BUFFALO, N.Y. (AP) -- The bankrupt Buffalo Sabres received an additional $15 million line of credit
BUFFALO, N.Y. (AP) -- The bankrupt Buffalo Sabres received an additional $15 million line of credit and approval to pay four players their deferred salaries on Friday.
There were no objections to the request made by Sabres attorney William Thomas in Buffalo bankruptcy court.
The request for an additional line of credit was expected. Judge Michael J. Kaplan had granted the Sabres up to $25 million in debtors-in-possession financing when he approved an initial $10 million line of credit after the team filed for Chapter 11 bankruptcy protection last month.
The Sabres are now expected to pay forward Curtis Brown, goaltender Ryan Miller, and defensemen Jay McKee and Brian Campbell a combined $541,666 in deferred bonus money they were due last month.
Without that payment the four could become unrestricted free agents at the end of the season.
Before the Sabres played the Vancouver Canucks on Friday night, Buffalo general manager Darcy Regier said the Sabres had to pay the players.
"I don't know how it can go any other way," he said. "For the amount of money that these players were owed, as an organization we could not ultimately afford to lose those assets."