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Balsillie puts in $212.5 mil offer for the Coyotes

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gscarpenter2002 said:
60%? A legal analyst said that? No lawyer worth his salt would give such a percentage, IMO. Why 60? Why not 62? 70? 75? 12?

If you read it, you must have a link or source, no?
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I read it in one of the many threads on here, I'll try to find which one.
 
Take the emotion out of it and moving the team is what is best for the NHL, Coyotes, and Phoenix. This article sums it up perfectly. No one cares anymore outside of a few die hards. Going to an empty arena sucks. maybe a CHL team run properly, with astrong focus on the community and families and building the sport can survive. This experience has run its course and everyone in Phoenix deep down knows it no matter how sad it makes us.

http://www.eastvalleytribune.com/story/138825
I can understand Glendale fighting to keep the Coyotes. Without hockey, it will lose the revenue generated by 41 home games at Jobing.com Arena, and Westgate will become a ghost town on some nights.

But what is Bettman’s rationale? So what if he doesn’t like Basillie, as reports suggest. So what if he feels he was left out of the loop. He has a billionaire owner wanting to buy a hockey team that’s hemorrhaging money. His responsibility is to do what’s best for the league, and surely the NHL would be better off leaving Glendale for Canada.

Bettman’s next step, should he persist with this silliness, will be to try to find another buyer, gain concessions from Glendale and keep the Coyotes in the Valley.
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gscarpenter2002 said:
60%? A legal analyst said that? No lawyer worth his salt would give such a percentage, IMO. Why 60? Why not 62? 70? 75? 12?

If you read it, you must have a link or source, no?
Click to expand...


Rod Becker a US legal analyst was on the radio
saying that in all likelyhood that Balsillie will get the Coyotes.
 
Go Yotes 97 said:
Take the emotion out of it and moving the team is what is best for the NHL, Coyotes, and Phoenix. This article sums it up perfectly. No one cares anymore outside of a few die hards. Going to an empty arena sucks. maybe a CHL team run properly, with astrong focus on the community and families and building the sport can survive. This experience has run its course and everyone in Phoenix deep down knows it no matter how sad it makes us.

http://www.eastvalleytribune.com/story/138825
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That author obviously didn't read anything about the Nashville purchase. Bettman and the BOG somehow convinced the previous owner to take less money than what Ballsillie was offering.

At this point, I really do believe Bettman and the BOG are stubborn enough to cut off the nose to spite the face.

They'd rather have a tanking NHL club in a bad hockey market than give it to Ballsillie.
 
NobodyBeatsTheWiz said:
How many markets are there really that fill seats when the team is bad? If that's your qualification, Chicago, Boston, Pittsburgh, Buffalo, and St. Louis aren't good hockey markets.
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Pittsburgh has shown itself to be fairweather, and has been on the verge of moving on several occasions. St. Louis I can't speak to, but despite having never winning the Stanley Cup they seem to still do well financially. Buffalo is a hockey market, with extensive media coverage, and deep fan base in WNY. Boston and Chicago still made money despite attendence troubles suggesting a wide fan base that will still buy the merchandise and watch the games on television even if they don't buy tickets to see the game.
 
Evil Doctor said:
Who's talking about Washington and San Jose? I'm talking about Phoenix, Nashville, Atlanta, Miami, Tampa Bay, Raleigh...

You still haven't dealt with the central issue. They had a contract and now they don't. So how is that footprint working out?
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Huh? This discussion started from GSC saying the NHL doesn't need Washington or San Jose for a TV contract.
 
Ward Cornell said:
Rod Becker a US legal analyst was on the radio
saying that in all likelyhood that Balsillie will get the Coyotes.
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I doubt the NHL will let this happen, the legal analyst doesn't have the full story and neither do any of us.
 
Valic said:
Having another very successful team in the NHL as opposed to the biggest loser helps them financially does it not? More profit across the league means they have to pay less into revenue sharing or am I mistaken?
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You are mistaken - but sadly it is a common mistake on these boards.

The minimum revenue sharing pool is 4.5% of league revenues.

If the Coyotes move to Canada (and their revenues increase), the revenue sharing contributions of the other Canadian teams does not go down - they may in fact increase, since total league revenues would increase. All that would change is that the other bottom 15 teams would get more $$$ and a new team could drop into the bottom half and become eligible.
 
kdb209 said:
You are mistaken - but sadly it is a common mistake on these boards.

The minimum revenue sharing pool is 4.5% of league revenues.

If the Coyotes move to Canada (and their revenues increase), the revenue sharing contributions of the other Canadian teams does not go down - they may in fact increase, since total league revenues would increase. All that would change is that the other bottom 15 teams would get more $$$ and a new team could drop into the bottom half and become eligible.
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IF the new bottom half team meets all the criteria. (Salary capped at half of the full amount, attendance standards ETC.)
 
Brodie said:
His name is Rob Becker and he's a legal analyst for Fox Sports based in New York.
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I guess we'll know how right he was tomorrow.

I imagine the first hurdle for Ballsillie to jump is whether or not Moyes had the legal rights to file for bankruptcy.

If he did, then I think the chances of Ballsillie getting the Yotes are fairly certain.

I remember when Peter Pocklington wanted to move the Oilers to Hamilton. The NHL said they would block that move or at the very least charge him $50M to compensate Buffalo.
But Pocklington cited several business laws showing how he could do what he wanted with HIS franchise.
At that time, it sure looked like Pocklington was correct in that assumption based on legal experts of that time.
I don't know if things have changed as far as internal NHL bylaws, but this whole drama is going to be very interesting.
 
I love the Gretzy part of the story. Makes me think that Balsillie is a bit unhinged mentally. Does he really think that Gretzky would be willing to make it look like he himself is for sale???
 
GSC said:
Yep, this is my favourite argument to hear from the Sun Belt supporters. "You need us for an American national TV contract!" Yeah, that's worked out so well...the NHL has Versus and a few NBC games (in which they focus on showing traditional teams). Not much of a contract, eh?
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The Versus contract was for $130 million for the 2005-06 and 2006-07 seasons, and $72.5 Million for the 2007-2008 season. I can't find numbers for there 2008-09 season, but it's safe to assume its higher than the $72.5 million.

That's nothing to sneeze at.
 
hockeydadx2 said:
I love the Gretzy part of the story. Makes me think that Balsillie is a bit unhinged mentally. Does he really think that Gretzky would be willing to make it look like he himself is for sale???
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I find the Gretzky part of this story is very funny but to be honest I'm not sure if I even believe it. It could be some media generated thing as it does sound very un-Gretzky like to me.
 
digger18 said:
Copps Coliseum in Hamilton was built with the purpose of hosting an NHL team. It may not be up to snuff to hold an NHL team for the long haul anymore, without some modifications. But a team could work in there for the short term until a new rink was built, or major renovations were completed.

http://www.hecfi.on.ca/coppscoliseum/
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since when, digger18,

Seems to me doesn't HECFI have a tenant that was given full clearance and validity of lease during the aborted Nashville discussions...

HEFCI will be facing legal issues if it enters into any agreement w/ any franchise that's not the Bulldogs
 
Frank Mackey said:
I remember when Peter Pocklington wanted to move the Oilers to Hamilton. The NHL said they would block that move or at the very least charge him $50M to compensate Buffalo.
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I had completely forgotten about that one, and I'm glad that never came about. As much as want a franchise in Hamilton, I would never have wanted it at the expense of Edmonton.
 
Evil Doctor said:
I'm not GSC, so why make a point to me that has nothing to do with my central arguement?
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What the hell are you talking about? You started arguing with me when you quoted my response to GSC, which was concerning Washington and San Jose (i.e., the 4th and 6th largest markets in the country).

You're saying things that have nothing to do with MY argument, not the other way around.
 
Cool Hand Luke said:
Needing the team to be good in order to draw fans does not qualify the city as a good hockey market. Being able to fill seats regardless of whether the product on the ice is winning or losing makes you a good hockey market.

My two cents...there are too many teams in the NHL.

The talent pool is spread too thin, and you have too many mediocre players in the league. This makes the talented players worth more, and drives up the market for salaries. This intern makes it impossible for blossoming franchises to get any talent, and gives teams who can spend to the cap a massive advantage.

The truth is, watching a bunch of inexperienced youngsters lose games does not attract fans. And inexperienced youngsters are all these southern teams can count on, because the quality players make too much.

I don't think we should be moving teams, I think we should be contracting the league and distributing more of the talent evenly. Improve the quality of the product and people will be more likely to watch hockey over football or basketball.

Who gets the axe? How about we start with teams that have lost money for the last 5 years.
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That argument held 10 years ago, but now there's plenty of talent to go around.
 
CHRDANHUTCH said:
since when, digger18,

Seems to me doesn't HECFI have a tenant that was given full clearance and validity of lease during the aborted Nashville discussions...

HEFCI will be facing legal issues if it enters into any agreement w/ any franchise that's not the Bulldogs
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I think, given the amount of money being spent, the Bulldogs are not a big deal here.
 
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