Feb 26, 2013, 9:55 AM EDT
New Jersey Devils and City of Newark have reached a revenue-sharing arrangement for the Prudential Center, according to the Star-Ledger.
If the deal is approved by the city council, it would be the end of a lengthy and heated saga that involved Mayor Cory Booker calling Devils owner Jeff Vanderbeek “a highfalutin, high-class huckster and hustler.”
That statement came after arbitrators ruled that Newark had to pay the hockey franchise $2.7 million a year in parking revenue. The new agreement will reportedly continue that practice.
The city will also construct a new parking deck on Green Street, which is guaranteed to generate some income because the Devils have already committed to renting spaces.
This deal, if approved, also means that Newark will put a 1.37% tax on tickets for the Devils’ home games — as well as for any other tenant events. The state Legislature would need to sign off on the tax.
When everything is said and done, Newark could raise $50 million over the span of what’s believed to be at least a 25-year agreement.
Jun 29, 2015, 10:55 PM EDT
He played with four different NHL teams last season.
Jun 29, 2015, 10:31 PM EDT
It’s not all about the Zac Rinaldo trade, although that certainly didn’t help.
Jun 29, 2015, 9:29 PM EDT
He establish himself with the team after years of work primarily in the AHL.
Jun 29, 2015, 8:26 PM EDT
San Jose still has an opening on its blueline.
Jun 29, 2015, 8:00 PM EDT
He’ll start the season as Vancouver’s backup goaltender.
Jun 29, 2015, 7:40 PM EDT
They are now set to become unrestricted free agents.
Jun 29, 2015, 6:43 PM EDT
He’ll reportedly earn $1 million next season.
Jun 29, 2015, 6:40 PM EDT
Toronto, Calgary and Pittsburgh are amongst the teams, which have reached out.
Jun 29, 2015, 5:54 PM EDT
The payment will be made on Wednesday.
Jun 29, 2015, 5:13 PM EDT
Bill Hay and Peter Karmanos Jr. are also going in as builders.
Jun 29, 2015, 4:27 PM EDT
Also inside is information about the potential cap recapture situation the Kings might be stuck with.
Jun 29, 2015, 3:53 PM EDT
Jun 29, 2015, 3:25 PM EDT
Processing Monday’s surprising termination.
Jun 29, 2015, 2:45 PM EDT
Could make about a $15 million difference …
Jun 29, 2015, 2:05 PM EDT
The 24-year-old’s three-year, $2.7 million deal is set to expire on Wednesday.
Jun 29, 2015, 2:00 PM EDT
If accurate, that’s $10.4M between Niemi and Kari Lehtonen.
Jun 29, 2015, 1:40 PM EDT
The 24-year-old was a pending restricted free agent.
Jun 29, 2015, 1:27 PM EDT
Get your dog puns ready.
Jun 29, 2015, 1:08 PM EDT
He should draw plenty of free agent interest.
Jun 29, 2015, 12:40 PM EDT
Both players can be bought out on Tuesday, if they clear.
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