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Category: New-York-Islanders

John Tavares Trending Up

from Chris Johnston of Sportsnet,

Not only was it the first extended layoff he’d experienced during a five-year pro career, but it’s also the longest he’s ever gone between games since taking up the sport. Seven months is an agonizing absence for a rink rat. And with NHL training camps set to open this week, there might not be another player in the league more excited to get back to work than Tavares.

“Oh I’m ready,” he said.

There is certainly reason for optimism on Long Island, where the acquisition of goalies Jaroslav Halak and Chad Johnson should make an instant impact on a team that was dead last in save percentage last season. Adding forwards Mikhail Grabovski and Nikolai Kulemin will provide some much-needed depth up front.

This could also be the year that Tavares challenges for the NHL’s scoring title.

A lot of signs have him trending in that direction. He is already among the league’s elite offensive players after producing the fifth-best points per game average over the last three seasons — trailing only Sidney Crosby, Evgeni Malkin, Steven Stamkos and Claude Giroux. Tavares is the youngest member of that group and should just be entering his offensive prime with his 24th birthday coming on Saturday.

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  Tags: john+tavares

Report- Minnesota Wild Minority Owner May Jump Ship To Join The New York Islanders Group

from Josh Kosman of the New York Post,

Minnesota Wild co-owner Phil Falcone might quit his hockey-crazed home state to make a play for the New York Islanders, The Post has learned.

The beleaguered hedge fund mogul and former Harvard hockey player has been mulling selling his minority ownership in the Wild with the goal of becoming an eventual owner of the Islanders, sources said.

If that happens, Falcone would invest in the Islanders alongside friend and fellow Harvard alum Jon Ledecky, who last month led an investor group that purchased a “substantial” minority stake in the NHL franchise, sources said.

“[Falcone] is thinking about it,” said a source familiar with the situation.

continued

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  Tags: phil+falcone

John Tavares On The Upcoming Season

from Brett Crygalis of the New York Post,

“I think obviously goaltending was a big thing,” Tavares told The Post on Tuesday at an NHL event at a Newark High School, his team having signed starter Jaroslav Halak to a four-year, $18 million deal, and added established backup Chad Johnson on a two-year, $2.6 million deal.

“To have those two guys set and to know that our goaltending situation is settled there,” Tavares said, “it’s really the first time it’s been like that since I’ve been here.”

If that wasn’t enough to make Tavares happy, general manager Garth Snow also added some talent up front to skate alongside him, inking the former dynamic duo from the Maple Leafs in Mikhail Grabovski and Nikolai Kulemin, both to four-year deals worth a combined $36.75 million.

“They obviously played really well together,” Tavares said, noting that in the 2010-11 season, while playing on the same line in Toronto, they scored 29 and 30 goals, respectively.  “They know each other well, and they have good chemistry.”

read on

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  Tags: john+tavares

John Tonelli On The New York Islanders

from Katie Strang of ESPN,

Tonelli, who won four Stanley Cup championships with the Islanders, thinks the addition of Jaroslav Halak and backup netminder Chad Johnson could be huge for the Isles this season as they try to make it back to the playoffs after a disappointing 26th place finish last year.

“I think they made a great move getting some goaltending help. It’s tough for one guy to carry the load and it always helps when you bring in another guy,” said Tonelli, who played in front of the legendary Billy Smith during the Isles’ dynasty days. “Goaltending seems to be the key ... it starts from there, taking care of your own end.”

And dynamic young center John Tavares gives the Islanders an electrifying element.

“He’s just such a pleasure to watch,” Tonelli said. “You know, he’s exciting to watch and he wants to lead by example. He wants to be there. He wants to see the Islanders become a great team. As a former player for the Islanders organization, that’s what it’s all about. We all want it to be there. We all wanted to be part of a great team. I see that in [Tavares].” 

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New Islanders Owners Can Focus On Hockey

from Mark Herrmann of Newsday,

The popular response yesterday was somewhere between "Yippeeee!" and "Here we go again." Islanders fans were ecstatic to hear that finally there was hope because the team will change hands. They are also realistic enough to know they felt exactly the same way when Charles Wang bought the team 14 years ago.

On these very pages back then, one fan was quoted as saying, "What does this mean? Hope." Another said, "Things can only get better."

We all should be wary, but for the life of us, people here can't help feeling that way again. Yes, yes, we remember the "Gang of Four" and "the Millstones" and the incomparable John Spano. Wang was supposed to make us forget all of them. Sometimes, he made us wish we had them back.

Fact is, it just has not worked out. It has not worked out for Wang, what with reported losses of $20 million a year. And it sure has not worked out for the team, with its embarrassing streak of not having won a playoff series since 1993. They have flirted with the worst fate a pro team can have: appearing irrelevant in its own market.

Things can only get better. For once, they just might.

The one huge reason is that this time, the buyers know they are getting only a hockey team and not a real estate bonanza.

continued

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New York Islanders Announce Group Has Purchased A Minority Interest In The Team

UNIONDALE, NY (August 19, 2014) – The New York Islanders announced today that a group led by former Washington Capitals co-owner Jon Ledecky and London based investor Scott Malkin has reached a definitive agreement, subject to NHL approval, to purchase a substantial minority interest in the team. Under the terms of the agreement, Charles Wang will continue as majority shareholder and Governor of the Islanders, with the Ledecky/Malkin group transitioning to majority owner in two years.

“We are pleased to have the opportunity to become partners in the New York Islanders with Charles, and to pursue our shared dream of winning a fifth Stanley Cup for the greatest fans in the NHL,” Mr. Ledecky said.

“I’m thrilled that Jon and Scott have agreed to join me as we start the Islanders’ final year at Nassau Veterans Memorial Coliseum,” Mr. Wang said. “I look forward to a long and successful partnership.”

There will be no further comment until the NHL completes its franchise ownership transfer process.

 

added 1:49pm, from Arthur Staple of Newsday,

Charles Wang has agreed to sell a minority stake in the Islanders to Jonathan Ledecky, a former co-owner of the Capitals, and investor Scott Malkin, according to a high-ranking NHL source. Ledecky and Malkin will assume majority control of the team in two years.

continued

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Report- Charles Wang Reaches Agreement To Sell The New York Islanders

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Josh Ho-Sang Upset With No Invite From Hockey Canada

from Dave McCarthy of TSN,

After a solid debut season in the Ontario Hockey League as a 16-year-old with the Windsor Spitfires, finishing fourth on the team with 44 points, Ho-Sang followed it up this past year by leading his team in points (85) and assists (53) while tying for the lead in goals (32). But despite a quick and productive start to his OHL career, Ho-Sang was overlooked for Team Canada's Under 18 team in the spring, was not included on the 2013 U18 team to play at the Ivan Hlinka Tournament and was not invited to Team Canada's World Junior summer development camp roster this year.

He asks, why?

"The fact that I haven't been invited to a camp, it's insulting," Ho-Sang said frankly. "I've done nothing to them (Hockey Canada). It's not like they invited me to U17 and U18 and I messed up at all that stuff. I haven't been invited back since my first year in the OHL in December. It's been a year and a half; I haven't been a part of any Hockey Canada stuff."

But he has a philosophy as to why invites have not been coming his way.

"They can't invite me to that stuff because they're afraid," he said. "If I go there and do well, then they have no reason not to put me on the World Junior team." Asked directly why Hockey Canada wouldn't want him on that team, Ho-Sang, looking puzzled, responded, "I don't know."

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  Tags: josh+ho-sang

It’s Time For Charles Wang To Sell The New York Islanders

from Richard Sandomir of the New York Times,

Wang knew little about hockey and made some bizarre decisions, including elevating Garth Snow, a backup goaltender, to general manager, according to Mike Milbury, a former general manager, and wanting to get rid of the team’s scouts. Milbury recalled two years ago that Wang had wanted to try out sumo wrestlers in the crease.

Wang inherited a losing team, and experienced some improvement, but he still has a losing team.

That Wang still owns the team is surprising. He banked on the Islanders’ being in a new or refurbished arena long ago, but no matter what the plan, it never worked out.

He did not move the team to possible getaway cities like Kansas City, Mo.; Quebec City; Hamilton, Ontario; or Seattle. Maybe he should have picked one and made some of his money back.

In 2003, he let me read documents that pegged the team’s losses in his first three years of ownership at $52.2 million. “It’s uncomfortable to lose money having worked so hard to make it,” Wang said at the time. “I’m investing, in one sense. The team has to be self-sustaining. This is not a church that will stay open forever.”

But it has. By 2009, Wang told Newsday that his losses had climbed to $209 million. The total is probably close to $300 million by now.

Patience has only brought Wang fiscal grief. It’s time for a new owner to try to lose less money.

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  Tags: charles+wang

Lawsuit Filed Against Charles Wang For Not Selling The Islanders

from Barbara Ross of the New York Daily News,

New York Islanders owner Charles Wang was clocked with a $10 million lawsuit Monday by suitor Andrew Barroway for backing out of their deal to make a trade for $420 million.

In papers filed in Manhattan Supreme Court, Barroway’s corporation, NY ICE claims the parties “shook their hands on an agreement” and NY Ice started to line up NHL approval and financing.

However, Wang “without notice, abruptly refused to proceed to close the transaction and honor the terms of their 70-page purchase agreement but instead “improperly sought to renegotiate the already agreed upon price” in March.

In midsummer, according to court papers, Wang demanded $548 million for the team. When Barroway refused, Wang notified him on Aug. 1 that he had sold the team to other bidders.

continued

Filed in: NHL Teams, New York Islanders, | KK Hockey | Permalink
  Tags: charles+wang

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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.

Email Paul anytime at pk@kuklaskorner.com

 

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