A Carolina Hurricanes blog with occasional news about the rest of the NHL.

Thursday, September 27, 2007

Jason Karmanos resignation

On Thursday, the big news in Raleigh was that Vice President and assistant GM Jason Karmanos resigned from his post. He cited "personal reasons" for his departure. The youngest son of Hurricanes owner Pete Karmanos had held that position since 1998. In addition to assisting Jim Rutherford with player contracts and things of that nature, he oversaw the operations of both the Albany River Rats of the AHL and the Florida Everblades of the ECHL.

Many rumors have started spreading that Karmanos bailed from a sinking ship; that his departure signals a forthcoming sale of the team. A lot of people have started to drink the kool-aid on that one. I just don't see that.

In addition to his Hurricanes duties, Karmanos is an investment banker. Perhaps he wants to pursue that a little more.

Since he cited "personal" reasons, maybe he wants to spend more time with his family. Another "maybe" is that he could be having trouble at home. Another "maybe" is that he could have some medical issues.

If there was a forthcoming sale of the team, he probably wouldn't have said it was for "personal" reasons.

One other possibility is that he has an investment lined up for himself that would be difficult if he was affiliated with the Canes. Maybe he wants to be part of a group to buy another team.

There are quite a few possible explanations for his sudden departure. Obviously, a forthcoming sale of the Canes is one possibility. That scenario would upset me very much. Personal feelings aside, I'm just not ready to buy that one.

We'll probably know in a few months or weeks, but I just don't see that.

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