Aug 23, 2013, 10:29 PM EDT
In June of 2012, the New Jersey Devils were only two wins away from winning the Stanley Cup.
In August of 2013, amid financial turmoil, the Devils were sold to a group headed by Josh Harris, also the principal owner of the Philadelphia 76ers in the NBA.
The financial stability of the franchise had been in question for a while, with the team’s former owner Jeff Vanderbeek having to restructure the organization’s debt of roughly $78 million.
Vanderbeek had gained sole ownership of the Devils, according to reports that surfaced in January, prior to the agreement of a collective bargaining agreement between the league’s owners and the NHL Players’ Association.
The struggles continues as recently as June, when a report came out that the Devils were at risk of defaulting on loan.
Naturally, the NHL was quick to say that the team’s future in Newark was not in question.
“Despite recent reports to the contrary, which are inaccurate, we are not concerned about the Devils’ future, or the franchise’s ability to achieve long-term success in Newark,” NHL deputy commissioner Bill Daly wrote in an email to The Record.
But enough about the past. The purchase of the Devils by the Harris group could now give the franchise some financial stability moving forward.
The Devils, with three Stanley Cup championships, will now try to turn their attention to building a winning hockey club again, this time under now ownership.
“Everyone wants to win but not everyone knows how,” Devils general manager Lou Lamoriello told reporters during a press conference on Aug. 15, when the sale was made official.
“They’re creative, they’re intuitive and they want to get an edge in every way they can.”
Aug 27, 2014, 8:00 AM EDT
They have made it to the playoffs for 23 straight seasons.
Aug 26, 2014, 10:51 PM EDT
He’s the former face of the franchise.
Aug 26, 2014, 9:57 PM EDT
A recent report has added new fuel to the speculation on that subject.
Aug 26, 2014, 8:30 PM EDT
Dupuis and Hornqvist are two of the main options.
Aug 26, 2014, 7:23 PM EDT
Will they go another season without one?
Aug 26, 2014, 6:11 PM EDT
He’s going into the final season of his bridge contract.
Aug 26, 2014, 5:05 PM EDT
He’s looking to build off of his breakout campaign.
Aug 26, 2014, 3:56 PM EDT
The restricted free agent is likely to get a one or two-year deal.
Aug 26, 2014, 2:49 PM EDT
Injuries prevented him from doing much in the first season of his seven-year, $37.1 million deal.
Aug 26, 2014, 1:44 PM EDT
He could follow in Boone Jenner’s footsteps.
Aug 26, 2014, 12:38 PM EDT
“I have to do a little bit better job managing him and he’s got to buy into the team.”
Aug 26, 2014, 12:10 PM EDT
But per Bertuzzi’s lawyer, the settlement has been agreed upon.
Aug 26, 2014, 11:44 AM EDT
Will he be signed by training camp?
Aug 26, 2014, 10:54 AM EDT
Player agent has a bit of history with his clients missing camp.
Aug 26, 2014, 10:02 AM EDT
Can they live up to the heightened expectations?
Aug 26, 2014, 9:00 AM EDT
Rutherford thinks highly of the goaltender though.
Aug 26, 2014, 8:00 AM EDT
They earned their first playoff win in 2014.
Aug 25, 2014, 10:57 PM EDT
He doesn’t want to move his family at this time.
Aug 25, 2014, 9:46 PM EDT
But will there be resistance within the organization?
Aug 25, 2014, 8:41 PM EDT
It’s heavily inspired by the Blues’ look from 1998-2007.
- It’s Detroit Red Wings day on PHT 0
- Under Pressure: Nathan Horton 8
- Will Johansen be the latest Overhardt holdout? 23
- It’s Columbus Blue Jackets day on PHT 15
- Shanahan tasked with ending years of collapses 9
- Looking to make the leap: Peter Holland 1
- Under Pressure: Randy Carlyle 5
- Tandem locked: Sens re-sign Anderson to three-year, $12.6M deal 9
- It’s Toronto Maple Leafs day on PHT 10
- Fanspeak: Maurice Richard named greatest player in Canadiens history 15