Hockey Trash Talk & BS thread

^


Kane seems like putz.

 

The harsh reality:

http://petapixel.com/2013/06/27/chicago-tribune-and-sun-times-covers-after-the-stanley-cup-finals/

 

almost positive he will sign with the Habs. Makes sense

 

so how is seattle susposed to keep a hockey rink full when their NLL team just relocated to Hongcouver

 

they have the cap space, there have been rumors swirling for years but the price has always been to "pricey"

 

PHOENIX -- The city of Glendale released the proposed terms of an arena management deal Thursday that would keep the Phoenix Coyotes at Jobing.com Arena for 15 years.

Under the agreement, the city would pay the Renaissance Sports and Entertainment group $15 million annually to manage the city-owned arena. The city has $6 million budgeted annually to pay a management group.

To bridge the shortcomings, RSE has proposed to reimburse the city through a revenue sharing program. The city would receive about $7.3 million annually from ticket fees, parking fees and other sources of revenue to bridge the shortcoming. According to documents provided by the city, the estimated revenue share would leave about a $1.2 million gap that the city would be responsible for.

However, RSE has proposed an additional $1.50 ticket fee, the proceeds of which would be placed in an escrow account. Following a year-end audit, the city would then be able to withdraw funds from that account to shore up any shortcomings. Should the other revenue streams cover the city's needs, the money in escrow would transfer to RSE and the account reset to a zero balance.

The amount of money provided to Glendale through the revenue sharing program will increase as attendance levels rise, among other factors.

The proposed agreement does have a clause that would allow RSE to leave Glendale after five years and if total losses exceed $50 million anytime during the agreement.

City officials have expressed concern that Glendale would be responsible for any revenue shortcomings and that the city would not be able to terminate the deal should revenue goals go unmet.



Here is the actual deal, if you care that much.

 

UNRESOLVED CONCERNS FROM THE CITY OF GLENDALE:

Since the NHL Coyotes unexpectedly went into bankruptcy in 2009, the city of Glendale has worked
consistently to protect its investment in the Sports and Entertainment District and bring a resolution to this
matter. The city has worked with the NHL and several prospective buyers to determine a solution in the best
interest of the city. There are unresolved serious concerns with the current proposed agreement including:

 Risk to the city:
o The city bears all the risk if the revenue projected by Renaissance is not realized.
o The deal requires a $15 million management fee to Renaissance. The city has budgeted
$6 million to pay for part of the $15 million arena management fee and Renaissance has
projected shared revenue streams to help bridge the gap. Should those projections not be
realized, and the city does not receive the projected revenues, then the city would need to
make up that loss.
o The proposed agreement is for 15 years and does not allow for the city to terminate the deal if
revenue projections are not met as long as the Coyotes play in the arena.
o The proposed contract can be terminated by Renaissance if their cumulative losses reach
$50 million, and, in any event, after five years.

 Revenue streams:
o Approximately $3 million, of the proposed revenue is not new to the city and includes
revenue previously included in the city’s budget for next year.
 Timeframe:
o The timeframe for this current proposed agreement has been extremely tight making it very
difficult for the city of Glendale to perform due diligence and negotiate a $225 million deal.
The first proposal deal points were submitted to the city in early June with an expectation for
completion by July 2. The city appreciates the urgency pressing the Renaissance Group, but
has a duty to be transparent and provide sufficient time to the public to provide input.
o The proposed agreement needs to be completely vetted and approved by the city’s legal team
and management to determine any issues. The most recent contract proposal was received
from the Renaissance Group for review by the city of Glendale at approximately 9 p.m. on
Wednesday, June 26. The Renaissance Group expects the Glendale City Council to vote on
the agreement on Tuesday, July 2.

 

Glendale Mayor Jerry Weiers on the current developments: "Three council members have forced my hand to have a voting meeting on July 2. I still don’t think negotiations are finished. But if we have to cease negotiations, by God, I want this to be public.”

 

Board meeting ran over by an hour and half.

Here are a couple of twitter posts:

Gary Bettman says there was no board action on the #coyotes today. Still waiting on Glendale.
Chris Johnston (@reporterchris) June 27, 2013

Jesse Spector‏@jessespector30s
Bettman: “If the council doesn’t approve it… I don’t think the Coyotes will be playing there anymore.”

@reporterchris: It sounds like NHL has prepared multiple 2013-14 schedules for Phoenix/Seattle scenarios, etc. Expect release in mid-July

 

Flames trade Tanguay and Sarich to Avs for O'Brien and Jones

 

The Flames should just compliance buyout Fester before he does anything worse, if its possible

 

Nothing makes sense

Like that^
Or AV and Torts swapping, or TB actually having money to buyout a player for $30 million. And another one: Letang might be dealt at the Draft.

 

so the way things are going i guess messier is going to be heading to the canucks as well
since he has left the rangers organization

 

He left? Why

 

He is probably mad they passed over him for the head coaching job. He denies thats why he is leaving.

 

^ “I am resigning my position with the team to pursue an opportunity to expand the game of hockey in the New York area by developing the Kingsbridge National Ice Center. " Messier

 

What a baby

 

With Penguins defenseman Kris Letang reportedly turning down an eight-year contract offer worth approximately $56 million, what would you give up for the guy?

I don't see him as a legitimate No. 1 defenseman, and the price will be steep. Not to mention he's a UFA at the end of next season. He's currently making $3.5 million.

 

Agree letang turned down a great offer. I dont know if I see him staying. He isnt defensively responsible enough to be worth the 7mil a year the offered him.

 

this^^^^^