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The Bottom Line Question Is Do The Devils Have The Money To Sign Parise?

from Stu Hackel of the Red Light,

The Rangers may be out of Parise’s picture, but 28 other teams will take a hard look, if not a hard run, at securing his name on a contract if they can. “I like the people here. I like the staff and my teammates. I like the area,” Parise said as the Devs cleaned out their lockers on Wednesday. “There’s a lot of good things about this place. I have always liked playing here, that’s never changed. We’ll see where this takes us right now, but this is a great place to play and I love playing here, I love being here.”

It’s the “this” in the “We’ll see where this takes us” that has to concern the Devils Army. And the “this” is the $77 million loan that Devils ownership must repay this summer, as well as the 47 percent share of ownership that one of the Devils partners, Brick City (philanthropist Ray Chambers and his son-in-law, Mike Gilfillan), wants to unload. The problem is that the other partner, Jeff Vanderbeek, has yet to find someone to acquire that 47 percent, money that would go to repaying the debt.

Parise’s deadline comes sooner, however. It’s July 1, the date his contract with the Devils expires and he becomes an unrestricted free agent. He can’t wait around until later this summer to find out if the Devils can raise the money to afford a new pact with him and to continue improving the team.

read on

Filed in: NHL Teams, New Jersey Devils, | KK Hockey | Permalink
  Tags: zach+parise


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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.

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