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 13, 2014, 12:19 PM EDT
But Wild GM Chuck Fletcher cautioned that it would be harder to figure out the numbers for a longer-term deal.
Jul 13, 2014, 11:11 AM EDT
He was taken with the third overall pick in the 2013 NHL Entry Draft.
Jul 13, 2014, 10:05 AM EDT
The goal is for him to make a full recovery before the start of training camp.
Jul 13, 2014, 9:00 AM EDT
He’s likely to be the AHL affiliate’s No. 1 goalie.
Jul 13, 2014, 8:00 AM EDT
Sunday’s slew of stories.
Jul 12, 2014, 10:05 PM EDT
Taking the scenic route to development.
Jul 12, 2014, 9:15 PM EDT
One columnist lays out the sticky situation.
Jul 12, 2014, 8:11 PM EDT
He’s recovering from offseason wrist surgery.
Jul 12, 2014, 7:11 PM EDT
He was part of the Jarome Iginla trade.
Jul 12, 2014, 6:00 PM EDT
He bought the team back in 1999.
Jul 12, 2014, 4:40 PM EDT
The 2012 first-rounder excelled at the junior level last season.
Jul 12, 2014, 3:20 PM EDT
He’s been watching Washington for a while now.
Jul 12, 2014, 2:42 PM EDT
He might start the 2014-15 campaign with the Sabres.
Jul 12, 2014, 1:23 PM EDT
He wants to return to the NHL.
Jul 12, 2014, 12:14 PM EDT
The two share an agent.
Jul 12, 2014, 11:10 AM EDT
The Flyers goaltending prospect is set to begin his pro career in 2014-15.
Jul 12, 2014, 10:04 AM EDT
He had a hearing scheduled for July 25.
Jul 12, 2014, 9:01 AM EDT
He lost vision in his right eye.
Jul 12, 2014, 8:00 AM EDT
Peruse Saturday’s set of links.
Jul 11, 2014, 11:23 PM EDT
Two former first-round draft picks.
- With Dubinsky locked up, Jackets next task is re-signing Johansen 6
- Lightning sign Brenden Morrow for one year 30
- Jackets sign Dubinsky through 2020-21 39
- AHL’s new overtime rules include 3-on-3 play 27
- Report: Avs, O’Reilly likely headed to arbitration 71
- Armstrong lays out what Blues offered KHL-bound Sobotka 15
- Blues re-sign Ott; Sobotka to KHL? 35
- Devils ink Schneider to reported seven-year, $42 million deal 62
- Big money: Toews, Kane sign eight-year, $84 million extensions 171
- Jets can’t let Kane situation fester much longer 57
- Big money: Toews, Kane sign eight-year, $84 million extensions (171)
- Report: Avs, O’Reilly likely headed to arbitration (71)
- Boyle wanted Big Apple after playing in ‘nontraditional hockey markets’ of Florida, California (63)
- Devils ink Schneider to reported seven-year, $42 million deal (62)
- Report: Sidney Crosby will undergo wrist surgery (59)