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WEEK IN REVIEW
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Russians might compete with Boeing for tanker c...
Police hunt for shooting suspect
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Local beef — lots of it
16-year-old girl convicted in Sultan gang murder
Lawmakers start haggling budget, again
Monday


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Published: Saturday, October 4, 2008

NHL notes: Canadiens coach gets contract extension

ST.-JOVITE, Quebec -- Montreal Canadiens coach Guy Carbonneau received a multiyear contract extension for leading the team to first place in the Eastern Conference last season.

The former Canadiens captain would not say on Friday how long the extension was for, other than that "it's more than one year and less than 10."

The three-time Stanley Cup winner joined the Canadiens' staff in January 2006 as an assistant to coach and general manager Bob Gainey. Carbonneau became coach on May 5, 2006, and is 89-59-16 in two seasons.

The 48-year-old played 13 seasons with the Canadiens beginning in 1980-81, winning two championships and the Frank Selke Trophy as the league's best defensive forward three times.

He later played one season in St. Louis and five more in Dallas, winning another title before retiring in 2000.

The Sept-Iles, Que., native was an assistant coach in Montreal before he became assistant general manager in Dallas in 2002. Then he opted to go back to Montreal.

RED WINGS: Detroit signed goalie Thomas McCollum to a three-year deal Friday. Financial terms of the contract were not disclosed.

McCollum was Detroit's first-round selection -- 30th overall -- in the 2008 draft. He participated in the Wings' training camp before being assigned back to the Ontario Hockey League's Guelph Storm.

BLUES: Former St. Louis owner Michael Shanahan Sr. was ordered on Friday to pay nearly $8 million in restitution and serve three years of probation for his role in backdating stock options.

The 68-year-old former chief executive officer of Engineered Support Systems pleaded guilty in July to one felony count of falsifying records of a publicly traded company.

Federal prosecutors say he and other ESS officials backdated stock options from 1996 to 2002 to enrich executives and board members of the company, which provided military equipment and support services.

"If I could do a stock transaction today and have it dated a month ago, I would start by selling my 401(k)," Assistant U.S. Attorney Jeff Jensen said. "Regular investors don't get the benefit of time travel."

Shanahan led a group of St. Louis businessmen who bought the Blues in 1986 and sold the NHL team in 1999.

About 200 people wrote letters on Shanahan's behalf highlighting his philanthropic and charitable contributions, said his lawyer, Barry Short.

Shanahan did not admit to orchestrating the scheme, but in his plea agreement said he knowingly signed stock option award letters with a false date. He agreed to pay back $7.8 million.

In exchange for Shanahan's guilty plea and his agreement to cooperate in a case against another company official who later pleaded guilty, the government dropped other charges against him.

The government also agreed to drop charges against his son, Michael Shanahan Jr., 41, who agreed to report to a probation officer for a year.

The company's former chief financial officer, Gary Gerhardt of St. Charles, previously pleaded guilty to falsifying records of a publicly traded company. He is scheduled for sentencing Oct. 17. He agreed to make restitution of $1.8 million.

Engineered Support System's former controller, Steven Landmann, is scheduled for sentencing in November, after admitting he received about $500,000 of the backdating-related proceeds.

DRS Technologies Inc. acquired Engineered Support Systems in 2006.

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