Feb 21, 2012, 12:25 PM EDT
The New York Post is reporting that New Jersey Devils owner Jeffery Vanderbeek is close to reaching a deal with a “deep-pocketed investor” that would buy him more time to raise capital and keep the team.
The investor will reportedly pay down $80 million in overdue debt, but there’s a catch – if Vanderbeek can’t raise the capital by the fall, he’ll have to sell the team.
It’s not clear how this might affect Zach Parise’s contract talks.
On the one hand, there’s the chance that adding more player salary to a business that’s reportedly losing money could negatively affect Vanderbeek’s ability to raise capital. Then again, losing Parise might be seen as a detriment to the business.
The Post reports that Vanderbeek is “pretty far along” in his quest to raise additional equity, so you never know, this whole thing might be solved before July 1 when Parise is set to become an unrestricted free agent.
- Update: Drouin out with upper body injury, not expected to miss preseason 0
- Report: NHL officials to participate in preseason without new CBA 1
- Evander Kane: I know I can score 50 goals 12
- ‘C’-less Thornton comes out swing against Wilson’s ‘tomorrow team’ talk 17
- Joe Sakic’s now general manager in name too 6
- Update: Giroux out two weeks with lower-body injury 26
- Update: Crosby on ice with Penguins teammates Friday, leaves early 5
- Ouch: Wild reportedly suspend Harding for ‘non-hockey injury’ 28
- Keeping Kuemper: Wild sign goalie to two-year deal reportedly worth $2.5M 15
- Selanne regrets harsh words toward Boudreau 10
- Heeeeeere’s Johnny! Davidson shreds Johansen’s agent for ‘baffling, nonsensical’ contract demands (65)
- Chiarelli: At some point, I’m going to have to trade a defenseman (56)
- Jackets reveal Johansen offers — including an eight year, $46M deal (55)
- Will the NHL publicize divers? (48)
- No icing on the PK? The USHL will see how that looks (43)