Lecavalier rides the Lightning

Tampa Bay Lightning star Vincent Lecavalier is owed a bonus Thursday worth $500,000 US, according to the La Presse in Montreal. The paper also reports that the Lightning can't afford to make the payment to the star centreman.
As a pal of mine back in B.C. always says, "broke as a joke."
I'm not sure why anyone's surprised about the Vinny Lecavalier trade talk at this point. I'm half expecting GM Brian Lawton to throw himself into any deal, along with all of that prime real estate next to the Lightning arena that's become a little less prime as the economy sours.
The Habs could take it over and put up a souvenir stand to sell Lecavalier-related wares. Lord knows the Tampa Bay faithful won't be buying any Lightning garb anytime soon.
I don't have the details (yet) on Lecavalier's bonus that La Presse is talking about, but his existing contract was a four-year deal for $27.5-million, and he received $6-million in the first year and $7.167-million in the three following years (including this season).
His new behemoth deal kicks in next season, along with a no-movement clause.
If this wacky ownership group deals Lecavalier, there'll be no coming back. The team's precarious fan base is already on the verge of revolt and has been heavily eroded since the team's championship in 2004.
No longer are the Lightning one of the top attended teams in the NHL, and there's a reason for that. Take a look on a Lightning message board or even the comments on popular media blogs that cover the team and you'll get a whole lot of vitriol:
- "if he is traded after the promise was made to him AND the fans that he would not be traded, there will be a lot and I mean a lot fewer people in the seats. I for one will refuse to buy tickets or even watch them on TV. Have Center Ice and get to watch a lot of other teams."
- "If I were Vinny I would now be hoping for a trade so I wouldn't have to live with these idiots for the rest of my career. Way to be men and back up what you say and own your mistakes OK Hockey. You disgust me."
- "Trading Vinny will kill the fanbase, and I know I won't be going to anymore games after that. Are they trying to get rid of everyone that helped win the cup or what? Haven't they learned through their stupid moves thus far? I guess not."
- "I doubt the franchise could survive a huge rebuilding effort. Whatever financial issues they may have now will get exponentially worse and may not recover in time to "start over." They SHOULD know that...but who knows."
And on and on and on.
I said right from the Barry Melrose hiring that the real losers in this Lightning debacle would be the fans, and they've been taking it in the teeth ever since these yahoos took roost in the ownership suite.
It's sad and I don't know if hockey in Tampa Bay can survive all this. Their current financial woes are about to get much, much worse.
"We're not dumb guys," co-owner Len Barrie told Lightning Strikes last week. "We didn't put in $100-million cash to lose it in three months. We have a good business here. We think we can turn it into a great business in the next three years."
By trading Lecavalier?
Really?
Here's blogger Tom Benjamin:
Its officially past circus in Tampa Bay. If they really do trade Vinnie scant months after signing him to an 11 year contract, they are either the most incompetent boobs to ever run a franchise or the team is very nearly broke.
Oh, these guys? They're a double threat.
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Comments
1) Add the NHL as the latest industry that will likely be looking for a federal bail out! LOL
2) Kidding aside, can the NHL keep multiple franchises (Phoenix, TB, Atlanta, Nashville) afloat for long?
by Fauxrumors on Jan 14, 2009 11:20 AM CST reply actions 0 recs
Well that part from La Presse about the overdue bonus payment is interesting, I didn’t know that.
In any case, I implore any god in hockey to make Vinny go anywhere, but in Montreal. Colorado could be interested no? They have cap space, decent prospects, need a replacement for Sakic… or L.A.? or Toronto? Anything but Montreal please!
by Habs on Jan 14, 2009 11:27 AM CST reply actions 0 recs
These guys bought the team, what? A year ago? And they’ve already ruined it to the point where the only thing that will fix it is a new ownership group. The fans aren’t stupid and neither are the players: no one’s going to sign with a team that dumped Boyle and Lecavalier right after giving them huge contracts with no-trade and no-movement clauses.
by David M. Getz on Jan 14, 2009 11:38 AM CST reply actions 0 recs
1) From what we’ve read the ‘new owners’ have yet to fully pay for the team so its not totally theirs yet??
2) However if they had an inkling that they were going to have trouble why sign Vinny to such an obscenely long/lucrative deal?
by Fauxrumors on Jan 14, 2009 11:46 AM CST up reply actions 0 recs
Easy
That’s an easy one. They are running the team just like a fantasy pool team. Same attitude, same moves. They signed the contract because at that moment it seemed cool, they figured they could always dump him later if they needed to.
Just like that guy you draft in the 4th round of your league draft figuring you can dump him if he doesn’t answer the call.
by Habs on Jan 14, 2009 11:59 AM CST up reply actions 0 recs
1) Perhaps, but aren’t these intelligent business people who you would think were savvy/intelligent in their previous business practices to be successful. Why do they suddenly become’stupid’ when they buy a pro franchise? LOL
by Fauxrumors on Jan 14, 2009 12:01 PM CST up reply actions 0 recs
that's easy
because they are sports fans and all sports fans think that they know best.
Pension Plan Puppets: A Toronto Maple Leafs blog and a group therapy session.
by PPP on Jan 14, 2009 12:02 PM CST up reply actions 0 recs
You mean we don’t???
Lighthouse Hockey: an SB Nation New York Islanders blog with hip issues.
by Dominik on Jan 14, 2009 1:43 PM CST up reply actions 0 recs
No, the team would be theirs regardless of the funding of the purchase price.
by Gerald on Jan 14, 2009 12:14 PM CST up reply actions 0 recs
As an aside, the idea that the Lighning cannot afford a $500k bonus payment is ludicrous to the extreme. Their payroll is $8 million or so a month. That would suggest they are donw to their last few hundred thousand dollars.
On top of that, the owners are apparently complete paupers. While i have my doubts about Barrie, Oren Koules is worth a lot of money, and could undoubtedly write a $500k cheque on a moment’s notice.
Beyond ludicrous, actually. This is really getting to be the silly season IMO in Canadian newspaperdom.
by Gerald on Jan 14, 2009 12:22 PM CST reply actions 0 recs
On top of that, the owners are apparently complete paupers. While i have my doubts about Barrie, Oren Koules is worth a lot of money, and could undoubtedly write a $500k cheque on a moment’s notice.
Whether they can or not is not necessarily relevant. I assume that the team is set up as a limited liability partnership. That means that no one can force the owners to put in another dime. If the team can’t fork over the cash, that may mean that the team can’t fork over the cash.
As for being down to their last few hundred thousand dollars, I doubt it, but it wouldn’t be ludicrous. (The NHL approving new ownership operating on such a shoestring would be ludicrous, but I don’t think that gross incompetence by the league can be ruled out at this point.) Even aside from P/L, there are cash flow questions. I don’t know when the league gets paid by NBC, and I don’t know when the league distributes that money to the teams; a quick Google search didn’t answer the question. With attendance way down, there could easily be a cash shortage in Tampa, if these clowns didn’t bring enough with them to start.
by J. Michael Neal on Jan 14, 2009 1:33 PM CST up reply actions 0 recs
In this situation however, one would hope the League, after approving a shaky ownership venture in the first place, would step in a prevent this media slap-to-the-face, especially for a small amount (all things considered) like 500k. I guess that’s not how it works…
by Habs on Jan 14, 2009 1:43 PM CST up reply actions 0 recs
The $500,000 payment might be an incentive to move him today if there is a deal to be had rather than waiting until the deadline. I don’t think the Lightning will not be able to make the payment, but they may feel it’ll be $500,000 wasted if they’ve already decided to trade him anyways.
Hockey blogging can't get any flatter.
by saskhab on Jan 14, 2009 2:33 PM CST up reply actions 0 recs
i completely buy that, mind you. That would be good business.
by Gerald on Jan 14, 2009 4:05 PM CST up reply actions 0 recs
I’m sketical of the report, too, Gerald. I should have mentioned that.
Maybe if it was more than $500,000.
by James Mirtle on Jan 14, 2009 3:27 PM CST up reply actions 0 recs

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