Comments on Let There Be Light(house): A New (Sub) Lease on Life

Nick just to clarify the % thing. When SMG was rak...

2009-12-27T01:26:56.226-05:00

Nick just to clarify the % thing. When SMG was raking in 40% of single season ticket sales from the Isles, the Republicans were probably siphoning off a lower percentage of the Isles ticket proceeds to pay off each other (as Nassau county was getting 50% of single season ticket sales from the Isles). Also, SMG was likely bribing these Republican crooks as well. However, as the SMG can't bribe these crooks as much as they're used to due to the current sublease agreement, the crooks can siphon off a higher percentage os the Isles ticket sales that Nassau County receives to make up for the difference. A shortfall of 500000 probably wouldn't be a big deal, compared to tens of millions they could be losing by the Isles leaving before 2015.

Hi Nick, I initially believed that Wang wanted to ...

2009-12-27T01:21:20.687-05:00

Hi Nick, I initially believed that Wang wanted to tell Republicans to **** off because the current sublease agreement hammered out by Suozzi does not involve TOH and have greatly angered the Republicans. Would they really get upset if they lose 500000 a year from the Islanders home games based on the % they use to bribe each other? Or will they get upset if those ticket proceeds disappear altogether by the Isles leaving before 2015? Also this sublease did not involve TOH, which is controlled by Republicans

I will give you the following link:
http://www.newsday.com/long-island/politics/deal-removes-one-barrier-to-islanders-leaving-li-1.1672135

You can verify if this story is true.

Anon - please see the above answer directed to Pet...

2009-12-26T15:39:38.751-05:00

Anon - please see the above answer directed to Pete. I'm not sure about that, and given the holiday there is no chance of reaching anyone at the County until at least Monday.

Jae - interesting perspective...what leads you to believe that?

Nice write up Nick! Can you please clarify if this...

2009-12-24T22:14:13.797-05:00

Nice write up Nick! Can you please clarify if this move would generate additional revenue for Wang for ALL Coliseum events, not just Isle games?

Hopefully the latest development means that Wang i...

2009-12-24T20:18:14.445-05:00

Hopefully the latest development means that Wang is telling TOH and Ed Mangano to **** off and leave Nassau county altogether

Shame on Mangano..Instead of congratulating Wang f...

2009-12-24T17:57:13.331-05:00

Shame on Mangano..Instead of congratulating Wang for getting the Isles franchise out from under that crippling lease with SMG so he can possibly make some friggen money and possibly keep the team here he condemns the move..This is a good thing and Mangano looks like a selfish jack off, imho

Oh and Newsday will report this after they read it...

2009-12-24T17:51:51.564-05:00

Oh and Newsday will report this after they read it and steal it from your piece

I think this will definitely help them in this str...

2009-12-24T16:17:36.841-05:00

I think this will definitely help them in this struggle, and I know I seriously appreciate Suozzi doing it.

and mikey up there seems to have a pretty good gra...

2009-12-24T16:16:51.731-05:00

and mikey up there seems to have a pretty good grasp on the overall.

i know almost nothing of lease agreements and rela...

2009-12-24T16:13:37.487-05:00

i know almost nothing of lease agreements and related issues and i'm still perplexed about a couple of things. i'm also hesitant to take any of the parties in this completely at their word and wondering about what we don't know, which obviously is a lot. but it does seem like you did a pretty good job of sorting this out nick, so thanks for that. i'm one of those on the brooklyn bandwagon for some time now, and mostly for selfish reasons i admit, but i honestly feel it's a great idea for a lot of reasons. at the same time part of me has always hoped the team will stay where it is. at this point no outcome would shock me. i assume people on the nay side are trying to get a grip on all this presently and will come up with a move or moves of their own. it really is the homestretch now and as you note, there clearly is no done deal yet. in fact, a lot can happen on the homestretch, and i suppose this could still get a lot nastier than it's been before it's done.

Thanks for the info - this really helps clear thin...

2009-12-24T15:09:01.900-05:00

Thanks for the info - this really helps clear things up. hopefully this can impact the isles sign a good FA or two.

Mikey - there does seem to be a level of dislike t...

2009-12-24T14:11:55.353-05:00

Mikey - there does seem to be a level of dislike there. I hope they can work with the new administration - and maybe let Rechler take the lead, since everyone at TOH respects him.

I didn't reach the same conclusion, but it's a potential other perspective.

Jae - I don't think so. Suozzi talks about a disincentive to move, and I think this sub-lease is simply an agreement between 2 parties under the larger lease, which still runs through 2015.

DOes this this sublease agreement between Isles an...

2009-12-24T14:10:45.209-05:00

DOes this this sublease agreement between Isles and SMG allow the Isles to get out of the NVMC before 2015?

I think this is just an effort by Charles to impro...

2009-12-24T14:06:22.093-05:00

I think this is just an effort by Charles to improve his bargaining power in negotiations with Prokhorov. It definitely makes the team more attractive to Proky until Barclay's is ready and could increase Charles's asking price. I do not see how a major development project can happen at that site with Charles in charge. It is clear that the TOH and GOP leadership hate his guts, and I think the feeling is mutual. The Mondello mafia wants their boys in charge, and there's nothing Charles can do to change that (unless he wants to grease their palms).

Pete, I genuinely don't know that. A few poli...

2009-12-24T14:06:20.157-05:00

Pete, I genuinely don't know that. A few politically-connected friends are trying to get more information, but you and I both know there won't be anything until after the Christmas holiday.

Does this mean Wang and the LHP have full control ...

2009-12-24T13:55:40.836-05:00

Does this mean Wang and the LHP have full control of the Coliseum now? as in what events go on there as well. They could have plenty of leverage if all those expos, concerts, Warped Tour, and the Circus, that bring revenue to the town and county are say not allowed there? Seems to be they could be saying, Oh you don't want the LHP? thats fine, take your kids and yourselves to Atlantic Yards for some entertainment. Is this possible?

-Pete (@mywakinglife)

Oh, would you look at that? Someone who actually m...

2009-12-24T13:55:02.149-05:00

Oh, would you look at that? Someone who actually made sense of the whole situation, certainly better than Newsday, and I realize their job is to report and not speculate, but giving an inkling to what it could mean for the Isles' future would've been nice.

Just wanted to say thank you to guys like yourself...

2009-12-24T13:43:54.820-05:00

Just wanted to say thank you to guys like yourself and BD Gallof for staying on top of this issue. Newsday leaves a lot to be desired and as an Islanders fan living in northern Westchester I have been given no recourse but to scour the Internet for any and all Islanders new arena news. Thanks for stating things clearly so that even the layman when it comes to politics and finances can understand.

@GreenLanternJet (on Twitter)