The New Jersey Devils are on the brink, according to the New York Post, which reported Monday that the team has defaulted on a loan.
All this after the Newark-based club restructured its debt just six months ago.
Devils Arena Entertainment, which operates the Prudential Center, home of the Devils, reportedly owes lenders close to $170 million.
“How can you do a restructuring Dec. 31 and default in April?” a source with knowledge of the proceedings told the Post.
Last year, Devils owner Jeff Vanderbeek combined his team’s debt with that of Devils Arena in an effort to stabilize the team’s finances over multiple years.
But that was before the impact of the eventual 113-day lockout was fully felt. It didn't help the team failed to reach the post-season.
To make matters worse, Devils Arena, according to the report, is having a difficult time booking non-hockey events due to the close proximity of a number of new venues, including Brooklyn’s Barclays Center.
While the NHL told the Post the report was false, they failed to provide specifics.
The Post’s source went on to say that Vanderbeek now has until the summer to sort through the club’s financial issues.
CANUCKS SIGN SWEDE
The Vancouver Canucks announced Monday they’ve signed Swedish goalie Joacim Eriksson.
With current netminder Roberto Luongo on the trading block this off-season, the Canucks needed to address their back up goaltending situation.
Eriksson, a 6-foot-1, 189-pound goalie who played for Swedish champs Skelleftea last season, was originally selected in the seventh round (196th overall) by the Philadelphia Flyers in 2008.
In the Swedish Elitserien last season, the 24-year-old went 21-9-0, allowing 1.67 goals against and accumulating a .931 save percentage. He also posted five shutouts in his breakout season.
The terms of Eriksson's deal weren't immediately released.
STARS INK NETMINDER
The Dallas Stars rewarded minor league goalie Cristopher Nilstorp Monday with a one-year deal.
Nilstorp, 29, appeared in 39 regular season AHL games in 2012-13, posting a 2.38 goals-against average and 19-13-3 record. In the playoffs, he managed a .922 save percentage in nine games.
In three NHL games, the Swede went 1-3-1 with a .897 save percentage. Nilstrop's first career victory came Feb. 23 against the San Jose sharks.
The Star did not release financial details of the two-way deal. Last June, Nilstrop was signed to a similar deal with the club.
Previously, Nilstorp played eight seasons in the Swedish pro circuit.
PREDS TURN TRADE INTO SIGNING
Former Calgary Flames defenceman Joe Piskula, traded in February to the Nashville Predators for Brian McGrattan, has signed a one-year deal.
Monday, the Predators announced Piskula, 28, is on a new two-way contract.
In 10 career NHL games, the undrafted Wisconsin native has zero points and eight penalty minutes. Piskula has played 393 games in the AHL over six seasons.
- with files from The Sports Xchange