Yeah maybe the year Kovy left it screwed them out of contending, but in the long term it ****ing saved them big time. That's why it's absolutely hilarious to see Devils fans pissed off that we got out of a ****ing 1 year contract
They were on the hook for what 12 years? 15 years? 6.5 mill hit and they get out of it with 250k a year AND they couldve traded his rights
Not to mention they got their draft picks returned that they were supposed to lose for attempting to cheat with the original deal.
It's almost like they are trolling with the cap they sayin
I'll raise you a step further. NJD was in financial trouble when he was there.
So Kovy netted somewhere around $9M total during his time with Jersey, and when SKA beat that yearly in the lockout alone, and the contracts after... there wasn't a financial incentive for him to come back, even though the deal with Jersey escalated in years 4-5-6 etc.
All in all, it was Lou getting away with it again when it came to actual dollars.
NJ's biggest issue is where the new arena is... it was a stupid move to go there. Real stupid move, the looked at population and not median income, nor did they understand the consumer market when doing the real estate deal.
If they went where the money was, they wouldn't have the issues they do now.
I want to say it's a similar thing with Barclays when it comes to sports, but Barclays kills it when it comes to concerts and exhibits.
Classic case of the real estate developers not getting a proper feel for their audience.
Same issue in ARI. OTT.
EDM had that problem, but they just fixed it... and it's not simply because of McJesus.