Preds ownership completes Del Biaggio buyout
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09/02/2010 - Nashville, TN (Sportsbook Betting Lines) - Nashville Predators chairman Tom Cigarran announced on Thursday that the current ownership group has completed the purchase of remaining ownership shares from jailed former investor William "Boots" Del Biaggio and the former Forecheck Investments.
Back in July, the Preds' ownership began the process to strengthen its hold on the franchise, after agreeing to acquire the remaining ownership shares from the disgraced Del Biaggio -- who had owned an 83 percent stake in Forecheck.
According to the terms of the agreement at that time, the current ownership group was to purchase Del Biaggio's $25 million ownership stake for $15.2 million, and also agreed to withdraw its damage claims against Del Biaggio's estate.
Approval of the transaction by the National Hockey League and the Metro Nashville Sports Authority means that the current owners, which include Cigarran, now hold an overwhelming majority of shares in the club.
"This is a significant step for the Predators franchise on several levels," Cigarran said. "First and foremost, it strengthens our franchise's financial position and eliminates a significant future liability. In doing so, it closes the book on a distraction and allows the Predators and fans to move forward, focusing on what matters most -- putting the best possible team on the ice and creating the best possible in-arena atmosphere and entertainment experience.
"Also, while the franchise was initially known as Nashville's team because it was created here in the Music City, this transaction reinforces that theme as more than 95 percent of the ownership shares are now held by local residents."
Del Biaggio was sentenced to eight years in federal prison last September after being convicted of bilking banks as well as the owners of two NHL franchises out of more than $100 million dollars and forging documents to acquire the loans to purchase a controlling interest in the Predators.
The Predators will begin their 12th NHL season in the re-christened Bridgestone Arena on October 9.
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The NFL preseason is approaching. Time for players, coaches and teams to turn over a new leaf. General managers have hired some new coaches, while coaches have added some offensive and defensive assistants to try and improve things. Here’s a look at some changes to look for in the preseason.
New York Jets: The Jets were one of the surprise teams in the NFL last season, making the playoffs under hard-driving first-year coach Eric Mangini. Mangini rebuilt the offensive line with rookies D'Brickashaw Ferguson (the No. 4 pick in the 2007 Draft) and Ohio State center (the 29th pick in the first round). This season he upgraded the defense with rookie linebacker David Harris (Michigan) while the secondary picked up a much needed top-notch corner in Pitt CB Darrelle Revis (No. 14 overall).
The Jets have added balance to the offense for QB Chad Pennington with RB Thomas Jones, essentially stolen from the Bears. He will upgrade a New York ground game that was 20th in rushing with a weak 3.5 yards per carry. They have their first true feature back since Curtis Martin. Offensive coordinator Brian Schottenheimer prefers ball control, like his father Marty. In preseason, behind Pennington you’ll see second-year QB Kellen Clemens and mobile newcomer QB Marques Tuiasosopo.
Jacksonville Jaguars: The heat is on Jack Del Rio in Jacksonville as the Jaguars flopped last season despite a ton of talent. Keep in mind that under Del Rio the Jaguars have been outstanding in preseason with a 12-4 SU, 11-5 ATS August mark. online football betting Their defense is loaded, it’s the offense that has been stuck in first gear the last few years.
Enter a new offensive coordinator in Dirk Koetter, the former Boise State and Arizona State pass-happy coach. He will try and upgrade a passing game that ranked 24th last season. Del Rio has criticized wide receivers and Matt Jones this summer, both of whom have battled injuries. It will be interesting to watch the “new” Jaguars passing game in preseason.
Arizona Cardinals: Word out of Arizona is that the players like new coach Ken Whisenhunt, who was the Steelers offensive coordinator last year. We think of Arizona as all-passing because their running game has been awful of late because of a poor offensive line. However, keep an eye on the running game in preseason as they’ve made a lot of changes.
The new coach brings in Russ Grimm to coach the offensive line (Grimm did a marvelous job building the Steelers line). They took Penn State OT Levi Jones in the first round and signed two offensive linemen, Mike Gandy and Al Johnson, to provide depth. Reggie Wells was moved from right tackle to left guard and they want more speed out of the offensive line for pulling and traps, a Pittsburgh staple under Bill Cowher.
Atlanta Falcons: While all the attention has been focused on QB Mike Vick’s off-field problems, new coach Bobby Petrino is revamping the Falcons from an all-running team to a more balanced one. Petrino likes the experience of backup QB Joey Harrington and he has veteran backup Chris Redman, who used to play for Petrino at Louisville and knows his offenses better than anyone. Petrino wants Vick to be more of a pocket passer.
The addition of FB Ovie Mughelli is a sign Petrino wants a power rushing attack behind a physical fullback and newcomer WR Joe Horn should upgrade what was a below average wideout corps. Petrino is changing their old zone-blocking scheme to a more traditional in-line blocking scheme and the offensive line is bigger. Rookie DE Jamaal Anderson was grabbed in the first round and the secondary got younger with former Auburn cornerback David Irons, who the Falcons think was a steal as a sixth-round pick.
Cleveland Browns: The 2007 Browns look like a double-edged sword. There was the excitement of the offseason, trading for RB Jamel Lewis, upgrading the offensive line with Wisconsin’s Joe Thomas (the No. 2 pick in the draft) and free agent LG Eric Steinbach, then trading for Notre Dame QB Brady Quinn when he fell to No. 22. GM Phil Savage and head coach Romeo Crennel feel they have a talented, balanced offense with these new pieces, plus TE >Kellen Winslow and WR Braylon Edwards.
However, were these moves made in desperation? And were they foolish ones? The Browns gave up their 2008 first-round pick for Quinn and we all know QBs take time to develop. And even first-round QBs can be busts (Joey Harrington, Akili Smith). We also don’t know if the offensive line is that much improved (31st in rushing in 2007) and they did nothing to improve a defense that was awful against the run (142 yds pg allowed).
The Browns have a new offensive coordinator in Rob Chudzinski. This is a young offense and Quinn looked tentative, indecisive and inaccurate early in camp. Crennel will play Charlie Frye, Quinn and Derek Anderson in preseason. And there is a mixed bag for rookie QBs receiving significant starts: Tim Couch (14), Kerry Collins (13), Ben Roethlisberger (13), Vince Young (13), Joey Harrington (12), Matt Leinart (11) and Kyle Boller (nine). While all the focus will be on the Browns new-look offense, I’m more concerned with the defense.
Carolina Panthers: Coach Jon Fox loves the ground game, but Carolina has made some interesting changes for 2007. Fox fired offensive coordinator Dan Henning and brings in Jeff Davidson to run the offense. Davidson has brought in zone-blocking schemes to the Panther offense, a dramatic change for a system that's been built around a power-running style.
In zone-blocking, offensive linemen are responsible for blocking any defender who appears in their zone, instead of focusing on one defender. The Broncos and Falcons have had success with the system, which features smaller, more athletic offensive linemen and can create running lanes on the inside and outside. Keep an eye in preseason on how Carolina adjusts as it will take time to learn the system. Fox has been one of the top coaches in preseason, with a 15-5 SU, 12-7-1 ATS August record.
Dallas Cowboys: WR Terrell Owens is still here, but QB Drew Bledsoe and Bill Parcells are gone. New head coach Wade Phillips takes over, replacing Parcells. He ran the Chargers defense last season. Phillips was chosen by teary-eyed owner Jerry Jones partly because he is one of the best 3-4 coaches in football and the Cowboys have loaded up on players for that scheme.
Remember that Phillips was blitz-happy with the Chargers last season and early reports out of the Dallas camp have mentioned how the Cowboys have been blitzing a lot, a departure from Parcells. The theme of the 2007 Dallas defense appears to be one of attack.
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Numerous College Basketball teams take final big step to March Madness betting
So, what turned on the lock spigot? Well, after what felt like weeks of teams treading water and slipping back into the bubble muck, a bunch of them finally decided to say "to heck with parity" and won games that should put them into the Big Dance.
Disagree with some of these? Then here's the challenge. Take all of the "should be ins" and make a legit case that each should be ahead of the team that's a lock. Then find 10 more teams that also should be placed in the bracket ahead of that lock team. Not so easy, is it?
If you want more evidence that these locks should be good to go, check out what our research department dug up. Since the NCAA Tournament went to 64 teams in 1985, only six teams from a "big six" conference have had a record of 10-6 or better in conference play and not been selected: Colorado (2004) and Nebraska (1999) from the Big 12, Boston College and Seton Hall (both 2003) from the Big East, Indiana (2005) from the Big Ten and UCLA, which somehow went 12-6 in the Pac-10 in 1988 and still missed out. (Note: Five teams went 11-7 and didn't get in, the latest being last season's Stanford team, which had a brutal nonconference run.)
Yes, 10 conference wins doesn't always mean what it used to because of unbalanced schedules, but this season, it should be plenty good in all but the extreme cases (see: Iowa).
In a way, this is a welcome development, because this is a bubble watch, not a lock watch. We can finally be done with teams like Maryland and Virginia Tech and start really bearing down on at-large battles such as Syracuse-West Virginia and Appalachian State-Georgia Tech.
Interestingly, all the shifting of teams into lock status appears to be more administrative than impactful. The number of remaining available at-larges didn't change one iota. The only difference is that teams on the bubble now have a clearer idea of which team(s) they are competing with for those precious bids.
| The Bubble Breakdown | |||
| CONFERENCE | LOCKS | SHOULD BE INS | AT-LARGES TAKEN (assuming no auto bid outlier) |
| ACC Betting Odds | 6 | 0 | 5 |
| Big East Betting Odds | 5 | 0 | 4 |
| Big Ten Betting Odds | 2 | 2 | 3 |
| Big 12 Betting Odds | 3 | 0 | 2 |
| Pac-10 Betting Odds | 5 | 1 | 5 |
| SEC Betting Odds | 4 | 0 | 3 |
| MVC Betting Odds | 1 | 1 | 1 |
| MWC Betting Odds | 2 | 1 | 2 |
| TOTAL | 28 | 5 | 25 |
As always, I've tried to be as inclusive as possible while only including teams that would have a reasonable chance of at least being discussed if this were Selection Sunday. If your team's not on here, there's probably a good reason (or three) -- start with the RPI and SOS numbers and work your way down.
(Please remember, per selection committee criteria, that records displayed are Division I only. Next update: Feb. 28)
If you have a legitimate grievance, or just like talking bubble, send an e-mail. Polite ones with fact-based arguments have a much better chance of receiving a response. I apologize in advance if I can't get back to all of you.
Atlantic Coast Conference
Work left to do: Clemson, Florida State, Georgia Tech
The ACC moves to six locks as BC, Va Tech and Virginia all got their 10th ACC wins, which should be more than enough this season, and Maryland rallied past North Carolina to get the final piece the Terps needed. After that? It could end there unless FSU, Ga Tech or Clemson picks things up in a hurry.
Work left to do:
Clemson [19-9 (5-9), RPI: 41, SOS: 42] The Tigers are closer to locking up the collapse of the year award (in a good battle with OK State) than they are to grabbing an at-large. Clemson's been very competitive, but there's no really positive way you can spin nine losses in 11 games. They now cannot get to .500 in ACC play and still must head to Virginia Tech in the season finale (after hosting Miami). Unless the Tigers win both and/or do some serious work in the ACC tourney, they very well could be left out. There are no great nonconference wins, but ODU, App State, Miss. State, South Carolina and Georgia are all respectable W's.
Florida State [18-11 (6-9), RPI: 48, SOS: 14] The Noles got thrashed at Maryland to run their losing streak to five, but then pounded NC State at home to set the table for what likely is an elimination game at Miami. You can at least make a case for the Seminoles at 7-9 in ACC play (and some work in the ACC tourney), but 6-10 is not going to cut it. Wins at Duke and over Florida will resonate, but the computer numbers remain questionable. Beyond Florida, FSU thrashed bubble buddy Providence, but there's not a ton beyond those two games that will help. They didn't show well in big-time opportunities against Pitt and Wisconsin (before the Florida win).
Georgia Tech [18-10 (6-8), RPI: 51, SOS: 46] The Jackets beat Wake on Wednesday but couldn't get it done at UVa on Saturday, which could be a crucial loss with UNC and BC (both at home) remaining and 8-8 almost a certain need for at-large consideration. A nonconference win over Memphis helps, but the RPI and SOS are not at-large quality right now; if you combine those with a sub-.500 ACC mark, that could spell NIT for GT.
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