tag:blogger.com,1999:blog-4699181387808980480.post7530037011325683440..comments2010-01-10T22:35:41.496-08:00Comments on Greetings From Islander Country: Can Long Island lose the Islanders?Jim McGlynnhttp://www.blogger.com/profile/01259366401969974607noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4699181387808980480.post-75533034451082498752008-03-15T15:55:00.000-07:002008-03-15T15:55:00.000-07:00Jim,The Smg lease also gives them the right to man...Jim,<BR/><BR/>The Smg lease also gives them the right to manage whatever is built on that site in the future and if the Coliseum were torn down (as opposed to a renovation) they would have say over what was built on the land and rights of future management of that facility.<BR/><BR/>Mr Suozzi when the County approved the memorandum of understanding did give the Isles the right to opt out of the lease immediately if this plan is not approved but the Smg lease is binding with the club until 2014. <BR/><BR/>The television contract was renegotiated by John Spano which increased the value of the club by about 30m but pays them over 15m a year until 2030. <BR/><BR/>What owner walks away from that kind of revenue when most teams only get a million or two from television revenue? <BR/><BR/>My impression is Mr Wang loves owning a team and will keep it even if the plan is not approved. I have read too many articles where folks say he really takes this team winning and losing daily as seriously as the fans.New York Islander Fan Centralhttps://www.blogger.com/profile/08893910827754685132noreply@blogger.comtag:blogger.com,1999:blog-4699181387808980480.post-39024881568341412102008-03-15T07:22:00.000-07:002008-03-15T07:22:00.000-07:00Hey NYISLES1. I was unaware of the tv contract and...Hey NYISLES1. I was unaware of the tv contract and its possible impact on the Isles staying here. However, with regard to the lease, you are dead on that SMG has never, and will likely never consider letting us out of their clutches. However, a buyout of the lease is something that is said to be under consideration. I hope you are right and there are elements that would make it hard for them to leave.Jim McGlynnhttps://www.blogger.com/profile/01259366401969974607noreply@blogger.comtag:blogger.com,1999:blog-4699181387808980480.post-75829377741089545242008-03-15T05:53:00.000-07:002008-03-15T05:53:00.000-07:00No no... I'd be buying a Devils jersey instead. N...No no... I'd be buying a Devils jersey instead. Not the Flyers. Wait..Or maybe a Wild jersey, I look good in green. These are things I really DON'T want to think about!!!!!7th Womanhttps://www.blogger.com/profile/03918374173739981835noreply@blogger.comtag:blogger.com,1999:blog-4699181387808980480.post-84146892555621426762008-03-15T01:47:00.000-07:002008-03-15T01:47:00.000-07:00Hi Jim,Given the Islanders have a television contr...Hi Jim,<BR/><BR/>Given the Islanders have a television contract that runs until 2030 that pays whoever owns the team close to 300m it's highly unlikely anyone owning the Isles will move the team. <BR/><BR/>Also the Smg/Nassau County leases with the team run until 2014-2015 which makes any move impossible in a few years even with the provisions in the memorandum of understanding the lease could be voided if this plan is not approved.<BR/><BR/>Smg is not letting the Isles out of that contract. <BR/><BR/>Mr Wang was not going to say what direction he would go in if the plan was turned down and at this point he is not looking at things along those lines but of course Mr Russo and Mr Francesa do. <BR/><BR/>It should also be noted even if this plan is approved in full the Isles lease will only be extended until 2025 at the Coliseum.New York Islander Fan Centralhttps://www.blogger.com/profile/08893910827754685132noreply@blogger.com