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Report: New Jersey Devils owner Jeff Vanderbeek looks to sell team

Lou Lamoriello, Ilya Kovalchuk,  Jeff Vanderbeek,

New Jersey Devils general manager Lou Lamoriello, left, and star forward Ilya Kovalchuk, right, share a laugh Tuesday, July 20, 2010, with owner Jeff Vanderbeek, during a news conference in Newark, N.J. Kovalchuk is staying with the Devils after agreeing to a staggering 17-year, $102 million deal with the team. (AP Photo/ Mel Evans)


Few expected the New Jersey Devils to flop this badly in 2010-11. Perhaps the lost season hurt team owner Jeff Vanderbeek the most, because Michele Steele of Bloomberg TV reports that the team could be up for sale.

If the report is true, it certainly wouldn’t be an example of selling high. After years of being an elite team in the NHL - even if they rarely played captivating hockey - the Devils have been miserable this season.

Maybe Vanderbeek simply cannot accept the idea of signing Ilya Kovalchuk’s checks for the next decade-plus. Perhaps the team isn’t a box office smash at the Prudential Center in Newark. Whatever the case may be, we’ll keep you updated to see if this rumor gets squashed or if the hunt to find a new owner picks up.