Jan 10, 2014, 9:56 AM EDT
The Florida Panthers entered the season with a new owner in Vincent Viola, but they haven’t left their financial troubles behind.
The team’s attendance has been lackluster and Panthers president Michael Yormark has stated that the team’s lost $20 million to $30 million annually. With that in mind, the Panthers feel it’s important to change their contract with Broward county in several significant ways, according to the South Florida Sun-Sentinel.
Among other things, they want the $4.5 million they’re paying annually for the BB&T Center construction debt to be picked up by the county on top of the $8 million per year Broward is already contributing.
Yormark argued that the tourism tax the county originally created to cover its portion of the bill is bringing in more than expected, so that’s where he feels the money would come from. Meanwhile County Administrator Bertha Henry warned this could have “very significant implications” while County Auditor Evan Lukic still isn’t sold on the idea that this would help Broward.
Another major item on the Panthers’ agenda would be to swap the rights for some of the land surrounding the BB&T Center as part of a maneuver to build a casino-hotel, provided that the state passes new laws permitting it over the spring.
It’s also worth noting that the Panthers are prepared to make a commitment to maintain a payroll that would be competitive with the rest of the league. Presently, the team has the most cap space in the league, according to Cap Geek.
Meanwhile, Florida earned a 2-1 victory over Buffalo on Thursday in a battle between two of the league’s worst teams.
- Gettin’ paid: Gardiner inks five-year, $20.25M extension with Leafs 8
- Report: Trottier to join Sabres’ coaching staff 8
- Blues sign former eighth overall pick Mueller 25
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center 40
- Eric Staal has surgery to repair ‘core muscle injury’ 6
- After not seeing ‘eye-to-eye’ with Carlyle, Reimer will compete for No. 1 gig 16
- Two down, one to go: Wings ink Tatar to three-year, $8.25M deal 12
- Cashing in: Rangers sign Brassard to five-year, $25 million deal 63
- Subban not eager to discuss contract talks 34
- Leafs re-sign Reimer — two years, $4.6 million 22
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (63)
- Avs and O’Reilly agree on two-year deal, but questions remain (45)
- New Caps regime plans to keep Ovechkin at RW (for now) (42)
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center (40)
- Rangers and Kreider avoid arbitration, agree on two-year deal (39)