

Edited by Devil Dan 56, 23 January 2012 - 12:49 PM.

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#34 DevsMan84

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Posted 23 January 2012 - 04:03 PM

The NHL helps teams in that are in financial trouble all of the time. Buffalo, Pittsburgh, Dallas, and Phoenix come to mind in the last decade. They would have done more to help Atlanta if they could, but the Thrashers were being forced out of their building and the NHL was already keeping the Coyotes on life support.


Also, any team coming into another team's territory would have to give to the established team. If a team ever goes into Hamilton or Toronto gets a second team, you can bet the Leafs and Sabres would see some form of compensation.


Exactly what I was going to say.

I really do not know where a lot of devils fans think that the NHL hates us. I know a lot of you will point to the kovy contract but the fact is the original contract was ridiculous and even though others have gotten away with it, his contract was so out there we were just pissed that the NHL finally put their foot down with this one.
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#35 justdo3043

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Posted 23 January 2012 - 04:27 PM

My link

"The Devils, who are reportedly on track to lose up to $20 million this season,"

How is it that we're on track to lose 20 million this season?

I find this all depressing...
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#36 Colin226

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Posted 23 January 2012 - 05:24 PM

My link

"The Devils, who are reportedly on track to lose up to $20 million this season,"

How is it that we're on track to lose 20 million this season?

I find this all depressing...


Uh oh, here's comes that "source" from The Post again.. Man, that "source" really hates us to be giving out such negative insider info on the team and only working with a known Devils-hating newspaper.. If this "source" really does exist, it's either a high level executive with the team who actually hates the Devils, or a high level NHL executive who doesn't mind putting his career in jeopardy by continuing to leak very private information


How could the Devils be on track to lose almost as much as Phoenix (despite better attendance at higher ticket prices, a much much better TV deal, a larger fan base, etc), and despite that, the NHL has no intentions right now of getting involved (per TG)?


I believe that we are in trouble if Jeff can't refinance the debt, and maybe we'll still be in some amount of trouble after that, but The Post's "source" is becoming more and more over the top, and less and less believable in my eyes


Edit: I also find it strange that their "source" made no mention of last year's loses.. I mean, how could we possibly be losing more this season than last season? To have access to the kind of financial info that this "source" claims to have, he/she must be a high level executive with either the Devils or the NHL, and would almost assuredly have access to last year's numbers as well, so why haven't we heard how bad last year was? It certainly would have played heavily into where we are now, and had to have been worse than this season, yet the "source" makes no mention of it.. :noclue:

Edited by Colin226, 23 January 2012 - 05:31 PM.

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#37 GoArmySports

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Posted 23 January 2012 - 05:44 PM

Does anybody know much the tv deal we have currently pays us per season?
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#38 justdo3043

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Posted 23 January 2012 - 05:58 PM

How could the Devils be on track to lose almost as much as Phoenix (despite better attendance at higher ticket prices, a much much better TV deal, a larger fan base, etc), and despite that, the NHL has no intentions right now of getting involved (per TG)?

Edit: I also find it strange that their "source" made no mention of last year's loses.. I mean, how could we possibly be losing more this season than last season?


this is what im saying...all these articles just don't make sense but worry me none the less...i wish it would just sort itself out
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#39 Colin226

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Posted 23 January 2012 - 06:58 PM

Does anybody know much the tv deal we have currently pays us per season?


I think it's something like $24 mil per season? And it's until something like the 2023 - 2024 season.. It's an amazing deal for the Devils

this is what im saying...all these articles just don't make sense but worry me none the less...i wish it would just sort itself out


We'll probably have to wait for the summer to really see what our situation is like.. The team and league probably won't say anything, and The Post will continue to scare us with their "source", but the actions of the team in terms of spending this summer should provide us a good indication of where we're really at

As for now, we have only added payroll this season and we did go ahead and resigned Greene for a generous sum of money, so that's positive
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#40 DevsMan84

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Posted 23 January 2012 - 07:07 PM

I bet the source is a devils army general;)
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