New York Rangers re-sign Matt Rempe to a 2-year contract worth just under $2 million
Matt Rempe re-signed with the New York Rangers on a two-year contract that a person with knowledge of the deal said is worth $1.95 million.
The person spoke to The Associated Press on condition of anonymity because financial terms were not disclosed. Rempe will count $975,000 against the salary cap for the next two NHL seasons.
Rempe, 22, has played 70 regular-season and playoff games for the Rangers over the past two years, becoming a fan favorite and a popular teammate for his willingness to drop the gloves and fight as well as hitting any opponent he can.
Getting him under contract is the latest move for general manager Chris Drury and New York after trading Chris Kreider to Anaheim. New York is hoping to return to the playoffs after missing last season following a trip to the Eastern Conference final in 2024.
Rempe gives new coach Mike Sullivan a depth forward who the organization believes is working hard to develop and has the potential to improve. A sixth-round pick in 2020, Rempe has five goals and six assists at the NHL level.
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So it's taking the thrill and adrenaline of simulator racing, that's meant for 7 years old all the way up to expert sim then pairing that with beautiful design, um, music, DJs on Friday nights with an amazing champagne cocktail bar and again some exceptional food uh paired with us, all those things come together to create an experience you've not had before. How do you think about how F1 arcade fits into the sport more broadly, right? If you think about Formula One, obviously you have the races, those are the premium events, they're broadcast on TV, tons of people attend, you have merchandise businesses, licensing, all of that kind of stuff, like, what experience does F1 arcade add to the overall sport? Yeah, I think again, F1 in terms of sport, there's only 20 drivers a year they get to experience what it's like to get behind one of those cars of those, those machines. 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I'd love if you could just talk to us a little bit about how that's gone so far, just how many locations you already have, where you expect that to go, and then a little bit of insight into how you pick some of these locations and what boxes need to be checked for you guys to go all in on one. We got 5 locations uh globally right now, 2 in the UK, and then we got 3 just up in Philadelphia, uh, this year in the US, so, um, we're, we definitely have expansive growth plans, um, really focused on the US I would say. F1 is a brand and a concept as well is really focused on the US, um, in terms of, in terms of how they see their sport growing popularity in terms of also their core demographics and things and how that comes what we, we've got many more sites, 3 more actually this year are planning to open, which is exciting with um Vegas opening Denver and then Atlanta. And then we've got a whole pipeline for next year. Um, we definitely go through a process, Joe, in terms of how we choose the locations. You know, I think this is also an important part. This is not just for F1 fans. Yes, if we want F1 fans to come here, but this is for people that want a new experience and uh to try something I had before. You might not be at all, but again, the beautifully uh, menu that we've done, or NA cocktail menu that we've got, that might be something that's for you or you just want a bit of food, uh, paired with that cocktail or date night, group events, social events, all those things come together. So I think that's where we're looking at locations. We're not just looking at core F1 locations. We're looking at where we think we involved in the cities as well or the territories, as again, we're a very long term lease in those areas so that our brain connects to what we look after in terms of the whole experience that we bring, all those different factors which we could spend all day talking about all the different things we look at from a data perspective but also from site visits and how we delve into all that data. Yeah, so there's obviously a financial benefit to this business in these locations, right? If you're able to open them, they're busy, they make money, that's great for everyone involved. But there's also these tangential benefits which you alluded to there, which is getting people to become interested in the sport overall, right? Maybe someone visits F1 arcade for the first time, they're not a racing fan, but they enjoy a cocktail, they're with friends, they try simulator, next thing you know, they're checking out the Netflix series or going to a race or something like that. Are there any metrics or data that you guys are tracking on that side of things to be able to tell you if it's successful or not? Yeah, I mean there's many metrics that we do track. I what I would say is, you know, one thing that we're of the F1 concept, um, as part of that, and they've been exceptional partners, but again, creating in the F1 paired with the exceptional hospitality is how we've really found our niche within that. So yes, financially in terms of revenue and things that we're driving is definitely a key, key factor of how we're successful, but also the NPS scores, how people are enjoying the experience. We focus a lot of our attention detail on the guest experience and how do we make somebody a um not only want to come back, we give them something they not had I think all those metrics that how that comes together, how we expand the brand and continue to work through what success looks like, um, that's evolving, but again, I think people really remember how you feel when you leave and when you experience things like this, and I think that's what we continue to work on and constantly tweak how people are interacting with the brand. Very interesting. I would love to hear more about the simulators themselves that are at these venues, right? Like, how accurate are they? How real are they and what are you actually able to do on them? We just launched a new simulator which is exciting. So we've um we've rehauled the the in terms of the actual system itself. So there's a lot of it, um, updated features, I would say as part of it, a few tweaks and a few things to make it even better and more immersive, I would say, as you do when you're getting in the simulator and you're adjusting your seat, the pedals and all the things that's there, it's supposed to feel like you're in an actual F1 car. So it's you're sat, you're sat back in the seat, almost molded into your body, you've got the steering wheel, it's actually crafted that from an F1 steering wheel. The pedals you're using both both feet actually to drive within that. And then you've got screens, 2 screens, one's for you, one's in a spectator screen above. So the whole element with um speakers actually in the in the seats themselves, so you're hearing the music, you're feeling the vibrations of the taking that first turn, you're revving the engine, you feel all those tweaks. If you're, you take a wrong turn, you only have a few bumps, you're feeling that as it goes. You bump Lewis Hamilton around that first corner, you're gonna feel interact with all of that. I think so that's, that's the physical experience you're seeing with that, the beauty of the game, the game is actually done in-house with our internal ticket, so it's actually AI enhanced as well. So if I do bump Lewis and from that first term, he may come bump me back, um, to show some aggression. So there really are no two races that are the same when you do it. And and how do you think about Formula One's role? Like, even if we, Liberty Media is obviously attached to this too, but if we leave them out of it for a second, we just think about Formula One as a sport. How do you think about their role in promotion and marketing of F1 arcade and vice versa, right? Like, obviously you guys are doing a lot to be able to help and market the sport. What are they doing in return to make sure people are coming through your doors? As you said, they've been exceptional partners, but I think the US is the biggest untapped market. I think Formula One has is working to unlock right now. I mean, it's, it's definitely ingrained a little bit more in Europe and Asia and those places, people are aware of F one a lot more and follow that where I think this new era with Drive to Survive, as you mentioned, the F1 movie with Brad Pitt coming at the end of the month, I think all those things are in the headwinds, um, should the tailwinds to really focus on the US market. I think people are really getting involved with the brand. I think there's other ways to get involved with the brand as well. That's part of this. Torres Lewis Hamilton as an example, you know, he's definitely into fashion, right, you know, in terms of how he does that, I think that I lost a whole another world in terms of you and you might connect through that through the fashion of, of that. He's also got a charity that he goes with that. He's also got a non-alcoholic tequila. That's actually very good. So again, I think the drivers are personalities of themselves to where you might not be interested in Formula One, but you might be interested in the driver or what they're interested in, and then that's your gateway into this. How so I think that helps in general, but I think how thethat would be, you know, the F1 betting big on the US with the Miami Grand Prix being fairly new. Vegas only been open 2 years. They own and operate the Vegas Grand Prix. They're putting a lot of resource and capital behind the US. I think they see us as a matter of funnel for them, attracting the F1 fans with the non-F1 fans who again, might want a night out, I want to do something fun, and they're not done before, and that that creates again, more interest than the overall sport. So I think F1's been on how they've looked at other avenues to build uh the core audience for that. Is part of the strategy trying to uh put these facilities in areas where people may have a more difficult time reaching Formula One races, like, obvious, you said the US is the main focus. I agree with that. It's been tremendous what Formula One has done. But if you look at Philadelphia, which you guys,Opened. Philadelphia is pretty far, uh, from Miami, Austin, and Las Vegas, but there's probably a coalition of people there that watch Formula One and would like to go to an arcade and experience some of that, but we'll never make it to a race. Is that part of the process when you think about the locations for these venues? I think it's in the back of our mind always, Joe, as we think about it, but I wouldn't say that's a key determining factor for us in terms of how we choose our locations. We, again, because the experience is so unique that you've had, and again, there's so many reasons of why you come to Arcade, you know, with families, date night, guys night out, girls' night out, uh corporate events, social events, celebration moments in life, organs, things of that. I think that's where we've really focused a lot of our attention is to understand how we memorable experience for you, and I think F1 is an amazing piece of that to and that's a, that's a nuance that you can't do that anywhere else within any in the world. So all those elements coming together to create that is how we focus more on bringing that to the markets that we're in and more, you know, Miami, New York, um, Vegas, we're opening Vegas, but again, we, we don't in Austin, we don't shy away from markets where F1 is by any means, but it's also being looking where the right location is in the right time is, you know, we have big sites and they're not the easiest to find as it goes through it. So finding the right partners from a landlord, finding the right deal structure, and then finding the right uh area that we feel like we can get involved in in a deep way, all those things come together to create where we end up. Yeah, and the other thing I'm curious about too, just from an opinion perspective is like F1 arcade is obviously in this, this entertainment space adjacent to sports and luxury and hospitality and food and beverage and things like that. But we've seen a number of these different venues and projects pop up over the years, whether it's F1 or K, you obviously have Top Golf, which was several years ago at this point, but even Roy McIlroy's puttery, you have a bunch of different businesses that are sort of emulating that of F1 arcade, like, where do you think this industry goes? Is there enough support to be able to have, you know, 5 or 10 of these concepts in every major city? No question, I think this industry is just getting started. That's a really exciting point about this, to where he's mentioned Top Golf and Pottery and Potshack and Flight Club, all those other concepts. I think we can co-locate and we've done that very successfully in the past, but I also want new experiences. I think attention spans are getting shorter. People want to be able to interact and they're not going to the office as much as they used to, people are finding ways to connect with colleagues and their partners and find something to do while they're having a drink or having food. So I think this, this really fills a gap that's only going to continue to widen for people that again, with wanting something to experience and do and have a meal or have a I what I'd say to wrap that up is I think we're just getting started, and I think again, you know, we people come back and that's people is very important to us, but ultimately, they're not coming back to us 30 times a year, right? So they come back to us, you know, 34 times a year. That's amazing, but they're, they're going to fill their other weekends and other date nights out, going other places. So I do think creating destinations, hubs of these types of things together, we've seen a lot of success in that. And I'm very excited to see in the future where um where the space goes. Very cool. That makes a lot of sense. And I'm excited to go check out the one in Vegas because I know it's, uh, I've heard really good things about most of the venues at this point, but uh I know that one's going to be about 2 times bigger than your previous one. So congrats on all the success you guys have had so far, and thanks for joining us today, John. We appreciate it, J Bill. Thanks for the time. The clock is winding down here, but we have just enough time for some final bus. So let's talk about Saquan Barkley's popularity with NFL Eagles superstar running back Saquan Barkley has taken over Patrick Mahomes as the NFL's most popular player, at least when it comes to player apparel sales. According to the NFL Players Association's year-end top 50 player sales list, Barkley was the top selling player in the NFL for online and in-store retail sales last season, which includes sales for jerseys, apparel, bobbleheads, accessories, figurines, backpacks, drinkware, and other items. Barkley was the first running back to top the NFLPA's list since Ezekiel Elliott in 2017, had the jersey based on cumulative sales of all NFL players and dethroned Kansas City Chiefs quarterback Patrick Mahomes from the top spot in the rankings. Barkley was also joined by Mahomes, fellow Eagles teammate Jalen Hurts, rookie of the Year Commanders quarterback Jayden Daniels, and Texans quarterback CJ Shroud to round out the top five of officially licensed player products sold last season. Now Barkley is truly having a banner year since signing with the Eagles in the 2024 offseason. The running back ran for over 2000 yards last season, was named NFL First Team All-Pro, won a Super Bowl in season with the Eagles and signed a two year $41.2 million contract extension with $36 million guaranteed this past offseason with Philadelphia that made him the highest paid running back in NFL history. Barkley also recently had more commercial success off the field when he was named the cover athlete of EA Sports' Madden NFL 26 and became a member of the game's 99 Club for player ratings. Not too bad for your first year on the job with a new team, and I wonder if New York Giants owner John Mara is still losing sleep over letting Barkley go to his NFC East all out of time, so it's officially game over for this week. Thank you so much to Michael, John, and for all of you for joining us. Please make sure to scan the QR code below to follow Yahoo Finance podcast for more videos and expert insight and catch us every Thursday wherever you get your podcasts. Plus, check us out this weekend at Fanatics Fest, located at the Javits Center in New York City. I'm your host, Joe Pompeliano. See you next time. This content was not intended to be financial advice and should not be used as a substitute for professional financial services. Yahoo Finance Sports Report is developed and produced by Lauren Pokedoff. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
