Norfolk Admirals Hockey Agreement

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Norfolk Admirals Hockey Agreement Presented to City Council Tuesday November 10, 2015 Background • The Norfolk Admirals played in the ECHL from 1989-1996 under Blake Cullen. • Blake sold the team to Mark Garcea and Paige Johnson in 1996. They continued to operate the team in the ECHL until 2000. • In 2000 Garcea and Johnson operated the team in the American Hockey League (AHL) until selling the team to Ken Young in 2004. • Ken Young has operated the team in the AHL through last season. • The team has been affiliated with the Chicago Blackhawks, Tampa Bay Lightning and the Anaheim Mighty Ducks while in the AHL. Current Status • Because of a desire of the parent NHL teams to have their AHL affiliates closer to the NHL cities several east coast based AHL clubs were sold and moved to the west coast, Norfolk among them. • In order to continue to have hockey in Norfolk the City struck a deal with the Edmonton Oilers of the NHL to move their ECHL franchise here to Norfolk. • Ken Young will continue to operate the club for Edmonton but Edmonton owns the franchise. Contract Terms • The agreement between Edmonton and the City of Norfolk is nearly identical to the previous AHL agreement. • The deal points are essentially the same as the previous agreement. (Only change was raising the sharing split point from $2.7 mil to $2.725 mil). • The term is for three years (2015-2018) with three one year extensions available. • The Oilers are very happy to be in Norfolk and have been great to work with thus far..

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