To understand the Detroit Red Wings, you first have to understand the plight of Atlantic City, New Jersey.
The New Jersey resort town could see three of its 12 casinos close by Labor Day, according to analysts, having watched revenues fall by close to $2.5 billion since 2006. The main culprit: Competition in surrounding areas, as casinos have opened in Pennsylvania, Maryland and New York, as well as the siren’s song of online wagering.
Atlantic City believed it always had the advantage. It had nostalgia on the boardwalk. It had tradition on the beach. It was, in many ways, the only game in town.
"The game has changed. Players can go wherever they want."
That was Red Wings general manager Ken Holland on Tuesday, lamenting the fact that his team whiffed on every major free agent to whom it pitched. Dan Boyle, their prime target, took less money to sign for two years with the New York Rangers. Matt Niskanen, to whom they were willing to give seven years and a reported $38.5 million,Read More »from Why do the Red Wings repulse free agents?