MSG Unit Spins Off, Zherdev Hearing TodayJuly 31, 2009, by
Sorry for the lack of updates yesterday, I was running around all day and didn’t have a change to put up a post.
In what should have been an expected move, Cablevision spun off the MSG Unit into its own entity. James Dolan will still be in charge of this unit, so no “reprieve” there. I put reprieve in quotes, because you really have to be careful what you wish for (see post below for details). This doesn’t mean much for the Rangers, it’s just a re-arrangement of the businesses themselves. I don’t know if there’s going to be a stock offering on the MSG Unit, I doubt it though.
Wow I ran off topic.
Anyway, the moral of the story here is that it doesn’t affect the Rangers at all.
Today is the long-awaited Nikolai Zherdev arbitration hearing. By the end of the day we should know what the Rangers will do with Zherdev. My guess, he gets awarded $3.85 million, the Rangers accept. As for the next step, I believe Zherdev will accept too, and Zherdev will at least be given a shot to prove his worth. I wouldn’t be surprised to see Zherdev involved in a deadline deal somewhere.
Oh, and for all of you wanting the 39 year old Sergei Zubov back in blue, sorry, but he signed with the KHL.