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NHL Information: NHL Not Going to the Olympics, and the Calgary Flames Enviornment Deal Coming Undone

Pulling out of the Olympics

TSN: Although it hasn’t been made official but, the NHL and NHLPA have agreed that they gained’t be going to the 2022 Winter Olympics. Pierre LeBrun:

“When it’s made official, that is concerning the NHL pointing to the Olympic settlement with the gamers and saying that this COVID state of affairs now, the most recent wave, has materially impacted this season, clearly, and that’s simply not one thing the NHLPA can object to based mostly on the way in which that settlement is written. It’s powerful to simply accept, however it’s actuality, and don’t neglect the gamers have as a lot to fret about by way of the enterprise of the season with the 50/50 cut up in revenues, and that’s a degree that’s been emphasised as effectively within the final couple of days.”

Chris Johnston provides that there have been one-on-one calls with the gamers and a few weren’t proud of the information and need to know if there are any choices for them.

“What’s fascinating for me is plenty of these participant calls you referenced are literally one-on-one calls, as a result of there’s lots of gamers that didn’t take too kindly to this information, that they’re upset and wished to at the very least have the ability to have some dialog about what their choices is likely to be, speak to Don Fehr and the NHLPA attorneys to see if they’ve any choices, and actually what they’re being advised is, no, there’s no capability right here to take a go away of absence and go play in Beijing if you wish to go.”

Darren Dreger provides that IOC plans to push by way of with the Beijing Olympics, but when they do postpone the Olympics, the NHL and NHLPA shall be inquisitive about returning.

Flames area deal coming undone

Jyoti Gondek: (Mayor of Calgary – twitter thread)

“Immediately, I spoke with Murray Edwards, major shareholder of Calgary Sports activities & Leisure Corp (CSEC), about the way forward for the Occasion Centre mission. He knowledgeable me of the Flames intention to drag the plug on the Occasion Centre deal. Why? Right here’s what I do know:

The deal struck in summer season of 2019 envisioned a $550 m deal w/prices cut up equally between CSEC & the Metropolis. As well as, the Metropolis supplied land, 90% demolition of the ‘Dome, extra flood/website remediation, & levies. Complete Metropolis contribution: $275m + $22.4m = $297.4 plus land.

Plus the worth of the land. I supported that deal. In July 2021, CSEC requested to make modifications to the above deal. CMLC eliminated as devel supervisor, each events added $12.5m for potential value overruns & Metropolis added as much as $10m in occasion administration prices. Complete worth: $307.4 + land

I didn’t assist that deal. Since I used to be elected Mayor, Administration & my workplace have been working with CSEC to mitigate any extra prices. Two prices have been recognized: local weather mitigation of round $4m and street/sidewalk proper of method problems with $12.1m.

The Metropolis got here to the desk to help with $6.4m in roadways leaving $9.7m for the Flames. Primarily based on this hole, CSEC knowledgeable me they’re strolling away from our deal. On a mission value over $650m, to have one occasion stroll away for 1.5% of the worth of the deal is staggering.

I wished Calgarians to be the primary to know. I’m as upset as all of you that that is the way in which issues are ending.”

Ryan Pike: “We’ll get into this in additional element on the podcast tonight, however within the July 2021 tweak to the world deal, the commerce was mainly the Metropolis agreeing to make transpo plan enhancements and eradicating CMLC as mission supervisor in change for the #Flames taking over any overruns.”

Calgary Flames: A full press launch from the Flames on the Occasion Centre Mission. Abstract of their determination:

“1) Introduction by the Metropolis of great infrastructure prices ($15 million) and local weather mitigation prices ($4 million); prices not beforehand recognized as mission prices by CMLC or the Metropolis nor included within the $608.5 million goal price range in July 2021.

2) Continued value escalation skilled because the authorized price range of $608.5 million in July 2021. It has since grown to $634 million based mostly upon design growth that was accomplished in October 2021.

3) Excessive degree of threat related to future mission value will increase partially as a result of provide chain points and commodity worth escalation because of the impression of COVID.

Whereas not very best for Calgarians nor competitively for the Flames, the folks of Calgary ought to perceive that however CSEC’s intentions are to stay within the Scotiabank Saddledome.

We’re deeply upset with the result.”

 

 

 

 

 

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