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SPORTSCHANNEL LOOKING TO REDO ISLES MONEY MAKING DEAL?
Published December 12, 1995
SportsChannel New York is "negotiating a possible restructuring" of its $12M a year deal with the Islanders, according to Steve Zipay of NEWSDAY. The deal, signed for '82 through 2012, is "by far the most lucrative in the NHL." SportsChannel is reportedly seeking a reduction in the rights fee of several million dollars a year, or other concessions, "in exchange for an extension and other considerations." SportsChannel execs declined to comment. Zipay writes the team's play is "a factor" (7-18-3 thus far), while the new logo and former GM Don Maloney are both "widely scorned." Attendance is also down "sharply" with just over 8,000 fans attending a game against the Penguins last week. Some observers believe an extension might make the team more "appealing to prospective buyers, although the Coliseum needs renovations as well." Sources deny Islanders Majority Owner John Pickett, currently ill in Florida, "prompted" the request for restructuring (NEWSDAY, 12/12).