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New Jersey Devils 2011-2012


ColRouleBleu

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  • 2 weeks later...

I heard he's out scouting bowling alleys in Jersey first.

lol

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DEVILS INTRODUCE DEBOER AS TEAM'S NEW HEAD COACH

93343190-218x150.jpg

http://www.tsn.ca/nhl/story/?id=372047

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DEVILS INTRODUCE DEBOER AS TEAM'S NEW HEAD COACH

93343190-218x150.jpg

http://www.tsn.ca/nhl/story/?id=372047

Well, theres a higher chance for one of my assistant coaching candidates now!

How do you think DeBoer will do?

Well I'm sure Lemaire had to do extensive interviewing and such to make sure he doesn't have to come out of retirement, he will be better than Maclean. If Brodeur can keep it up, they will be in the playoffs.

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Well, theres a higher chance for one of my assistant coaching candidates now!

Well I'm sure Lemaire had to do extensive interviewing and such to make sure he doesn't have to come out of retirement, he will be better than Maclean. If Brodeur can keep it up, they will be in the playoffs.

The only question now is how much longer Brodeur can keep it up.

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  • 2 weeks later...

rolston1_63931.jpg

UNIONDALE, N.Y. -- In a move that helps both teams in regard to salaries, the New Jersey Devils acquired forward Trent Hunter from the New York Islanders in exchange for forward Brian Rolston on Thursday.

Hunter, 31, spent nine seasons with the Islanders, compiling 99 goals and 229 points in 459 NHL games.

He played just 17 games last season, scoring one goal, because of a torn knee ligament. Acquired from Anaheim on May 23, 2000, Hunter was a Ducks' sixth-round draft choice in 1998.

Rolston, 38, was in his second stint as a Devil. He had 14 goals and 34 points last season, when New Jersey missed the post-season for the first time since 1996.

The deal brings the Islanders closer to the NHL's salary floor of $48.3 million next season. It also gives the Devils more cap space to attempt to sign restricted free agent Zach Parise, who is scheduled to go to salary arbitration next week.

Rolston is entering the final year of a deal that pays him a little more than $5 million. Hunter is scheduled to earn $2 million.

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  • 3 weeks later...
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  • 4 weeks later...

Not good :(


Devils skate to verge of bankruptcy

By JOSH KOSMAN

Last Updated: 9:18 AM, September 12, 2011

The New Jersey Devils training camp doesn’t open until tomorrow but already the three-time NHL champs are skating on thin ice, The Post has learned.

The attendance-challenged, heavily indebted team missed its Sept. 1 loan payment, giving its lenders a breakaway chance to push the team into bankruptcy, a source with direct knowledge of the situation said.

“The Devils are blowing up,” the source said.

The team’s financial hardships could also affect Newark’s four-year-old Prudential Center, the Devils’ home arena. Team-owned Devils Arena Entertainment operates the $375 million building and guarantees the Devils’ loans and, therefore, is in danger of also going bankrupt.

Two issues are complicating matters. First, principal owner Jeff Vanderbeek and co-owner Ray Chambers, each of whom owns 47 percent of the franchise, are on the outs. Chambers, through his Brick City Hockey unit, has been trying to sell his non-controlling stake in the franchise for a year.

But the efforts of Chambers and Moag & Co., a Baltimore investment bank, have been unsuccessful, despite, a source said, cutting their asking price 20 percent to $200 million. Forbes last year estimated the Devils were worth $218 million, No. 11 in the league, down 2 percent from 2010. The team is ranked No. 25 in attendance.

Second, Vanderbeek’s relationship with the lenders is as frosty as the rink surface at The Rock, as the arena is known.

The Devils have told their banks to get lost, the source said.

“You have a bank group that wants nothing to do with Vanderbeek,” said a source, who added they have been upset with how late they have been with financial information.

Some lenders are already considering selling their stakes to vulture investors, the source said.

“This is going to be a very difficult situation.”

If the Devils, who along with the arena operation company, owe 15 percent more than the team is worth, according to Forbes, are declared bankrupt -- and one source speculates that has already happened -- lenders cannot repossess the team and force a sale for at least 180 days.

The Devils’ past-due loan payment of roughly $100 million is owed to a CIT-led lending group. Devils Arena Entertainment owes $180 million, the source said.

The financial forecast at The Rock is also stormy. While it is expected to post its first profit this year, the arena is facing a potential loss of revenue from the NBA lockout. The New Jersey Nets, who are scheduled to play their second and last season in Newark beginning next month, could be forced to cancel many games.

Collecting proceeds from Nets games is what makes Devils Arena Entertainment profitable, and the NBA lockout could result in The Rock losing 25 percent of its 161 dates, according to a recent Bloomberg News article.

The Nets will face no financial penalty if the lockout forces them to cancel games. “So the facility is at risk,” Richard Krezwick, the GM of the arena, told Bloomberg.

A Devils spokesman did not return calls.

http://www.nypost.com/p/news/business/devils_in_the_red_Mi3p63lfff0OCTWRIdroxH

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http://www.theglobeandmail.com/sports/hockey/report-nhls-devils-inching-towards-bankruptcy/article2163017/

Devils on way towards bankruptcy. *sigh*. This won't help collective bargaining.

The players better be smart because the NBA is about to die thanks to their strike and hockey cannot afford another season cancelled due to a strike. The NFL set a standard with their deal.

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No surprise there, they put the arena in an idiotic place. No one wants to go there, even when they make the playoffs they have many empty seats. It was not a smart choice on their part to move the team to where they did.

Same for the Ottawa arena. Did a show with my band back in the 90's (when it was called the corel centre) and couldn't believe how far out of the city it was.

Ridiculous.

This season is either make or break for the devils. It's not like they've been in the basement for the last 10 years, last year was the 1st season out of the playoffs in ages.

Oh well. Maybe Hamilton will get it's team after all.

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