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One Final Payment For Mario

from the Pittsburgh Post-Gazette,

The Penguins have settled with the final creditor from their bankruptcy of the late 1990s.

He also happens to be the most celebrated player in franchise history and one of the team’s primary owners.

Mario Lemieux, who was owed $32 million in deferred compensation on the contract in effect when he retired as a player in 1997, will receive $21 million in the wake of a periodic refinancing of the team’s debt earlier this week.

continued

Filed in: NHL Teams, Pittsburgh Penguins, NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
  Tags: mario+lemieux, pittsburgh+penguins

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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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