Maple Leafs’ value tops $1 billion
The Toronto Maple Leafs are the first NHL team worth $1 billion, according to Forbes magazine.
The Leafs, who have not won a Stanley Cup since 1967, are worth $250 million more than the next most valuable franchise, the New York Rangers. The Montreal Canadiens are worth $575 million.
Least valuable of the 30 teams are the St. Louis Blues at $130 million and the Phoenix Coyotes at $134 million. The Stanley Cup champion Los Angeles Kings are worth $276 million, 10th overall.
Pittsburgh center Sidney Crosby was named highest-paid player at $12.7 million this year.
Wild ready to cut salary: Minnesota Wild staff will take a 20 percent reduction in pay next month, unless league owners and players settle their issues by then.
Wild spokesman Aaron Sickman confirmed employees were told of the cutbacks in a company-wide meeting Tuesday, when the lockout reached its 73rd day. All NHL games have already been canceled through Dec. 14. Wild staff will begin four-day, 32-hour work weeks starting Dec. 9 and see their paychecks reduced beginning Dec. 28, if no new collective bargaining agreement is in place. No layoffs have been ordered, at this point.
Deal reached for Coyotes stadium: Glendale officials have approved a $320 million deal to keep the Phoenix Coyotes in the city’s arena.
The City Council approved a 20-year, $324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it.
The proposal approved Tuesday night would help Glendale because it would reduce payments in the early years of the 20-year deal and save the city $4 million.