Kukla's Korner Hockey
One Final Payment For Mario
by Paul on 10/19/07 at 12:41 AM ET
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from the Pittsburgh Post-Gazette,
The Penguins have settled with the final creditor from their bankruptcy of the late 1990s.
He also happens to be the most celebrated player in franchise history and one of the team’s primary owners.
Mario Lemieux, who was owed $32 million in deferred compensation on the contract in effect when he retired as a player in 1997, will receive $21 million in the wake of a periodic refinancing of the team’s debt earlier this week.
Filed in: NHL Teams, Pittsburgh Penguins, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Tags: Mario+Lemieux, pittsburgh+penguins,
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