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Yormark out as Panthers president

Mar 3, 2014, 12:14 PM EST

This Oct. 10, 2013 photo shows Florida Panthers president Michael Yormark posing next to the new Panasonic HD scoreboard at the BB&T Center in Sunrise, Fla. The scoreboard was purchased with a $4.2 million grant from Broward County and will be used when the Panthers play the Pittsburgh Penguins at the BB&T Center on Friday. (Photo by Omar Vega/Invision/AP) AP

From the Miami Herald:

After more than a decade of running the organization, team president Michael Yormark is leaving the Florida Panthers.

Sources close to the situation say Rory Babich will take over for Yormark on Monday afternoon.

Yormark is leaving the Panthers to run the business side of Roc Nation — a sports and entertainment agency headed by Jay-Z. Two former Florida employees with close ties to Yormark already left for Roc Nation over the past few weeks.

Tough to say if this move will have any impact on the team’s fortunes. Probably not, at least in a significant way. This coming offseason may though, as new Panthers ownership is apparently prepared to open the purse strings and let general manager Dale Tallon spend all the way to the cap.

Related: How the Panthers make money despite, er, losing money

  1. canucks30 - Mar 3, 2014 at 12:47 PM

    Wait…wait…wait…

    FLORIDA has an NHL team?!??!?

    • valoisvipers - Mar 3, 2014 at 2:22 PM

      No worries, I hear Vancouver wants one too.

      • joey4id - Mar 3, 2014 at 2:45 PM

        😂 Hahahaha! Nice!

    • pfhockey - Mar 3, 2014 at 6:11 PM

      And you call yourself a hockey fan…

  2. pfhockey - Mar 3, 2014 at 6:12 PM

    If Jay-Z buys this team, they’ll stay here forever. lol

  3. greatmiamisportsmind - Mar 3, 2014 at 10:38 PM

    The Panthers aren’t moving anywhere, anytime soon.

    Fact: The Panthers are top 5 in NHL ad revenue.

    Fact: There are over 10,000 season ticket holders, not bad for a team that finished last place last season. That number is sure to rise once the new owners actually spend money in free agency.

    Fact: The Panthers are owned under an umbrella of other ventures, including their home arena, BB&T Center. So, the owners can use any losses under

    • greatmiamisportsmind - Mar 3, 2014 at 10:46 PM

      the Panthers to offset any taxes they’d have to pay in for things such as concerts and any other use for BB&T Center such as the draft next summer. The building itself is a top 5 venue for ticket sales for all shoes in the country.

      Fact: BB&T Center is centrally located between Miami-Dade, Broward, and Palm Beach counties, which had a population of about 12,000,000 people. Fans from Naples/Ft. Myers is an hour drive across alligator alley.

      Fact: Palm Beach county is a top 10 nhl television market. Northerners and retirees make up a large number of that. But these fans also support the panthers and attend games regularly.

      Fact: when the Panthers moved from Miami Arena to the now named BB&T Center, the season ticket number was 15,000 and had to be cut off.

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