Stars Received Advance on TV/Revenue Sharing Money?
Up to six NHL teams, reports the Globe and Mail, may have already received an advance on tv money and revenue sharing that is not normally distributed until September or October.
David Shoalts at the Globe and Mail named the Stars as a likely recipient, and cited a blog at Sportsnet.ca by John Shannon as the impetus for his column:
Word is the needy half-dozen are the Dallas Stars, Atlanta Thrashers, Phoenix Coyotes, Florida Panthers, New York Islanders and (maybe) the Tampa Bay Lightning. The Stars are not normally found in this group but the team’s on-ice woes combined with the financial problems of owner Tom Hicks mean there are no checks coming from him to cover any losses.
It's hardly surprising, if true, given what we know about Hicks Sports Group's busy, busy 2010. The troublesome part is that it's starting to conjure memories of last summer when the Texas Rangers were supposedly unable to properly tend to the grass in their outfield because the budget for that kind of work had run out... (Though as Ludwig's Mullet pointed out in the comments, this may have just been a seed/weather issue and those stories were exaggerations. Still...)
Then came word in July that Major League Baseball had loaned as much as $15 million to the Rangers to help, and later it was found out that was possibly the first of many such payments until a buyer could be found for the team.
Things with the Stars have certainly not deteriorated that far. Yet. The important thing to remember about this supposed "advance"...
Is that it's just that: An advance.
An advance on money they were going to eventually get anyway, and it's a common occurrence in the NHL for at least one or two teams to want that money sooner rather than later. They still haven't reached Texas Rangers proportions of the league just loaning money willy-nilly to help cover losses; A place the New York Islanders may soon find themselves if that Globe and Mail column is to be believed.
Still, it's troublesome to see the Stars on that list with those kinds of franchises. 9 out of 10 times in life, if you see someone asking for an advance on their paycheck, it's not going to end well.
Pretty soon they'll be asking us to clean up our own trash on the way out of the AAC, and calling the visiting teams to ask "Hey, can you guys bring the game pucks? and any spare rolls of tape you might have lying around?"
I kid.
For some good news, see NHL.com for a cool piece on Stars prospect Mathieu Tousignant.
9 comments
|
0 recs |
Do you like this story?
Comments
Cringe worthy
Like you said Brad, this isn’t something to be overly alarmed over and hell we should have expected it… But to be in that group of teams? (No offense to fans of those other teams of course) … Yikes!
Defending Big D: A Dallas Stars blog on SBN: easy to use, free to join.
StarsScene.com: A general sports opinion blog that's just easy and free.
@StarsScene: Offending fans of other teams one tweet at a time!
$45m
Just get used to the fact that the Stars are going to be rolling with a $45m budget next offseason. I predict the major signings this offseason are the Wyowitka types – not the stud D man that is needed.
DFW sports is depressing right now.
At least we've got FC Dallas? Anyone? Bueller?
"It would've been a huge momentum boost if we had beaten the St. Mary's School for the Blessed, Blind, Deaf and Dumb."
Hockey nut since the night of 5/2/08. What a night it was.
DefendingBigD
not sure about the rangers grass?
where did you verify the story on the Rangers grass situation last season?
i’m pretty sure that wasnt the case, from what i understood it was due to them using a new grass seed and it didnt take hold due to do the weather/climate or conditions.
dont get me wrong, the Rangers were/are in bad, bad shape financially. i think some other stories did indeed pop-up like employee cuts, budget cuts, couldnt pay bills, etc.
To be honest, I didn't
I just remember that was the word on The Ticket. I remember them talking about it several times.
I could definitely be wrong.
by Brad Gardner on Apr 27, 2010 2:28 PM CDT up reply actions
I changed the post a little about the grass.
Because we love you.
by Brad Gardner on Apr 27, 2010 2:35 PM CDT up reply actions
Things just keep getting better and better….Rrrrrrrrrrrrr :(
If we dont sign Richards, no D-Man, and Mike and Jere are gone….I might be done too
I have been a Stars fan for along time. I grew up in Minnesota, but what will even make it interesting to watch if we are going to be in this major funk for the better part of a few years….this is just painful. Oh, to long for the late 90’s again….:(




























