Charles Wang sells Islanders, retains majority stake for two-year transition

Rory Boylen
Charles Wang

The New York Islanders have picked up Malkin!

Or more accurately, Malkin has picked up the Islanders.

The New York Islanders have announced a new ownership structure for the team, after former Washington Capitals co-owner Jonathan Ledecky and London-based investor Scott Malkin purchased a “substantial” minority interest in the team.

From the Islanders:

Under the terms of the agreement, Charles Wang will continue as majority shareholder and Governor of the Islanders, with the Ledecky/Malkin group transitioning to majority owner in two years. Read more

Dragons’ Den entrepreneur Arlene Dickinson joins up with Canadian Women’s Hockey League

Adam Proteau
Arlene Dickinson

The planet’s only professional hockey league for women got a notable boost Wednesday when the Canadian Women’s Hockey League added Arlene Dickinson – wildly successful businesswoman, author, philanthropist, and TV personality on CBC’s Dragons’ Den reality investment show – to its board of directors.

Since its inception in 2007, the five-team CWHL has been making slow-but-steady inroads in the business community, but the presence on the board (which also includes Calgary Flames president of hockey operations Brian Burke, CBC analyst Cassie Campbell-Pascal and Trina Crosby, mother of Sidney Crosby) of Dickinson, a savvy venture capitalist and master marketer, can only accelerate that process. Anyone who’s seen her operate on Dragon’s Den has seen a thoughtful woman well-connected to the world around her and someone passionate about more than just making a buck.

Considering the CWHL is still not close to paying its players a livable salary, there’s no way Dickinson is working with the league because its teams are about to turn a profit. She’s in it because it’s an organization that empowers women, and she’s aiming to ensure it prospers. Read more

Gary Bettman got a raise after the lockout and it’s not shocking

Ryan Kennedy
Gary-Bettman

While GMs and fans obsess over how much money they can afford to give P.K. Subban or Ryan Johansen, it seems as though the owners have no problem giving commissioner Gary Bettman a pay bump, no matter the circumstance.

According to Chris Botta of SportsBusiness Journal, Bettman was paid $8.8 million in salary and benefits for the 2012-13 season, despite the fact the campaign was truncated by a lockout. As Sean Leahy of Puck Daddy noted, that was an increase in benefits from the 2011-12 fiscal year when Bettman made $8.3 million.

The immediate reaction in the blogosphere to this news was one of mirth: Is Bettman really worth more than Steven Stamkos or Drew Doughty? This will be an unpopular sentiment, but yeah, he is…to the owners.

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Another former NHLer sues league over concussion-related issues

Adam Proteau
Jon Rohloff

In less than a year, there have been three concussion-related class-action lawsuits launched against hockey’s top league by former NHL players. In the previous two lawsuits launched against the NHL (one in November of 2013, and another in April of this year) the plaintiffs were groups of retired players. But in the newest suit – which was revealed Wednesday – there’s only one ex-player involved: former Boston Bruins defenseman Jon Rohloff.

Rohloff’s lawsuit, filed Tuesday in a Minnesota court, alleges he suffered “multiple head traumas during his NHL career that were improperly diagnosed and treated by the NHL.” Rohloff further alleges he was never warned of negative health effects of head trauma, and that the NHL has known about a scientific link “between sub-concussive blows and brain trauma” for 85 years.

There is no word as to an amount of money Rohloff is seeking in the suit. But Rohloff is speaking out with a message that goes against the long-held notion NHLers “know what they’re getting into” when they choose to play what can be a vicious game:

“Former NHL players are uniting to send one resounding message: they signed up to play hockey knowing that they might get injured and dinged, but they did not sign up for brain damage.” Read more

New York Rangers are on the right path with Zuccarello

Ryan Kennedy
Mason-Zuccarello

Avoiding arbitration, the New York Rangers and leading scorer Mats Zuccarello agreed on a one-year pact Tuesday that will pay the 5-foot-7 winger $3.5 million for the 2014-15 campaign.

According to New York Post scribe Larry Brooks, the two sides continue to work on a long-term deal for the Norwegian national and that’s great news for Rangers fans.

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