So does this apply for next year or is it immediately implemented?
Next year. There may be conditions on the sale that it only takes effect after the season to avoid complicating things, but the important thing to note is our affiliate agreement with Chicago is still in effect for the rest of this season.
This does seem like an actual purchase of the team rather than just changing affiliates, since the St Louis Blues actually owned Peoria to this point. They were looking at cutting costs (they aren't a very profitable franchise compared to others and the AHL team doesn't make them any money) and selling the Rivermen was a good way to do it.
Hopefully this is a precursor to the Heat moving and then the Rivermen moving up to Abby. Even if it isn't, this should be a much better move for our prospects to be managed and developed properly.
Edited by elvis15, 29 March 2013 - 10:07 PM.