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Category: St-Louis-Blues

Blues Get A Loan Extension Allowing Team To Continue Buyer Search

from Josh Kosman of the NY Post,

St. Louis Blues owner David Checketts said he will get an extension from lenders today on a $120 million loan, buying him more time to find a buyer for the hockey team.

“We have a direct agreement with the banks that gives us time to sell the franchise,” Checketts told The Post yesterday in an interview.

The money-losing Blues on June 30 missed the $120 million principal payment on their Citigroup-led loan.

The loan extension will give him more than 60 days to finish an orderly sale of the team, Checketts said. If he fails to find a buyer, the lenders will retain the right to put the team in default, he said.

continued

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
 

Blues Sign Cheechoo, 1 Year

ST. LOUIS – St. Louis Blues Executive Vice President and General Manager Doug Armstrong announced today the club has signed forward Jonathan Cheechoo to a one-year contract.

Cheechoo, 30, spent last season with the American Hockey League’s (AHL) Worcester Sharks tallying 47 points (18 goals, 29 assists) in 55 games.  The 6’1”, 200-pound forward has also appeared in 501 National Hockey League (NHL) games over seven seasons between the San Jose Sharks and Ottawa Senators compiling 305 points (170 goals, 135 assists) along with 324 penalty minutes.

The Moose Factory, Ontario native was originally drafted by San Jose in the second round, 29th overall, of the 1998 NHL Entry Draft.

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
  Tags: jonathan+cheechoo

The Financial Health Of A Few Teams

from David Shoalts of the Globe and Mail,

Just when it looked like another headache-filled summer for Gary Bettman, along came a little relief in the form of Matthew Hulsizer.

The Chicago businessman is taking a run at the St. Louis Blues in the wake of his withdrawal from the endless turtle race to buy the Phoenix Coyotes. He recently met Blues chairman Dave Checketts, took a tour of the Scottrade Center and is discussing a price of $165-million to $170-million (all currency U.S.) for a majority share of the team….

Elsewhere, the New York Islanders’ future rests on a vote by Nassau Country taxpayers Aug. 1 to approve a financing plan for a new arena. In simple terms, the proposed deal is to finance the arena with a bond offering that will have a debt load of $26-million a year. Islanders owner Charles Wang will cover $14-million of that and also hand over 11.5 per cent of the revenue from all events at the new rink.

more including some Phoenix and Florida talk…

Filed in: NHL Teams, New York Islanders, St. Louis Blues, | KK Hockey | Permalink
 

Hulsizer Looking at the Blues

From David Shoalts at the Globe & Mail:

Matthew Hulsizer is taking a serious look at buying the St. Louis Blues.

The Chicago businessman, who withdrew his offer to buy the Phoenix Coyotes last month when he tired of dealing with the political leaders in suburban Glendale, recently toured the Scottrade Center in St. Louis with Blues chairman and minority owner Dave Checketts.

A source familiar with the Blues situation said Hulsizer is discussing a price in the range of $165-million to $170-million (all currency U.S.) with Checketts. The Blues chairman said earlier this week he was given an extension on a $120-million loan with Citigroup Inc., that would give him more time to sell the team.

continued…

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
  Tags: dave+checketts, matthew+hulsizer

Feeling Good In St. Louis

from Jeff Gordon of the St. Louis Post-Dispatch,

Blues general manager Doug Armstrong waited out the free-agent frenzy and added character, grit, Stanley Cup experience and some size to his forward lines.

Blues fans should feel good about these latest moves. Let’s break them down:

Jason Arnott: The big (6-foot-3, 220 pounds) center/winger can still score, as he demonstrated last season while tallying 17 goals for the Devils and Capitals. He waived his no-trade protection last season to move from New Jersey to Washington to take a run at another Stanley Cup….

Jamie Langenbrunner: He turns 36 this month. He scored just nine goals last season for the Devils and Stars. But scored 130 points from 2008-10 in New Jersey and also brings a Stanley Cup pedigree (Stars 1999, Devils 2003)....

Scott Nichol: This career pest has never scored more than 10 goals in the season, but he hasn’t stuck for 552 games because of his scoring touch. The man gets after people, as his 808 career penalty minutes attest….

more on each player…

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
 

Report- Blues Sign Langenbrunner & Arnott

via Lou Korac tweet,

The Blues have signed Jamie Langenbrunner & Jason Arnott to one-year contracts. Team will announce shortly.

via Jeremy Rutherford tweet,

According to NHL sources, the Blues have signed Jamie Langenbrunner and Jason Arnott each to one-year deals. To be announced soon.

Update 3:32pm ET: St. Louis press release on Arnott—

St. Louis Blues Executive Vice President and General Manager Doug Armstrong announced today the club has signed forward Jason Arnott to a one-year contract.

“Jason is a veteran forward and a Stanley Cup Champion who will be a valuable addition to our club,” said Armstrong.  “He’s a proven leader and we are excited that he has decided to wear the Bluenote.”

Continue Reading »

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
  Tags: jamie+langenbrunner, jason+arnott

Scott Nichol Signs With Blues

ST. LOUIS – St. Louis Blues Executive Vice President and General Manager Doug Armstrong announced today the club has signed forward Scott Nichol to a one-year, one-way contract. 

“Scott is an experienced, honest player and an excellent face off guy,” said Armstrong.  “He will provide a positive veteran presence to compliment our current group.”

Nichol, 36, spent this past season with the San Jose Sharks dressing in 56 games and tallying seven points (four goals, three assists) to go along with 50 penalty minutes.  The 5’9”, 180-pound forward is a veteran of 11 National Hockey League (NHL) seasons including stints with Buffalo, Calgary, Chicago, Nashville and San Jose where he has spent the past two years accumulating 30 games of playoff experience.  In 552 career regular season games, Nichol has recorded 118 points (52 goals, 66 assists) as well as 808 penalty minutes

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
  Tags: scott+nichol

D’Agostini Signs 2 Year Deal with St. Louis

ST. LOUIS – St. Louis Blues Executive Vice President and General Manager Doug Armstrong announced today the club has re-signed forward Matt D’Agostini to a two-year contract.

“Matt had a solid year for us last season,” said Armstrong.  “We look forward to his continued growth as a Blue and in this league.”

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
 

Blues Sign Oshie For One Year

ST. LOUIS – St. Louis Blues Executive Vice President and General Manager Doug Armstrong announced today the club has re-signed forward T.J. Oshie to a one-year contract. 

“We’re excited to have T.J. in the fold for another season,” said Armstrong.  “His energy and versatility make him an integral part of our club.”

Oshie, 24, dressed in 49 games for the Blues this past season recording 34 points including 12 goals, 22 assists and a +10 rating.  The 5’11”, 195-pound forward posted a career-high seven-game point streak from Oct. 11 to Oct. 28 (one goal, eight assists) and also led the club in shootout shooting percentage converting on four of his five attempts (80%) for the year.  Oshie has played in 182 career National Hockey League (NHL) games over three seasons with the Blues, amassing 121 points including 44 goals and 77 assists.

multiple reports say $2.35M

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
  Tags: t.j.+oshie

What The Blues Can Do

from Jeremy Rutherford of the St. Louis Post-Dispatch,

With potentially $46 million penciled in, the Blues would have to spend at least $2 million to reach the $48.3 million floor. It’s believed that their budget is above that mark, but well below next year’s $64.3 million salary cap.

“We’re looking to improve our team, but in a fashion that’s responsible to the organization,” Armstrong said. “We’ll have the flexibility to add players, but we have to be cautious. We’ll start with the group that’s on our list.”

Forwards who could be on the Blues’ list include Colorado’s Thomas Fleischmann, Carolina’s Chad LaRose, Nashville’s Joel Ward, Vancouver’s Chris Higgins, Minnesota’s Andrew Brunette and Dallas’ Jamie Langenbrunner….

Asked if he believed the ‘complementary’ players available in free agency could fit in the Blues’ budget, Armstrong said: “Time will tell. There’s value to every player in my mind. We have to stay inside that value, or (if that’s not possible) look at trades.”

more

 

Filed in: NHL Teams, St. Louis Blues, | KK Hockey | Permalink
 

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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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