Global Spectrum, the newly-approved manager of XL Center, has reached a multi-year deal to keep AHL hockey in downtown Hartford.
Gov. Dannel P. Malloy announced the deal today — a three-year contract with two, one-year extensions — between Global Spectrum and the Madison Square Garden Co., owner of the New York Rangers and its AHL affiliate in Hartford, now named the Connecticut Whale.
See the full text of the press release here.
The contract still needs final approval from the Capital Region Development Authority, which is expected Mar. 21.
Michael W. Freimuth, executive director of the CRDA, said he could not release the 5-page contract until it has been formally approved by the CRDA’s board.
But he outlined for me some of the key provisions:
- MSG runs the team and is responsible for salaries, uniforms, equipment, travel and other expenses.
- Global runs the building, selling tickets and merchandise and operating premium seating. It also is responsible for the upkeep of the arena and locker rooms.
- Global pays MSG an annual affiliate fee of $1.4 million.
- Global pays the fee from the revenues it collects.
Read more about the deal here.
Read my profile of Global Spectrum’s Frank E. Russo, Jr., who once managed the former Hartford Civic Center.
Check out my story on the challenges ahead for the XL Center building.