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3-0 mark with a sparkling 0.43 ERA in the World Series.

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PostPosted: Tue Oct 10, 2017 8:31 am    Post subject: 3-0 mark with a sparkling 0.43 ERA in the World Series. Reply with quote

Peter Karmanos, one of the most venerable team owners in the NHL, is looking for someone to succeed him as owner of the Carolina Hurricanes. Morgan Burnett Jersey . Karmanos has hired New York investment bank Allen & Co. to help him find an investor who would be willing to commit "hundreds of millions of dollars into the team but let me control it," he told TSN. Karmanos said he wants to partner with an investor who would buy out his interest in the team over time. Karmanos said he is seeking an investor who would value his team at $420 million or more. "What I am trying to do is set up a reasonable succession plan because Im not one of those guys who thinks I am going to go on forever," Karmanos said in an interview. "Id like to have a partner again...but someone will have to pay dearly for it. (The Hurricanes are) a valuable franchise despite what some of your folk in Canada say about them. I dont see a basketball or baseball or football team coming here. Were going to be the lone ranger here (in Raleigh) for quite some time." Allen & Co. executive Steve Greenberg declined to comment. Only five NHL owners have owned their teams longer than Karmanos. The 71-year-old, who also owns the Ontario Hockey Leagues Plymouth Whalers, has been an NHL mainstay since 1994, when he and some partners bought the Hartford Whalers for $47.5 million. Three years later, in 1997, Karmanos rejected Connecticuts offer of a new $147 million arena and said the team would leave Hartford for a more profitable market. "I had the bad luck of a governor on the take who tried to convince me to build a new arena," Karmanos said. "He ended up in jail for seven years." In Hartford, Karmanos said the Whalers struggled with the "tiniest, teeniest market in the league, surrounded by Boston and New York franchises. Not only were we competing against the Bruins and the Rangers, but also against the Islanders, Devils, New York Yankees, Giants, you name them. They were all after our little marketplace for advertising dollars and fan revenue. When I understood that I developed a plan for us to move." Initially, Karmanos, who grew up in Detroit, was approached by William Davidson, the late owner of the Detroit Pistons. Davidson suggested Karmanos move the Whalers to the Palace of Auburn Hills, the home of the Detroit Pistons. Red Wings owner Mike Ilitch would have sued him over that move, Karmanos said, so he considered other offers from suitors in Columbus; Nashville, Minneapolis-St. Paul, Las Vegas, and Raleigh-Durham, North Carolina. After two seasons in Greensboro, North Carolina, Karmanos in 1999 moved his team to Raleigh as the Carolina Hurricanes. The Hurricanes reached the Stanley Cup Final in 2002 and won in 2006. Last season, the Hurricanes averaged attendance of 15,483, 23rd in the league. Over the past five years, the team has never finished better than 17th in overall NHL home attendance. Sports investment bankers say the team loses millions of dollars a year, a suggestion Karmanos rejects. "A steady team should be able to make money, assuming they spend at the midpoint of the cap, and that they do their work in their market to sell tickets and advertising," he said. "We have improved in the 20 years I have owned the team. This is a real business. Its not a foregone conclusion that we lose money." Several bankers had mixed reaction to Karmanoss claim that his team is worth at least $420 million. One banker said that it was unlikely he would fetch more than $300 million for the Hurricanes. But another banker noted that New York Islanders owner Charles Wang has reached an agreement to sell the Islanders for perhaps $500 million or more. According to a recent lawsuit filed by Philadelphia lawyer Andrew Barroway, Wang had an agreement to sell the Islanders to Barroway for $420 million. Wang later upped his demand for the Islanders to $548 million. He subsequently sold the club to another group of investors. Sports bankers said Wang got at least $480 million for the team. Forbes magazine values the Islanders at $190 million. "I think the Islanders sale puts to bed anything people want to say about how Forbes values teams," Karmanos said. "Its been frustrating over the years, the different values people throw around for teams." Karmanos also offered some insight into NHL expansion and the leagues efforts to grow its $3 billion-per-season business. He said Las Vegas, Seattle, Houston and Quebec City are all viable markets for the NHL. But Karmanos said he has suspicions that a second team in Toronto would face significant hurdles. "You cant guarantee that youd be a revenue contributor in Toronto," Karmanos said. "History has always shown other teams havent been able to match up even in the biggest media market in North America. Karmanos said that in baseball, New York at one time was home to the Giants, Dodgers and Yankees. But both the Giants and Dodgers moved to California to escape the shadow of the Yankees. "No matter what they did they were second fiddle to the Yankees," Karmanos said. "Then you have the New York Islanders and Rangers. No matter what the Islanders do they are second fiddle to the Rangers. Its why another team wouldnt move to Detroit. Because short of winning the Stanley Cup you would never replace the Detroit Red Wings. I dont care where a second team in Toronto might play, the Maple Leafs are in the hearts and minds of all those people... I would feel sorry for a second franchise there." Karmanos said hes been pleased with NHL Commissioner Gary Bettmans stewardship of the league, particularly for his ability to negotiate a collective bargaining agreement with the NHL Players Association that gives mid-market teams a chance to turn a profit and be competitive. Karmanos said he isnt worried whether the NHL develops a more aggressive strategy to build a fan base in blossoming markets such as China, where the National Basketball Association reportedly has partnerships with at least 51 TV stations across the country. "I dont know why you need new money," he said. "Its fair to say were not doing much in China, but Id rather be doing things in other markets were we get our players from. I dont care what basketball does. It may end up being a huge sport in China... I dont look at it as if we have to grow revenue every year. It would be nice, but you cant do it on the backs of your fans." Jordy Nelson Jersey . He just didnt expect them to be this good. Darrun Hilliard scored 19 points to lead No. 6 Villanova to a dominating 77-59 victory over Georgetown on Saturday, preserving the Wildcats hopes of a No. Richard Rodgers Jersey . Dont miss a single shot, live on TSN beginning at 7pm et/4pm pt. Winners of their last eight games, the Heat return to Toronto for the second time in the month of November. After beginning the season 4-3, allowing 100.9 points on 47 per cent shooting, Miamis resurgent defence has vaulted them back to the top of a weak Eastern Conference. . Now he has a complete game. Scherzer tossed a three-hitter in his 179th career start for his first complete game and Victor Martinez hit his 16th homer to lead the Detroit Tigers a 4-0 win over the Chicago White Sox.San Diego, CA ( - Jon Lester has reunited with Theo Epstein. Lester agreed to a six-year deal with the Chicago Cubs early Wednesday morning, according to a report. The Cubs and Boston Red Sox were the only teams remaining in the Lester sweepstakes on Tuesday night after the San Francisco Giants and the Los Angeles Dodgers backed out, per reports. Yahoo Sports! is reporting the pact to be for $155 million. The 30-year-old Lester went 6-4 with a 2.35 ERA for the Oakland Athletics after he and outfielder Jonny Gomes were acquired in a blockbuster trade- deadline swap from the Red Sox for outfielder Yoenis Cespedes. The southpaw went 16-11 wiith a career-best 2. Don Barclay Jersey. 46 ERA in 2014. Lester is most known for his prowess in the postseason, where he is 6-4 with 2.57 ERA in 14 career appearances, including a perfect 3-0 mark with a sparkling 0.43 ERA in the World Series. Lester has a 116-67 record with a 3.58 ERA over his nine-year career. He turned down a $70 million contract extension from Boston during the spring, the team which he helped win two World Series titles. Epstein became the youngest general manager in MLB history when the Red Sox hired him following the 2002 season and helped them win a pair of World Series prior becoming the president of baseball operations for the Cubs in 2011. 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