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The Latest Financial Scenario For The Devils

from Josh Kosman and Mark Everson of the New York Post,

The National Hockey League is in talks with the money-losing New Jersey Devils to advance the team money so it can continue to operate through the season, The Post has learned.

Under the NHL plan, Devils controlling owner Jeffery Vanderbeek would continue to run the team while he pursues a long-term financing solution, sources said.

“We can presume if the advance has not happened, it is going to happen soon,” a source close to the team said.

The Devils, which need to meet payroll twice a month until the regular season ends April 7, are weighing trading team captain Zach Parise for draft picks.

Parise makes $6 million and his contract expires at the end of the year, a source said.

A Devils Arena Entertainment spokesman said, “We are not prepared to make any further comment.”

An NHL spokesman called a report that the league was considering funding the Devils “inaccurate,” but declined to elaborate.

continued

Zach Parise talks too, also from Mark Everson of the New York Post.

Filed in: NHL Teams, New Jersey Devils, | 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