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Jeff Vinik,[url=http://www.mapleleafshockeyshop.com/adidas-james-van-riemsdyk-jersey]Authentic James Van Riemsdyk jersey[/url], owner of the Tampa Bay Lightning, announces his investment in the Tampa Bay Times

The owner of the Tampa Bay Lightning ice hockey team announced Friday that he is one of the four anonymous lenders who helped refinance the Tampa Bay Times.

"The Times is a critical local institution and a voice for our community,[url=http://www.canuckshockeyshop.com/adidas-ryan-miller-jersey]Authentic Ryan Miller jersey[/url], I believe that it is important to have a strong, locally owned and operated newspaper," Jeff Vinik told the Times in a statement. "As Tampa Bay continues to grow and emerge as one of the most significant metropolitan areas in the southeast, with the resources necessary to retain its independent voice and place as one of the nation's best."

The Times, which Poynter owns, the chairman and CEO of the Tampa Bay Times Co. Under the title "FBN Partners," a group of eight lenders loaned the newspaper company $12 million. The move was an effort to refinance an outstanding $18 million loan from Crystal Financial," named after the Times' longtime slogan "Florida's Best Newspaper, announced the refinancing June 30 in an article by Paul Tash, a Boston-based firm.

Four of the lenders chose to remain anonymous — a departure from business as usual at the Times, Poynter previously reported.

"Each investor had a choice. I encouraged all of them to be forthcoming — even beyond their own comfort, sometimes — which is how we wound up with the four of us," Tash told Poynter at the time. "But these are not people who seek public attention or credit for what they're doing. And some of their reticence is modesty."

Vinik, is also the owner of the Tampa Bay Storm — an Arena Football League team — and a minority owner of the Boston Red Sox. In 2013, who has owned the Lightning since 2010, the Times reported the hockey baron's net worth to be around half a billion dollars.

The three other anonymous lenders have yet to be named. The public lenders include philanthropists Frank and Carol Morsani, part owner of the Washington Redskins. Tash and his wife,[url=http://www.lightningofficialhockey.com/adidas-nikita-kucherov-jersey]adidas Nikita Kucherov jersey[/url],[url=http://www.mapleleafshockeyshop.com/adidas-auston-matthews-jersey]Authentic Auston Matthews jersey[/url], Karyn, developer Ted Couch and Robert Rothman,[url=http://www.canuckshockeyshop.com/adidas-daniel-sedin-jersey]Authentic Daniel Sedin jersey[/url], also contributed to the loan.

In addition to the contribution from FBN Partners, which was secured using Poynter's assets as collateral. The newspaper company has not yet used the full amount, the Times received a loan from Encina Business Credit of Chicago for up to $20 million, Poynter previously reported.

Lightning re-sign Ondrej Palat to a 5-year, $26.5 million extension

The Tampa Bay Lightning have re-signed left winger Ondrej Palat to a five-year, according to Elliotte Friedman. The deal comes out to a $5.3 million AVV over the next five seasons, $26.5 million contract extension, with Arizona Sports reporter Craig Morgan? confirming the salary breakdown.

The Lightning themselves then confirmed the deal less than an hour after the reports broke.

Palat was a restricted free agent and was one of the last big signings needed for general manager Steve Yzerman this offseason. The 26-year-old forward will now be signed into his early 30s, as his new contract will end after the 2021-22 season.

Last season, good enough for fourth on the team overall. In Palat’s first full season in the NHL, Palat put up 52 points in 75 games, the forward put up 59 points in 81 games in the 2013-14 season to snag a nomination for the Calder Trophy.

The left winger is one-third of the Lightning’s famous “Triplets” line, $35 million deal that averages out to $5 million per year. With the pair of signings, the Lightning now have a projected cap space of $3.25 million, which includes forwards Tyler Johnson and Nikita Kucherov. Johnson was recently signed to a seven-year, according to Cap Friendly.

Sinking $10.3 million per season into both Johnson and Palat for the foreseeable future is likely the reason Jonathan Drouin was dealt to Montreal earlier in the offseason. The Lightning are stacked with talented forwards that clearly command and deserve a chunk of salary, and Yzerman was going to have to make a move somewhere.

The deal also allows the Lightning to avoid salary arbitration with Palat,[url=http://www.mapleleafshockeyshop.com/adidas-james-van-riemsdyk-jersey]adidas James Van Riemsdyk jersey[/url],[url=http://www.mapleleafshockeyshop.com/adidas-auston-matthews-jersey]adidas Auston Matthews jersey[/url],[url=http://www.canuckshockeyshop.com/adidas-daniel-sedin-jersey]adidas Daniel Sedin jersey[/url],[url=http://www.canuckshockeyshop.com/adidas-ryan-miller-jersey]adidas Ryan Miller jersey[/url],[url=http://www.lightningofficialhockey.com/adidas-nikita-kucherov-jersey]Authentic Nikita Kucherov jersey[/url], which would have been scheduled for later this month.
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