Off-Season Update: August 15th

Colorado Avalanche has extended their Captain, Gabriel Landeskog to a 7 year deal. The financial aspect of the deal has not been released yet but Sportsnet has reported that the deal will be a total of $39 million (should be around $5.5 million per year). Landeskog still has a year left on his entry level contract and this extension will start next summer. Gabriel Landeskog won the Calder Memorial Trophy as league’s best rookie in the 2011-2012 season and in two season, he has 31 goals and 38 assists in 118 games.

The New Jersey Devils have switched ownership as Joshua Harris and David Blitzer have become co-owners of the franchise. Both have recently purchased the Philadelphia 76’s for $280 million in 2011. The price of the purchase has not been revealed. Jeff Vanderbeek, the previous owner of the New Jersey Devils will remain with the Devils as a senior advisor. 

The Phoenix Coyotes' Ownership Saga Ends

Finally.

That's what everyone in Arizona, and likely league-wide, is saying right now. The ownership group known as IceArizona, headed by George Gosbee and Anthony LeBlanc, has closed on its purchase of the Coyotes from the NHL today. The deal will keep the Coyotes in Glendale for at least five more years, and I for one hope that their stay becomes permanent.

After talks of the team potentially being moved to Seattle, Hamilton, and many other locales in the United States and Canada, the fanbase, the players, the coaches, and the front office should all be thankful that the madness of the last few years is now finally behind them.