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Looks Like Nashville Is Staying

from Ken Campbell of the Hockey News,

The Nashville Predators won’t be packing their equipment bags for a move to Kansas City or anywhere else, at least not for the next three years.

Multiple sources have confirmed to THN.com a deal has been reached between the city of Nashville and a prospective local ownership group to rework the team’s lease at the Sommet Center that will guarantee the Predators remain in Nashville until at least through the 2010-11 season.

continued

added 3:32pm, from Adam Proteau of the Hockey News,

No more minimum attendance numbers that lock them in for another 10 years. No specific break-even point. Nada. Now, it’s simply a question of whether the team is financially solvent – a vague term to say the least – that decides whether the team stays or goes.

So let me get this straight: Craig Leipold couldn’t make the business side work after a decade’s worth of attempts, but a more convoluted ownership collective is going to be successful in just a third of that span? And at a time in NHL history when the salary cap is expected to rise to above $60 million in the next couple seasons, bringing the salary cap minimum level up with it?

more

Update 11:45pm ET (alanah):

 

From Dave Gross CanWest News,

Mayor Karl Dean rebuked a story posted on the THN website early Wednesday afternoon that indicated a tentative agreement has been reached that would keep the NHL club in Nashville for at least the next three years.

“No deal has been reached,” Dean spokesperson Janel Lacey told the Nashville City Paper.

Metro Council member Charlie Tygard, who is quoted in The Hockey News report, said while the prospects are good, no deal is in place.

“Neither the mayor nor the potential ownership group has signed off on it. The points that I saw (in a preliminary draft) seemed to clear some of the legal hurdles that existed before relating to the bonds and the way the arena (lease) was structured. So I feel we’re headed in the right direction and we’re closer, but until Mayor Karl Dean announces there’s a deal, there’s no deal,” Tygard told CanWest News Service.

“Having said that, I would be surprised that in the next week or 10 days there wasn’t some type of announcement, but that’s just pure speculation on my part,” added Tygard.

Filed in: NHL Teams, Nashville Predators, NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
  Tags: nashville+predators

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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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