New Jersey
Summer Synopsis: New Jersey Devils
Last season was something of a dream for the New Jersey Devils and their fans. Almost immediately after the Devils began play, chants calling for the firing of head coach Lindy Ruff rained down at the Prudential Center. The Devils began the season 0-2, and after years of rebuilding many fans felt a new coach in charge would be necessary to finally lift the club out of the doldrums of their rebuild.
By the end of the regular season, though, such a change proved unneeded. Ruff guided the Devils to a 52-22-8 record, registering the third-most standings points in the entire NHL. He oversaw breakout performances for numerous young Devils, including face of the franchise Jack Hughes (99 points) captain Nico Hischier (80 points, runner-up for the Selke Trophy), and sophomore Dawson Mercer (27 goals, 56 points).
The Devils now look like an up-and-coming juggernaut franchise, a club loaded with high-end youngsters and valuable veteran talent. Despite it being the first playoff run for many of the Devils’ players, the team even showcased some playoff poise, coming back from a 2-0 series deficit to eliminate their arch-rival New York Rangers in a Game Seven. The time is now for New Jersey to join the ranks of the NHL’s elite, and their offseason reflected such lofty ambitions.
Draft
2-58: F Lenni Hämeenaho, Pori (Liiga)
4-122: F Cam Squires, Cape Breton (QMJHL)
5-154: D Chase Cheslock, Omaha (USHL)
6-164: F Cole Brown, Hamilton (OHL)
6-186: D Daniil Karpovich, D, Yekaterinburg (MHL)
As a result of the Devils’ aggressiveness in acquiring NHL-ready talent this past season (namely with their addition of Timo Meier from the San Jose Sharks) the team was left without a first-round pick for the first time since 2013. That’s not exactly an issue for New Jersey, though, as the team made five first-round selections between the 2020 and 2021 drafts and made the second overall pick at the 2022 draft. The Devils were due for a leaner draft class, though that’s not to say they left this year’s exercise in Nashville empty-handed
Hämeenaho was a shrewd pick late in the second round. For the Devils to be able to compete on a consistent basis with their core locked into expensive deals, they’ll need their front office and development staff to deliver a consistent pipeline of NHL talent available on entry-level contracts. Hämeenaho isn’t regarded as a high-upside dice roll, instead widely considered a safe bet to have a long professional career.
The versatile forward scored an impressive 21 points in full-time duty playing for Ässät in the Finnish Liiga, holding his own against pro players in one of the best leagues outside the NHL. After another season spent overseas in Pori, Hämeenaho could become one of the players outside the 2023 first round who most quickly earns his first NHL game.
In the middle rounds, the Devils took a point-per-game major junior forward in Squires and a toolsy right-shot defensive project in Cheslock, both reasonable picks in those middle rounds. In the sixth round, the Devils reached back into the CHL to grab Brown, who scored 42 points for the Hamilton Bulldogs last season, as well as Karpovich, a rangy Russian blueliner.
Trade Acquisitions
F Tyler Toffoli (from Calgary)
D Colin Miller (from Dallas)
F Shane Bowers (from Boston)
The big-name addition here is that of Toffoli, acquired from the Calgary Flames for the reasonable price of a third-round pick and Yegor Sharangovich. Toffoli, 31, has one year left on his deal at an affordable $4.25MM cap hit and should be an instant impact player for the Devils.
A 2014 Stanley Cup champion, Toffoli not only offers strong offensive production to the Devils (34 goals, 73 points last season) he also has a wealth of playoff experience to draw on to help guide this young Devils team.
Although Toffoli’s lackluster skating may make it difficult for him to keep up in the Devils’ high-flying offensive attack, he remains one of the league’s more lethal finishers and smarter offensive creators. He’s likely to land on a scoring line centered by either Hughes or Hischier, and if that ends up happening he stands a strong chance to repeat last season’s career-best performance.
Miller is a lower-profile addition but a solid one nonetheless by Devils GM Tom Fitzgerald. Miller was the Dallas Stars’ number-five defenseman last season, averaging 16:46 TOI per game. He didn’t factor into the mix on special teams as he’s done at times earlier in his career, and this average ice time was Miller’s lowest since his first two seasons in the NHL. That being said, even though Miller isn’t the same defenseman anymore that scored 41 points as a member of the Vegas Golden Knights, he can still capably endure regular NHL minutes and he’ll provide depth to the right side of the Devils’ blueline.
While the Devils are undoubtedly hoping that 2022 second overall pick Šimon Nemec will make a push for a spot in Ruff’s opening-night lineup, their addition of Miller means Nemec will have to outplay an experienced NHL blueliner in order to win a job.
Key UFA Signings
F Tomáš Nosek (one year, $1MM)
D Cal Foote (one year, $800k)*
F Chris Tierney (one year, $775k)*
F Justin Dowling (two years, $1.55MM)*
G Erik Källgren (one year, $775k)*
F Kyle Criscuolo (one year, $775k)*
*-denotes two-way contract
The Devils spent most of their available cap space this summer on re-signing their star restricted free agents as well as adding more expensive players via trade. This thinned out Fitzgerald’s wallet when it came time to shop for UFAs, and the result is a collection of Devils signings meant to bolster the organization’s depth rather than radically alter their competitive chances.
As the headline signing of this batch of UFA additions, Nosek might not drive up ticket sales, but he will help contribute to winning hockey. He centered the fourth line of a record-setting Boston Bruins team, and plays a reliable, consistent two-way game. He was a regular face on the NHL’s best short-handed unit for the Bruins, and scored a career-high 18 points in 66 games.
Perhaps most impressively, the team employing Nosek as a full-time player has never missed the playoffs so far in his professional career, even dating back to Nosek’s days in the Czech league.
He has 52 NHL postseason contests on his resume, including a run to the Stanley Cup Final in 2018 and a stellar Calder Cup championship run in 2017.
Despite his relatively modest box score number, Nosek is a highly respectable player and someone who can easily provide surplus value on a $1MM one-year investment. With Nosek added to a center corps that already boasts Hughes, Hischier, Erik Haula, and Michael McLeod, one could argue that the Devils have the most talented and deepest set of centers in the entire NHL.
Beyond Nosek, the rest of the signings are more meant to improve the Devils’ overall depth than directly impact the NHL roster. Foote is a former top prospect who will compete with Kevin Bahl for the third-pairing left-shot defensive job, Tierney is an experienced pivot who will look to claim a regular bottom-six role at training camp, and Källgren is a well-traveled netminder who is likely to split time with Nico Daws in the AHL.
Key RFA Re-Signings
F Timo Meier (eight years, $70.4MM)
F Jesper Bratt (eight years, $63MM)
D Kevin Bahl (two years, $4.1MM)
The extensions of Meier and Bratt are the two most significant moves the Devils made this past summer. Meier, 26, came at an expensive price tag ($8.8MM AAV) but is one of the more coveted talents in the NHL. The Swiss international is a skilled power forward who got off to a relatively slow start in New Jersey but nonetheless finished with 66 points last season.
He’s scored 75 goals across the past two campaigns, and even though his playoff production was poor (four points in 12 games) he showed he could still make an impact for New Jersey through his physicality and aggressiveness. He’ll be an integral part of the Devils’ offensive attack for years to come.
As for Bratt, he’s coming across a second consecutive 73-point campaign. His playoff production (six points in 12 games) leaves some worry that his slender frame and more perimeter-focused game might not be as effective in the playoffs, though his star status in the regular season is undeniable. Bratt is a genuine offensive creator and at a sub-$8MM cap hit he has the potential to provide the Devils with serious surplus value for their eight-year investment.
Bahl, 23, signed a notably smaller contract than the other two, reflective of his status as more of a complementary NHL player rather than a play-driving star. He’s a big, physical defenseman who saw a more regular NHL role with the Devils as the season wore on. He’s arguably the Devils’ most fearsome defenseman when it comes to physicality, and this contract should allow him to continue establishing himself as an NHL regular in New Jersey.
Key Departures
F Yegor Sharangovich (traded to Calgary)
F Tomáš Tatar (remains a free agent)
F Miles Wood (six years, $15MM, Colorado)
D Ryan Graves (six years, $27MM, Pittsburgh)
D Damon Severson (sign-and-trade to Columbus)
D Reilly Walsh (traded to Boston)
G Mackenzie Blackwood (traded to San Jose)
The Devils lost quite a bit of veteran talent this offseason, starting with a pair of minutes-eating veteran blueliners in Severson and Graves. While the Devils are hopeful that the integration of star young defensemen such as Luke Hughes and Nemec will make up for these subtractions, losing Graves’ steady top-four minutes and Severson’s offensive production will likely hurt in the immediate term.
Up front, the biggest Devils’ loss is of Tatar, who the team replaced with the addition of Toffoli. Tatar was a capable regular-season scorer in New Jersey, and helped the team achieve the goal of exiting their rebuilding phase by reaching the playoffs. His contributions to that achievement should be lauded.
But Tatar’s longstanding issues in the playoffs (he has just 13 points in 52 career postseason contests) reintroduced themselves in the Devils’ postseason trip, likely paving the way for his exit from New Jersey.
Now that the Devils are primarily fixated on playoff success, Tatar’s unique case as a regular season contributor but playoff no-show was something team management likely could no longer accept.
So they went out and acquired a proven Stanley Cup champion and playoff contributor, leaving Tatar to potentially sign with a team in a similar position to where New Jersey was two years ago, willing to accept production exclusively in the regular season in an effort to end an extended playoff drought.
In Wood, the Devils have lost an energetic bottom-six forward and a valuable veteran leader. He’s someone the Devils would have likely preferred to keep, but the tighter cap constraints the team has been working with made it impossible for them to compete with the lucrative offer he received from the Avalanche.
In net, the Devils lost Blackwood via a trade with the Sharks, giving the goalie a fresh start in San Jose. The Devils may have still believed in the upside Blackwood at times flashed in New Jersey, but with the emergence of Vitek Vanecek and Akira Schmid it became clear that if Blackwood was going to break out at the NHL level, it likely wouldn’t be with the Devils.
Salary Cap Outlook
There’s no mistaking it, the days of the Devils being able to freely target players for future contending teams are over. The Devils have now made significant investments in a core of young players, and any surplus cap space the team still has will likely be eaten up by future extensions for Mercer, Hughes, and Nemec.
New Jersey’s cap situation does have its benefits, though, as Hughes and Hischier are likely to provide an immense amount of surplus value on their current contracts, especially as the cap goes up. Hughes’ $8MM AAV cap hit was recently matched by the Ottawa Senators’ signing of Jake Sanderson, a promising player but one with just 77 games of NHL experience. Had the Devils waited to extend Hughes, the team wouldn’t be able to lock him into a long-term deal for cheaper than $10MM AAV, at minimum.
When one considers contracts and play at both ends of the ice, Hischier’s $7.25MM cap hit through 2026-27 makes him one of the most valuable assets in hockey. He could end up a multi-time Selke Trophy winner now that Patrice Bergeron is retired, and has scored near a point-per-game rate over the past two seasons. So while the Devils are facing some tight years ahead regarding their salary cap situation, these two franchise pillars are locked into exceptionally team-friendly contracts, contracts that will only grow in surplus value as the cap rises.
Key Questions
Will the Devils get Stanley Cup-caliber goaltending?: Looking up and down their roster, one could definitely make the argument that the Devils have the strongest set of 18 starting skaters in the entire NHL. The flip side of that, though, is that one could also argue that the Devils have the weakest goaltending of any of the Eastern Conference’s playoff contenders.
A year ago, the Devils believed they were just league-average goaltending away from making the postseason, despite missing by a fair margin in 2021-22. They were right, as Vanecek’s mostly average play (great at times, poor at others) powered them to an elite season. But in the playoffs, Vanecek fell apart, and the team’s season was saved by Schmid, a rookie. That tandem is likely going to be good enough for the Devils to have another elite season. But will it be enough for the team to make a run deep into the spring and early summer?
Will the Devils’ veteran departures cost the team, or will young players step up and fill those vacated roles?: As mentioned, the Devils lost quite a bit of veteran talent this summer. In order to keep the franchise from taking a step backward in the standings, young players will need to step up and prove they can handle less sheltered roles at the NHL level. Hughes (Luke), Bahl, and Nemec will need to help compensate for the losses of Graves and Severson.
Fitzgerald recently called Alexander Holtz a future “pillar” of the franchise, the departures of Tatar and Wood give him the opportunity to prove it. They were and are each highly regarded prospects, but will they be able to translate their success at other levels of hockey to the world’s best league?
Photos courtesy of USA Today Sports Images.
New Jersey
These are the eight most ‘old-world’ towns in New Jersey, per ranking
When people think of New Jersey, “old-world” is not often the first phrase that comes to mind.
The term generally refers to a simpler, quaint lifestyle of previous centuries. For the most densely populated state in the country that is frequently associated — fairly or unfairly — with heavy traffic on busy highways, simple and quaint are usually foreign concepts.
But not all areas of New Jersey have the same makeup, as WorldAtlas.com noted in its recent list of “old-world” towns. The travel website compiled a group of eight municipalities in the Garden State described as “the living, breathing centers of America’s vibrant history,” from Revolutionary War battlegrounds to Victorian resorts along the Jersey Shore.
“Perfect for history enthusiasts and families alike,” the site stated, “these towns provide a tranquil yet enlightening retreat from the usual hustle of the Northeast’s major cities.”
Here is the WorldAtlas.com list of eight old-world towns in New Jersey, the perfect day trip destinations for local residents seeking a glimpse into times gone by.
Old-world towns in NJ (per WorldAtlas)
- Cape May: The seaside resort at the bottom tip of New Jersey boasts a layout that encourages walking, whether along the beach or the streets lined with shops and restaurants. Attractions include the Cape May Lighthouse, the World War II Lookout Tower and the Harriet Tubman Museum.
- Lambertville: The Hunterdon County spot known as “The Antiques Capital of New Jersey” features several relics of bygone eras, including a hand-dug canal, train depot, and historic homes and townhouses.
- Clinton: Another Hunterdon County locale, this town is best known for its Red Mill which now operates as a museum. Clinton’s colorful storefronts and a waterfall along the Raritan River offer beautiful views for visitors.
- Haddonfield: The Camden County borough is home to Kings Highway, named by USA TODAY as one of the top 10 main streets in the country earlier this year. It also hosts a variety of cultural and community events, including the Haddonfield Crafts and Fine Art Festival each July.
- Ocean Grove: Visitors to this Monmouth County resort town can check out the beach and boardwalk areas as well as Tent City, a collection of tent homes that date back to the town’s founding in 1869.
- Allentown: The Monmouth County borough is home to Conines Millpond, a setting featuring an 1855 mill that represents its agrarian roots. There are more than 200 homes in Allentown that are on the state and national historic registries.
- Smithville: A timely addition to the list, the Atlantic County community located within Galloway Township transforms into a winter wonderland with music, lights and seasonal treats each holiday season.
- Medford: Located in Burlington County, this township’s historic architecture and preservation of its past contributed to a population growth in the most recent census in 2020.
New Jersey
Fair Lawn man, NY associate facing civil action by NJ AG for defrauding investor
3-minute read
A Bergen County man and his New York business associate are facing a civil enforcement action filed by the New Jersey Bureau of Securities with the Division of Consumer Affairs for defrauding at least one New Jersey investor in an investment scheme tied to a job recruiting software service that they were allegedly trying to grow, according to the New Jersey Office of the Attorney General.
Michael Lakshin. of Fair Lawn, and Edward Aizman. of Brooklyn, as well as their company Bowmo, Inc. used “fraud and deception,” allegedly convincing one of Lakshin’s childhood friends to liquidate her retirement fund and invest in their start-up business venture, according to a civil complaint filed in Bergen County on Friday. They then allegedly diverted most of the funds for their own personal use including cash advances, hotel stays and purchases at car dealerships and designer stores among other expenditures.
“The defendants in this case shamelessly bankrolled their lavish lifestyles with someone else’s hard-earned retirement savings,” said Attorney General Matthew J. Platkin. “The lawsuit announced today sends a clear message that this kind of blatant exploitation of investors will not go unpunished in New Jersey.”
The complaint alleges, according to the Office of the Attorney General, that from April through August 2020, Lakshin, Aizman and Bowmo (through Lakshin and Aizman), offered and sold at least $84,681.19 of Bowmo’s securities in the form of a convertible note to at least one NJ investor.
They told the investor that the Bowmo note was an investment opportunity which would provide her a “significantly higher return” than her retirement savings. They allegedly told her that Bowmo was successful, bringing in a lot of money through its success and that she could profit by investing her funds into the company.
Lakshin also allegedly leveraged their childhood connection to convince her to invest. After learning about the investor’s retirement account, Lakshin allegedly pressured her to liquidate the account for the purpose of buying the Bowmo note.
Lakshin assured the investor that she would “realistically” be able to earn “A MUCH GREATER return,” through a series of text messages, falsely informed the investor that she should not have any taxes or penalties withheld when withdrawing funds from her account, and assured her that Bowmo would reimburse her for any taxes or penalties that would have to be paid as a result of the liquidation.
On June 25, 2020, the investor liquidated her retirement account. This liquidation included two charges and exposed her to paying taxes on the funds as she was not “rolling them over to another qualified retirement plan,” according to the Office of the Attorney General .
On July 2, 2020, the investor met with Lakshin and Aizman and signed a Bowmo subscription agreement. She wired $84,681.19 from her bank account to a Bowmo bank account controlled by Lakshin and Aizman later that month.
A Bowmo investor package provided to the investor prior to investing said that funds would be used to further develop Bowmo’s software, expand its marketing business, and make strategic hires among other business-related ventures.
Instead, the defendants allegedly transferred the funds to bank accounts held by a seperate and unrelated entity and misused the funds by diverting them for personal and non-business-related purposes.
The lawsuit seeks a court order to permanently ban Bowmo, its president and chairman Lakshin, and its founder and CEO Aizman, from issuing, offering, or selling securities in New Jersey, according to the Office of the Attorney General. It also asks the court to assess civil monetary penalties, restitution plus interest and expenses for the victim, and disgorgement of all funds and profits gained from the scheme.
According to Bureau Chief Elizabeth M. Harris, this case “serves as a sobering example of why it’s vitally important to investigate investment products, even those offered by someone you know and trust.”
She continued, “It’s also an opportunity to remind our residents that while fraudulent investment schemes come in a variety of forms, the pressure to act fast to avoid missing out on a hot investment is a universal red flag of fraud that should not be ignored. In addition to doing their due diligence before investing, we urge New Jerseyans to follow their instincts when a transaction doesn’t pass the smell test.”
Investors can obtain information about any financial professional doing business to or from New Jersey by visiting the Bureau’s website at www.NJSecurities.gov, or calling the Bureau within New Jersey at 1-866-446-8378 or from outside New Jersey at 973-504-3600.
New Jersey
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