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.
Jul 28, 2014, 9:00 AM EDT
They’ll be dancing close to the upper limit all year.
Jul 28, 2014, 8:00 AM EDT
That and the rest of the links to start your day.
Jul 27, 2014, 9:30 PM EDT
He last played in 2001 with the Edmonton Oilers.
Jul 27, 2014, 8:05 PM EDT
He’s played four full seasons there already.
Jul 27, 2014, 6:45 PM EDT
He has a few guys that can help make it happen there.
Jul 27, 2014, 5:20 PM EDT
He was their final restricted free agent.
Jul 27, 2014, 3:54 PM EDT
He emerged as the team’s No. 2 center last season.
Jul 27, 2014, 2:50 PM EDT
That adds another layer to the Flames’ goaltending competition.
Jul 27, 2014, 1:31 PM EDT
He has played in 132 NHL games.
Jul 27, 2014, 12:20 PM EDT
It led to him having a minor procedure.
Jul 27, 2014, 11:11 AM EDT
He’ll enter training camp with a shot of making the team.
Jul 27, 2014, 10:06 AM EDT
“I can be a lot better.”
Jul 27, 2014, 8:55 AM EDT
He’s the last RFA left for them to re-sign.
Jul 26, 2014, 11:00 PM EDT
We’ve hit that part of free agency.
Jul 26, 2014, 9:57 PM EDT
They’re both eligible to become free agents next summer.
Jul 26, 2014, 8:20 PM EDT
They had the league’s third-worst unit last season.
Jul 26, 2014, 6:50 PM EDT
He’s scheduled for arbitration on Friday.
Jul 26, 2014, 5:50 PM EDT
It’ll be his third team in the past year.
Jul 26, 2014, 4:36 PM EDT
He was injured during World Championships in May.
Jul 26, 2014, 3:15 PM EDT
Reggie vs. Gustl: who you got?
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