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Category: Carolina-Hurricanes

Peter Karmanos On The Sale Process Of The Carolina Hurricanes

via Chip Alexander tweets,

Karmanos says 11 or 12 groups have expressed interest in buying team. He says he's allowing Chuck Greenberg time to put together his group.

Karmanos: "Once (Greenberg) has done that we'll examine whether his offer cuts the mustard." Says he likes Greenberg.

Karmanos says sales price may "shake out" to between $450 million and $500 million. Adds, "If I have to go back, the price is going up."

Karmanos says if he has to wait, the price may rise to $550 million or $600 million, noting if Canes have successful season value increases.

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
 

The Attendance Issues For The Carolina Hurricanes

from Abbie Bennett of the News & Observer,

The Carolina Hurricanes have the second worst home game attendance in all of major league sports.

Financial news website 24/7 Wall St. published a report on “Sports Teams Running Out of Fans” on Monday that showed the Hurricanes have seen a serious dip in home attendance.

Over the last 10 years, attendance at Canes home games dropped 32 percent, with just 64 percent of all seats filled. Average home game attendance for the Canes is 11,776.

The Hurricanes relocated to Raleigh from Hartford, Conn., in 1997 and lackluster performances in recent years appear to be hurting ticket sales, according to the report.

The team often made postseason appearances during its first 10 years in Raleigh and won the Stanley Cup at the end of its 2005-06 season. The following season, home game attendance regularly topped 17,000.

But last season marked the eighth consecutive year that the Canes did not make a playoff appearance and average home game attendance was below 12,000.

continued

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
 

The Latest On ‘The Sale’ Of The Carolina Hurricanes

via Mike Ozanian of Forbes,

Yes, Chuck Greenberg is trying to buy the money-losing NHL franchise. But all Greenberg has right now is a non-binding letter of intent. Moreover, the real price (enterpise value) is nowhere near $500 million (perhaps the $500 million includes future money the potential buyer is promising to put into the team?), according to my sources.

And by the way, Greenberg is not even close to raising the money to buy the Hurricanes. Not even for $400 million.

Perhaps that is why team owner Peter Karmanos Jr. released this statement after the initial report of the sale: "Since an offer has been made to purchase the team," the statement read, according to NHL.com, "Mr. Karmanos intends to evaluate that offer and also will continue to evaluate his other options, including retaining his ownership of the team."

Hey, I wish Karmanos Jr. nothing but the best of luck if he does sell the team. Past losses have pushed up debt to over $200 million. So the team could use some equity. And maybe at some point the Hurricaness do sell for $500 million.

But as of now $500 million is fake news.

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
 

New Owner Will Be Welcomed In Carolina

from Luke DeCock of the News & Observer,

Finally, some hope for the future for Carolina Hurricanes fans – and not only on the ice, where the team’s future is increasingly bright, but in the (frequently unoccupied) owner’s suite as well, where Peter Karmanos is fielding an offer to buy the team.

The news Thursday that there’s a potential deal, reportedly with Chuck Greenberg, who once ran the Texas Rangers, helped save hockey in Pittsburgh and owns minor-league baseball’s Myrtle Beach Pelicans, appears to be the beginning of the end for the Hurricanes’ time in ownership purgatory, an existential malaise that has paralyzed the franchise since Karmanos lost his silent, unshakably loyal partner and his personal finances became increasingly strained.

There are still unanswered questions surrounding the deal – most notably, who is the money behind the bid? Just how ironclad is the purported promise to keep the team in Raleigh? – but any momentum toward change is positive momentum, and it’s easy to be happy about that.

The not knowing has been the worst part.

continued

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
 

The Carolina Hurricanes May Have Found A Buyer

from Sportsnet,

Former Texas Rangers CEO Chuck Greenberg is close to buying the Carolina Hurricanes for approximately $500 million, according to reports.

The team would reportedly stay in Carolina if Greenberg successfully acquires the franchise.

continued

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
 

Carolina Hurricanes Announce Seven-Year Deal For Jaccob Slavin

RALEIGH, NC - Ron Francis, Executive Vice President and General Manager of the National Hockey League's Carolina Hurricanes, today announced that the team has agreed to terms with defenseman Jaccob Slavin on a seven-year contract extension. The contract will begin during the 2018-19 season and carries an average annual value (AAV) of $5.3 million.

"Jaccob is one of the cornerstones of our team moving forward, and it was important to secure him with our organization long term," said Francis. "We believe he is one of the top young defensemen in the NHL today, and are thrilled that he and his wife, Kylie, have made their home in Raleigh."

Slavin, 23, posted career highs in points (34), goals (3), assists (29) and shorthanded points (4) during his first full NHL season in 2016-17. The Erie, CO, native led the Hurricanes in blocked shots (161), takeaways (83), time on ice per game (23:26) and shorthanded time on ice per game (3:07), and was tied for first in plus/minus with a plus-23 rating, the fourth-best plus/minus season in franchise history. Slavin ranked second in the NHL in takeaways, first among league defensemen in shorthanded points and tied for 10th among league blueliners in plus/minus.

Selected by the Hurricanes in the fourth round, 120th overall, in the 2012 NHL Draft, Slavin (6'3", 205 lbs.) has appeared in 145 career NHL games with the Hurricanes, totaling seven goals, 47 assists (54 points) and a plus-24 rating. Prior to turning professional, he spent two seasons at Colorado College of the National Collegiate Hockey Conference (NCHC), totaling 42 points (10g, 32a) in 66 career games. Slavin represented the United States at the 2014 World Junior Championship in Sweden.

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
 

Carolina Hurricanes Acquire Marcus Kruger From The Vegas Golden Knights

RALEIGH, NC - Ron Francis, Executive Vice President and General Manager of the National Hockey League's Carolina Hurricanes, today announced that the team has acquired forward Marcus Kruger from the Vegas Golden Knights in exchange for a fifth-round selection in the 2018 NHL Draft.

"We were determined to bring in experienced players with winning pedigrees and Marcus is another addition who fits that mold," said Francis. "He's a solid, two-way center who has achieved success both in the NHL and internationally."

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
  Tags: marcus+kruger, vegas+golden+knights

Justin Williams Signs With Carolina

RALEIGH, NC - Ron Francis, Executive Vice President and General Manager of the National Hockey League's Carolina Hurricanes, today announced that the team has agreed to terms with right wing Justin Williams on a two-year contract. The deal will pay Williams $5 million during the 2017-18 season, and $4 million during the 2018-19 season.

"We said that we needed goal scoring and veteran leadership, and Justin will bring us both," said Francis. "He believes in what we are doing here and is returning to Raleigh to help the Hurricanes take the next step."

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
  Tags: justin+williams

Carolina Trades Eddie Lack To Calgary

 

 

 

added 9:00pm, Carolina release is below...

Continue Reading »

Filed in: NHL Teams, Calgary Flames, Carolina Hurricanes, | KK Hockey | Permalink
  Tags: eddie+lack

Vegas Trades Trevor van Riemsdyk To Carolina

via TSN,

Less than 24 hours after announcing him as a member of the team, the Vegas Golden Knights have traded Trevor van Riemsdyk to the Carolina Hurricanes, according to TSN's Frank Seravalli.

van Riemsdyk scored five goals and added 11 assists in 58 games this season as a member of the Blackhawks.

More details to follow.

added 12:32pm,

 

 

added 12:39pm, Carolina release is below....

Continue Reading »

Filed in: NHL Teams, Carolina Hurricanes, | KK Hockey | Permalink
  Tags: trevor+van+riemsdyk, vegas+golden+knights

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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