"Jeff Vanderbeek's long-simmering $80 million problem appears ready to boil over.

His New Jersey Devils hockey team is months late on an $80 million debt payment to lenders and is looking for a balance-sheet miracle — that is, the securitization of its long-term TV deal with the MSG Network, a move that Vanderbeek hopes will raise exactly that much cash.

But two sources close to the situation say it appears the money-losing franchise, which has been shopping the deal with the help of Goldman Sachs since at least November, is having trouble getting the deal done."