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Paul Nicholson
Nashvegas TN
Digital Marketing guy for Captain D's. Hockey fan, photographer, and father of 2 awesome boys.

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Tuesday, June 19, 2007

no buyout option for preds

Well, it looks like the little Nashville Post finally caught up with itself and posted a 'breaking' story too fast without researching it enough. They reported what a lawyer said in a Metro Sports Authority meeting last week. Now they are saying it isn't true after all.

Basically, the $27mil fee for "liquidating damages" is only for that - if the team declares bankruptcy or is found in default of the lease (like the city is saying they are by not having enough total "tangible net worth"). The Post was also kind enough to finally post a copy of this dreaded and complicated lease everyone has been arguing over.

Basically i fell into what Paul McCann called the chicken little syndrome.
It is looking like it will be tough to sell enough tickets to keep the Preds if the team doesn't put a quality group on the ice - but this is far from over.

Oh - and we signed Jerred Smithson today. So...yay.

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