52 replies to this topic

[Zubie#8]

That NY Times article has more evidence of this impending sale than all the 'Devils are bankrupt' articles in the Post combined. Although the Post articles have lots of hearsay and conjecture, those are kinds of evidence.

The Post just publishes garbage to appease certain people.

Devils are moving to Kansas brah.

[Chuck the Duck]

The Post is basically the equivalent of the National Enquirer that tries to pass itself off as a legitimate newspaper. I tend to believe the NY Times article. However, should this sale go through, the biggest question that remains is, can this get done in time to re-sign Parise on July 1?

Edited by Chuck the Duck, 21 June 2012 - 09:03 AM.

[Jimmy Leeds]

But the Devils’ deep playoff run brought in $32 million in extra revenue, which has given Vanderbeek breathing room to seek a better deal.

Just make the Finals every year guys and no financial problems ever again !!

[DevsMan84]

The Post is basically the equivalent of the National Enquirer that tries to pass itself off as a legitimate newspaper. I tend to believe the NY Times article. However, should this sale go through, the biggest question that remains is, can this get done in time to re-sign Parise on July 1?

Overall the NY Post is indeed a glorified tabloid but a lot of times they provide more accurate reporting than the NY Times and NY Daily News. Hell the NY Post is the only paper who has a sports section that acknowledges the NHL existence. Good luck trying to find daily reporting on hockey in the Daily News or Times.

In this case it looks like a certain reporter for the NY Post has a sort of grudge against the Devils for whatever reason. The fact that Larry Brooks and Mark (N)Єverson (the Posts beat writer for the Devils) barely have said a peep about this when they too should be all over it. This just proves its really just this one reporter who is spewing this garbage and his own collegues either think its bogus or weak at best.

This new Times report is indeed optimistic and seems more accurate as the details actually make sense and acknowledges certain givens that the NY Post reporter does not. Therefore I am def more inclined to believe the Times report more than any of the Post reports so far. Again like I said earlier Kosman's last report was erratic at best and it looks like he was just listing off every possible scenario that could happen so he can cover his own ass.

[Daniel]

Surprised no one has pointed out this nugget in the Times article:

The term sheet also specifies that a compensation committee that includes the major shareholders be created to approve player contracts of more than three years that are worth more than $7.5 million after the first year, and which increase overall team payroll.

I'm still unclear about what the committee approval trigger is since the sentence is a bit awkward, but, obviously any deal that would be proposed to Zach would require the approval of this committee if the deal is in place at that time. Query whether any offers to Zach are part of the negotiations with the investors.

This compensation committee also directly takes personnel decisions out of Lou's hands, at least in certain respects.

[DevsMan84]

Surprised no one has pointed out this nugget in the Times article:



I'm still unclear about what the committee approval trigger is since the sentence is a bit awkward, but, obviously any deal that would be proposed to Zach would require the approval of this committee if the deal is in place at that time. Query whether any offers to Zach are part of the negotiations with the investors.

This compensation committee also directly takes personnel decisions out of Lou's hands, at least in certain respects.

Isn't that how most teams handle this anyways?

[Daniel]

Isn't that how most teams handle this anyways?

I haven't heard of anything like that before. Usually there's just a controlling stake that makes the decision. Or a GM is given a budget and that's it. I haven't heard of a separate shareholder committee, that is made up of non-majority stakeholders, that has to approve player contracts.

[sundstrom]

That NY Times article has more evidence of this impending sale than all the 'Devils are bankrupt' articles in the Post combined. Although the Post articles have lots of hearsay and conjecture, those are kinds of evidence.

No. Money down.

I wasn't going to let that go without giving you proper credit.

And to Daniel regarding the compensation committee - I'm not going to get completely bent out of shape on it. I'd be willing to bet its more of a formality and just something to appease lenders. To say that it takes ALL the power out of Lou's hands is a bit of a stretch.

[Triumph]

I haven't heard of anything like that before. Usually there's just a controlling stake that makes the decision. Or a GM is given a budget and that's it. I haven't heard of a separate shareholder committee, that is made up of non-majority stakeholders, that has to approve player contracts.

Again, just because you haven't heard of it doesn't mean it doesn't happen.

[sirbutlust]

the newspapers are full of journalists who just rehash everything they hear. God knows what the higher ups force them to write. thats just regular news. I get the daily news, and lately if it isnt bitter ranger fans badmouthing the devils, its coverage on Parise to hopefully go to the rangers.It stopped when he said he would never do that. Hockey coverage in papers sucks (except bergen record up north casue they report on the devils every game). I actually got published in the daily news Voices of the People opinion section saying there coverage of the Devils sucks (they edited it and left out hte part where i said the poor islanders are lucky for a tiny paragraph). most these newspapers could give two poops about hockey. I wouldnt trust anything they say. the people in charge of covering hockey in the NY papers seem to be guys who cover the rangers, and if all 3 teams play, they just post a Assoicated press article on the Devils or Islander game. Im ready to cancel my daily news. They currently are going on and on that that smug @#$@#$% alec balwin attacked one of their stupid photographers and it never ends. I guess i could get my Devils financial news from some NHL site but frankly i think most of their writers hate the devils too. IM just going to pretend everything is ok, and try and avoid teh Bergen Record which might actually report something i dont want to hear.

[Mayday]

Wasn't sure where to put this.

PollakOnSharks 1:40pm via Web One reason draft never in San Jose: Been advised that NHL requires host team to pick up a big chunk of the cost involved.

This doesn't mean anything really, but the NHL allowed us to host next years draft because they know were financially able to pay for it while San Jose wasn't. Maybe I'm reading into it too much.

[ZeroGravityFat]

no, TG also pointed that the league giving the draft to us shows confidence in the ownership situation and they wouldn't risk going to a place where there may be financial issues. i'm guessing the owners are sorted and the legal work is taking time with all the cup finals and draft tying up financial work in the offices.

[SMantzas]

Wasn't sure where to put this.



This doesn't mean anything really, but the NHL allowed us to host next years draft because they know were financially able to pay for it while San Jose wasn't. Maybe I'm reading into it too much.

I read somewhere that San Jose lost 20 million this year. I don't see how that's possible because they sell out every game and must have a great TV deal