When Peter Karmanos talks about finding a minority investor in the Carolina Hurricanes, the first reaction of many fans is to worry about the team moving somewhere else. This is natural, considering Karmanos moved the Hartford Whalers here three years after buying the franchise.
Between the team’s lease at the RBC Center, the growing Triangle market and the way the NHL would fight to keep one of its Sun Belt success stories in place, among other reasons, Karmanos on Wednesday categorically ruled out a move.
Above all else, that’s reassuring to hear. It isn’t the first time Karmanos has said so, but this is also the first time he is seriously soliciting buyers.
Even if the team is here for good, though, it’s fair to ask how good the team will be. The pressure to make the money-losing team as attractive a proposition as possible may consign it to payroll purgatory at the bottom of the NHL’s salary-cap range.