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Colorado Avalanche: News from around the NHL August 14th, 2014

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Ethan Miller

Ryan Malone had no idea there was cocaine in his pocket...

When a Tampa police officer pulled a bag of cocaine out of Ryan Malone's back pocket during an April 11 DUI arrest, the then-Lightning wing appeared stunned.

"Oh my God," he told officer Andrew Visser.

Malone, 34, waived his Miranda rights and told Visser he didn't know where the 1.3 grams of cocaine came from, according to discovery documents the Tampa Bay Times received Tuesday through a public records request.

NHL team owners will be making a little bit extra money this season.

NHL commissioner Gary Bettman made sure his owners would enjoy their summer this year.

Thanks to another run of prosperity after the NHL settled its labour problems 18 months ago, Bettman was able to tell the owners there will be a little extra in their piggy banks for the coming season. Each of the 30 teams will get an unexpected $5-million (all currency U.S.) thanks to the success of the league’s Stadium Series and the first payment by Rogers Communications Inc., on its $5.2-billion, 12-year broadcast deal. That is a total of $150-million in cheques mailed out this summer.

The Leafs are giving Cup rings to previous winners.

The Maple Leafs are handing out Stanley Cup rings.

The Star has learned the franchise will honour players from its four championships in the 1960s with personal rings.

An announcement is expected this week outlining the details, but it’s believed the ring ceremony will be part of the team’s first Fan Fest, to be held in September.

The Panthers are in the red.

Florida Panthers owner Doug Cifu wants to keep his floundering NHL franchise in South Florida.

It just might not make financial sense.

Recently asked where the Panthers will be in 5-10 years, Cifu wouldn't say.

“The arena and the team have lost a significant amount of money year over year for the last 10-plus years and the current business model is not sustainable,” Cifu told Fox Sports last weekend.

Currently losing $30 million annually, the Panthers have a lease to stay in the BB&T Center through 2028. The club’s debt is roughly $250 million, the Hockey News reported Monday.