Yes they are. Wang has been settling suits from the CA case. He can't make payments on the hotel next store. He's in trouble financially
- Isles316

Maybe he should sell the team then?

Maybe he should sell the team then?
- ses111

would that put the franchise at risk of relocation? i doubt it, but what if the only owners willing to buy it are only willing to buy it to move it?

dont get me wrong, the seat should be getting warm for garth...i think this vanek trade will be very telling in what the return is...i have to believe cappy will be gone.
- LetsGoIsles

Garth should be fired. His seat should be on fire not getting warm. Doesn't matter what the return is. It was a bone headed trade he didn't follow through on. Now we don't have the top line elite winger he traded for and we gave moulson a first and a second. What does the return matter when we don't have a first line winger and this bozo couldn't get a top four d man or goaltender over the summer?

would that put the franchise at risk of relocation? i doubt it, but what if the only owners willing to buy it are only willing to buy it to move it?
- rangerdanger94

The Nets people would most likely buy and the NHL will not let them move.

what were our weaknesses last season? Defense and goaltending. Who did we sign or trade for in the offseason to address these weaknesses? No one. Who did we trade for to address these weaknesses so far this season? No one. When the team went into a nose dive in november/december, what did we do to shake them out of it? Nothing.

This is a failure of management to address these situations in any way. There has been absolutely zero done in over a year to make any changes to shore up these areas.

For that reason, Snow has miserably failed this franchise and should be let go.

You cannot make a move like the Vanek trade and tell the world the rebuild is over when such glaring weaknesses to the line up exist and are not addressed. You cannot give away assets like we have to add a player like Vanek without a contract in place for the long term, while still ignoring the areas that needed to be strengthened.

While our head coach is a laughingstock to those who follow the team, our GM has been the one to truly fail this organization because absolutely nothing was done to push this team forward - instead we regressed and no actions were taken to help the team move forward.

This long standing pattern of doing nothing and hoping to get more out of reclaimation projects or rushing prospects is not building an organization, that's penny pinching and hoping for miracles.

This team was well out of the playoff picture by the end of november.

While I would hate to see someone of milbury's hastiness again, we need someone that actually is capable of making a move to strengthen our weaknesses and give this team a legitimate chance of becoming a winner.
- Isles_since_6

Great post

lubo, strait hamonic all injured...

they had donovan/dehaan waiting in case of emergency...would it have made them a top 10 defense? no-- middle of the pack? yes i believe so...they got crushed with injuries.

as for goalies, most people were ok with poulin/nabby, again, top 10? no. middle of the pack? yes.

as for trading this season, why not wait till this MAJOR chip is traded before closing the book on "who have we traded this season" (not to mention amac, who if anything is given back is a major upgrade)

what assets did garth give up?? moulson?! a 1st in the worst draft class in recent memory? a 2nd??? give it a rest!! the guy took a chance, he cant force vanek to resign. he'll now trade him and they can recoup the "losses"


for all the haters, can we at least wait till vanek/amac are traded and see what is gotten in return????
- LetsGoIsles

goalies have been traded.
dmen have been traded.

who says garth didnt try getting in on those deals? can anyone tell me for certain what the other team GMs were looking for when the isles reached out to them?
- LetsGoIsles

He always "try's" and never succeeds. Garths MO. Wouldn't you rather have a GM who actually succeeds or are you happy with perpetual failure? Serious question.

would that put the franchise at risk of relocation? i doubt it, but what if the only owners willing to buy it are only willing to buy it to move it?
- rangerdanger94

with a signed lease for 25 years with brooklyn, who will be paying them to play there, plus the television contract, do you really think the team would be at all in danger of being moved if Wang sold the team?

It may take a bit longer to find a buyer, but the chances of them being moved are next to nil.

with a signed lease for 25 years with brooklyn, who will be paying them to play there, plus the television contract, do you really think the team would be at all in danger of being moved if Wang sold the team?

It may take a bit longer to find a buyer, but the chances of them being moved are next to nil.
- Isles_since_6

Now we are hearing Wang has money troubles? We did not go through this enough with Spano?

with a signed lease for 25 years with brooklyn, who will be paying them to play there, plus the television contract, do you really think the team would be at all in danger of being moved if Wang sold the team?

It may take a bit longer to find a buyer, but the chances of them being moved are next to nil.
- Isles_since_6

Dude don't even waste your time with this passive aggressive pos. from troll to conversationalist in a matter of minutes. He comes over here and stirs the shat then steps back. Same old shat with this kid. We need to impose a three day ban on ranger danger till he at the very least puts the boob avatar back up.

eh it's tough to say. you have to think that the islanders aren't making any money...wang is actually losing money each fiscal year. that means that every extra 500k you pay for a player's league minimum salary is another 500k he's losing out of pocket. that's a lot of money...and that's the lowest of the low in terms of nhl contracts. can he really afford to pay cappy whatever he makes PLUS $2 million for lavvy? because signing lavvy literally makes his net profit $2 million lower out of his pocket.
- rangerdanger94

There's one thing about billionaire's(or former ones).

They didn't become billionaires by operating losing businesses.

Wang is the ticket broker for ALL NVMC events. (this is Non-HockeyRelated Revenue - remember that phrase from the lockout?)
Wang's ITV/NuLion Media is the platform used by all NHL teams for streaming media on their website.

There's also merchandising, parking & concessions - he no doubt gets some of those too, so when people quote the payroll vs. ticket sales you can draw the conclusion that the team is in the red but when you include the HRR, he's probably closer to even or only losing a little of what's publicly reported/assumed.

IF he really was losing all the money we've been told, he'd have sold the team by now. Smart business people know when to cut their losses....

Yes they are. Wang has been settling suits from the CA case. He can't make payments on the hotel next store. He's in trouble financially
- Isles316

So were the Devils, allegedly. Missed a $30million payment on a loan. THey don't seem to have trouble acquiring/retaining players...

Wang the person is in no financial trouble. His corporation is. There's a difference.

Now we are hearing Wang has money troubles? We did not go through this enough with Spano?
- ses111

Lenders are seeking to foreclose on the Long Island Marriott Hotel and Conference Center in Uniondale, owned by New York Islanders owner Charles Wang, and a court date for oral arguments in the case will be set next week, according to a New York State courts spokesman.
The 618-room hotel is the largest on Long Island.
The lenders of a $103-million loan, taken out by the hotel in 2007, filed for foreclosure in July after the hotel missed a February payment. A special servicer, which works to restructure troubled debts, had sent two notices of default to the hotel in February and May, according to documents filed in NY State Supreme Court in Mineola.
In May, the total sum owed was more than $125 million, court documents say.
A lawyer for Wang and a representative for the Uniondale hotel were not available for comment late Friday, but in court documents Wang contests the foreclosure effort.
The hotel was valued at $63.4 million in an April appraisal, according to Bloomberg data. In 2010, it had been valued at $152 million.
The Marriott, built in 1982, underwent a $22-million renovation in 2006. At the time, the Town of Hempstead's Industrial Development Agency approved a 10-year property tax abatement program for the hotel. If foreclosure is approved and the hotel is sold, the abatement will not transfer, said Fred Parola, executive director of the Hempstead IDA.
Wang first purchased the Marriott in 2005 to bolster his Lighthouse plan to revitalize the area around the Nassau Coliseum. In 2007, the hotel was bought by Scott Rechler of RXR Realty, who partnered with Wang on the project. After the approval process for the Lighthouse project stalled and fell through, Wang bought the hotel back.
Wang later sought a Nassau County-funded renovation for the Coliseum, but voters rejected the project. The Islanders then announced in 2012 that they were moving to Brooklyn.
Last year, developer Bruce Ratner was selected by the county to renovate the Coliseum.

So were the Devils, allegedly. Missed a $30million payment on a loan. THey don't seem to have trouble acquiring/retaining players...

Wang the person is in no financial trouble. His corporation is. There's a difference.
- jmo16

True

There's one thing about billionaire's(or former ones).

They didn't become billionaires by operating losing businesses.

Wang is the ticket broker for ALL NVMC events. (this is Non-HockeyRelated Revenue - remember that phrase from the lockout?)
Wang's ITV/NuLion Media is the platform used by all NHL teams for streaming media on their website.

There's also merchandising, parking & concessions - he no doubt gets some of those too, so when people quote the payroll vs. ticket sales you can draw the conclusion that the team is in the red but when you include the HRR, he's probably closer to even or only losing a little of what's publicly reported/assumed.

IF he really was losing all the money we've been told, he'd have sold the team by now. Smart business people know when to cut their losses....
- jmo16

well speaking of neulion, that company is not doing well whatsoever. i actually did some research on it over my winter break where i interned (a financial consulation firm) for a client.

http://www.morningstar.co...6626-nln-neulion-inc.html

you can see from scrolling down that the company lost $10 million last year. their statement of cash flows is terrible, along with their balance sheet and income statement.

Isles Vanek F and Amac D
for
Wings Petr Mrazek G, Martin Frk F, and Brenden Smith D and 2nd rounder

go ahead tear me apart everyone!!!!

Isles Vanek F and Amac D
for
Wings Petr Mrazek G, Martin Frk F, and Brenden Smith D and 2nd rounder

go ahead tear me apart everyone!!!!

- Nolanders

not interested in a goalie prospect. Brenden Smith would interest me, otherwise...nothing that helps us immediately. We have plenty of prospects, we need immediate help.

Isles Vanek F and Amac D
for
Wings Petr Mrazek G, Martin Frk F, and Brenden Smith D and 2nd rounder

go ahead tear me apart everyone!!!!

- Nolanders

how about vanek to columbus for erixon + dansk + 2nd? you could maybe get even a 1st instead of a 2nd?

Garth should be fired. His seat should be on fire not getting warm. Doesn't matter what the return is. It was a bone headed trade he didn't follow through on. Now we don't have the top line elite winger he traded for and we gave moulson a first and a second. What does the return matter when we don't have a first line winger and this bozo couldn't get a top four d man or goaltender over the summer?
- Cptmjl

The problems go well beyond Snow. Firing Snow doesn't address problem#1: the owner's priority is not winning. It's losing as little$$ as possible. You can fire Snow and the next guy up will face the same issues.

Look at the Tampa Rays and Oakland A's in baseball. Granted, different sports, but stay with me. They are budget teams. Field winning programs on half the payroll of other teams. Why? Because ownership cares about winning AND AS A RESULT, put the best people in place to run the sport operations. The difference between Wang and owners of sports teams that win on a budget is that wang accepts mediocrity and losing, where other small market team owners still demand success, regardless of the financial resources they provide their management.

wang could fire Snow, but all hed do then is hire another cheap alternative and fail to hold that person accountable. It trickles down. Wang doesnt hold Snow accountable. Snow doesn't hold Cappy accountable. Cappy doesnt hold the players accountable.

So, until wang either a) sells the team or b) gets some personal pride and decides he no longer wants to be affiliated with losing, things will not change. Wang need to let Snow get one more year to turn this around and light a fire under Snow's a**. If Snow has another bad summer and the team fails, hes got to be fired. Snow needs to fear for his job or else ge will do nothing different.

i agree...i think it terms of most important to least important, a new/veteran/experienced coach who the players will fear is by far the most important.
- LetsGoIsles

i bet you loved him last year when he got you into the playoffs !!
I guess he forgot how to coach ...

i bet you loved him last year when he got you into the playoffs !!
I guess he forgot how to coach ...
- rsmarro

They got into the playoffs last year because Nabokov was an above average goalie for 8 weeks.

They got into the playoffs last year because Nabokov was an above average goalie for 8 weeks.
- Isles316

Your team played some great team defense too. And bailey was on fire

Whelp, I take the day off from the internet and look what happens...
Mixed feelings on this whole experience, but here's my two cents:

No regrets. While it sucks that we're about to be left at the alter once again, the reality is this was a big risk and we knew it all along. On one hand, we can certainly blame Snow for taking this risk, but in reality it was an honest attempt. This wasn't about the team being cheap, it wasn't about them not being aggressive enough and it certainly wasn't about them not being able to broker a deal. 7 years ago, Snow attempted to bring instant credibility back to the franchise by trading for Captain Canada. It blew up in his face due largely to reputation that had been built years before he even joined the club. That was of course the last straw for Garth and the Isles went into a hiatus from big ticket trades/UFA's, deciding to instead draft their own big players.

After last seasons success, Garth decided it was time to see if the franchise had indeed turned the corner, not just in the minds of their fans but around the league as well. The trade may have been unpopular with some due to the player we sent packing, or the consideration that it wasn't a huge 'need', but Snow took the risk to bring in one of the biggest names in the game and signal t the league that the Islanders were serious again.

The fact is they made this bet on a player that wasn't likely to stay here regardless of the teams past, present or future. Vanek has his sites set elsewhere and seems to believe it's not such a huge risk to turn a massive deal down for. Obviously what it does for us, is suggest to the league that we still aren't that hotspot for UFA's.

It's the worst case scenario for the fans, the players, management and ownership. It's essentially a comment advising "you're still on your own".

I'm sure today has provided the fodder for the malcontents to tee off on the last 8 years, tell us how ownership is a joke, management is a joke, the team has no hope etc and some of it's deserved, but I think the story isn't complete at this moment. I'm pretty sure that Snow took into account the possibility that Vanek might not stay. Afterall, if we've gotten wind all along that MN was a preferred destination, I'm pretty sure Garth knew it as well. I imagine Garth will seek a 1st rd pick, a top prospect who is NHL ready and perhaps a player. It will be a huge asking price that may or may not pan out, but that return will only slightly dull the pain of getting publically insulted once again, deserved or not.

I don't blame Garth, this COULD have been a watershed moment for the franchise. Instead it's a reminder that this team has to earn a reputation. The players, coaches, management, ownership and even fans are all responsible (though not equally so). How we recovery from this, will truly be the franchises most defining moment.

Your team played some great team defense too. And bailey was on fire
- rangerdanger94

Isles are last in the NHL in save percentage this year. Aren't playing much different

Your team played some great team defense too. And bailey was on fire
- rangerdanger94

After all, he was the reason they got in