Blog Entry

Glendale receives $25 million bill from NHL

Posted on: April 28, 2011 2:07 pm
Edited on: April 28, 2011 2:18 pm
 

The struggle goes on in Glendale to keep the Coyotes.

The latest news is that the NHL has sent the city a bill for $25 million to cover the team's losses this season. If you'll remember, the NHL took ownership of the team while it and the city have been looking to land an owner that would keep the team in Arizona.

Now the $25 million won't come as a shock to the city. It promised a year ago that it would have the same amount of money set aside to cover such losses so long as the city was given more time to find an owner. The hope for the city was that it wouldn't have to spend the money set aside, that a new owner would foot the bill.

It looked like Matthew Hulsizer would be that new owner, but the process has hit more than a few snags. After all, nothing about hockey in the desert is easy. A local watchdog group took exception to some of the city's role in the ownership situation, which has been part of the reason the process has been gummed up. However, officials for Glendale are hopeful a new deal is close.

It's unclear how much longer the city will be given to close a deal to keep the team in town. Commissioner Gary Bettman has been patient, rebuking Jim Balsillie's attempt to buy the franchise and move it to Hamilton, Ontario. But many speculated that was more to block a move to put another team in Toronto's footprint. The most recent rumors were that the team would be on its way to Winnipeg at the end of the playoffs.

Stay tuned.

-- Brian Stubits

Comments
kkjyywlpo
Since: Dec 2, 2011
Posted on: December 16, 2011 4:20 pm
This comment has been removed.

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Since: Apr 8, 2009
Posted on: May 16, 2011 12:37 am
 

Glendale receives $25 million bill from NHL

I don't know who is right in the how many Canadian, American, and European players were drafted in the first round over the last three years, but that is only because I have a life and don't care.  However I do know that if it were truly 50 Canadians to 30 American with 10 Europeans, that would mean 50 out of 90 were canadian or 55% and not the 80-90 percent as the Canadian who couldn't do math tried to claim.  Apparently poverty stricken inner city kids aren't the only ones who can't do math, eh?  but I am sure there is a reason why I don't know what I am talking ah-BOOT eh?



Since: Jan 15, 2008
Posted on: May 2, 2011 4:30 pm
 

Glendale receives $25 million bill from NHL

By the way genius I think if you re read my post or have someone read it to you again. You will see or hear that I did not put any percentage there so your 80-90 percent comment is more idiotic than anything anyone could post. May I suggest RIF it stands for reading is fundamental and should be required for you as you are obviously a best a sixth grade graduate if you made the grades and then went on to try to play hockey and didn't make the grade there either and have probably lost your job as a beer factory worker or taste tester if you got promoted.
But then again I may be wrong because you came up with these numbers off the top of your head which has to be better than the records that are kept by the NHL.



Since: Jan 15, 2008
Posted on: May 2, 2011 1:14 am
 

Glendale receives $25 million bill from NHL

Go back to your research you must be counting  almost every non-american as a canadien. That only leaves ten spots for foreign players to be drafted and I know there were a lot more than that so maybe you should be the one ordered off the board. This was stated on NHL network during that last NHL draft but I guess you know more than they do.



Since: Jun 25, 2009
Posted on: April 30, 2011 7:10 pm
 

Glendale receives $25 million bill from NHL

Meant 50 Canadians to 30 Americans by the way in the first round.... it's not even close.



Since: Jun 25, 2009
Posted on: April 30, 2011 6:27 pm
 

Glendale receives $25 million bill from NHL

Plus their have been more USA players drafted in the first round than Canadian players the last three years. The seeds have been planted we just have to let them finish growing.

I'M BACK.... and you are officially ordered off these boards...... get out of here with your lies and crap.  In the last 3 years there have been roughly Canadians and 30 Americans drafted in the first round... I say roughly because I was adding year to year off the top of my head.  And 80-90 percent of the "top prospects" going into these drafts were no Americans......  you're an idiot. 



Since: Jun 25, 2009
Posted on: April 30, 2011 6:20 pm
 

Glendale receives $25 million bill from NHL

The growth is showing already among the young USA players. USA just won their fourth straight under 18 world championship while Canada finished without a medal again. Plus their have been more USA players drafted in the first round than Canadian players the last three years. The seeds have been planted we just have to let them finish growing.

Don't know what you're trying to say but if you think the U.S.A is going to take over and dominate the Canadians in hockey anytime soon you are a fool.   And I'll get back to you on your research..... not like the last 3 years means anything anyway but I'd make a bet that you're wrong.



Since: Jun 25, 2009
Posted on: April 30, 2011 6:17 pm
 

Glendale receives $25 million bill from NHL

If I was thinking of buying the Coyotes, exactly how much does it cost to buy a business, that lost more than $25 million dollars in a season that they made the playoffs. I think an ice cream stand is a better investment in Phoenix

It gets even funnier when you consider the season you're talking about follows the prior season where they had about 100 points, made the playoffs and took the Detroit Redwings to 7 games in the first round.   Not to mention everybody in the state of Arizona knew damn well the last 2 NHL seasons would make or break the Coyotes existence in Arizona.... support them and they stay.  Don't and they most likely have to go.
For the life of me I can't imagine anybody really making an offer to purchase this franchise.  In my heart I sometimes believe Bettman is bluffing when he says somebody is truly interested in spending that kind of money on a losing franchise.  It can't be true... can it?



Since: Nov 17, 2008
Posted on: April 30, 2011 5:47 am
 

Glendale receives $25 million bill from NHL

If I was thinking of buying the Coyotes, exactly how much does it cost to buy a business, that lost more than $25 million dollars in a season that they made the playoffs. I think an ice cream stand is a better investment in Phoenix.




Since: Jan 15, 2008
Posted on: April 30, 2011 4:12 am
 

Glendale receives $25 million bill from NHL

Great post smackman. 
The growth is showing already among the young USA players. USA just won their fourth straight under 18 world championship while Canada finished without a medal again. Plus their have been more USA players drafted in the first round than Canadian players the last three years. The seeds have been planted we just have to let them finish growing.


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