Coyotes sale potentially in big trouble

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The NHL playoffs were moving along a little too smoothly to not have a bombshell be dropped right in the middle of everything. The sale of the Phoenix Coyotes has hit yet another snag and this time it’s a big one.

Sources tell TSN the city of Glendale has asked Ice Edge Holdings to return to the bargaining table as a back up plan to buy the Coyotes, in the event the deal with Reinsdorf falls through.

Sources say Glendale reached out to Ice Edge late last week amid growing concern Reinsdorf’s accepted bid to purchase the Coyotes from the National Hockey League is at risk of falling apart.

To make things even more of a mess, ESPN’s Scott Burnside, tosses in this nuclear bomb of a revelation should Ice Edge not make a deal with the City of Glendale.

The situation in Glendale remains fluid; if the city does not agree to the league’s conditions, it is possible the NHL will instead move quickly to finalize a purchase agreement with Canadian billionaire David Thomson and move the team to Winnipeg. Sources tell ESPN.com there is a purchase agreement ready if the Glendale situation disintegrates.

If the team moves to Winnipeg, the Ice Edge group would then move the existing AHL team, the Manitoba Moose, to Thunder Bay, Ontario.

To call this a “big deal” would be to downplay the situation wildly. What’s most baffling about this is that it wasn’t even a full day since we got word of what the different conditions that Jerry Reinsdorf was going to have in order to buy the team, and it’s a sweetheart deal to an exponential degree.

In a preliminary agreement known as a memorandum of understanding (MOU), the Glendale City Council has agreed to pay $65 million in public funds over three years to the NHL, the current owner of the Coyotes, as part of Reinsdorf’s purchase. The NHL took over the team after Jerry Moyes, the previous owner, threw the franchise into bankruptcy court in a failed effort to sell the club and move it to Hamilton, Ontario.

The $65 million to be paid by Glendale is nearly 40 percent of the total Reinsdorf will have to pay to the NHL to acquire the Coyotes. But although Glendale is paying 40 percent, Reinsdorf and his group will own 100 percent of the team.

Essentially, the City of Glendale was selling the team to Reinsdorf for 40% off the manufacturer retail price. Not to mention they were giving him a five year window to turn a profit before allowing him to sell the team and leave town and he’s still walking away from the deal. Obviously this story is all built off of sources and inside reports, but both ESPN and TSN have discovered there’s some smoke coming from this entire mess, whether there is actually fire to go with the smoke remains to be seen. 

A lot of folks often wondered what would happen if movies turned out differently and should this whole thing breakdown the way it’s being painted by Scott Burnside, the comparisons of the Coyotes to the Cleveland Indians in the movie “Major League” take on a whole new light. In this case, only this time they lose in the playoffs and get moved away.

Following ‘disastrous’ effort, Stars lose Honka to injury

Lindy Ruff
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Dallas only surrendered two goals in last night’s loss to Calgary — not the markings of a terrible defensive night.

But in many ways, it was exactly that.

Head coach Lindy Ruff called the second period “disastrous.” The Morning-News wrote the number of high-quality chances Dallas surrendered was “almost shocking.” And Julius Honka, one of the club’s brightest young d-man prospects, suffered an upper-body injury that will force him to miss the next few games.

Tough times in Dallas.

The Honka injury will throw the defense into further arrears. Ruff has spent most of this season juggling the group, with mainstays like Dan Hamhuis and John Klingberg getting parked in the press box as healthy scratches. Stephen Johns has been in and out — which included a stint in the American League — while the likes of Esa Lindell, Patrik Nemeth and Jamie Oleksiak have been platooned as well.

The Stars were forced to finish last night’s game with just five blueliners, though Honka’s injury isn’t believed to be serious. Dallas plays next on Thursday night at home against Nashville, then heads out for a back-to-back road set — Saturday in Philly, and Sunday in Chicago.

Related: What has happened to the Dallas Stars?

 

 

After a slow start, the Preds have really turned it around

Nashville Predators defenseman P.K. Subban (76), center, celebrates with Filip Forsberg (9), of Sweden, Kevin Fiala (56), of Switzerland, and Mattias Ekholm (14), of Sweden, after Subban scored a goal against the Colorado Avalanche during the second period of an NHL hockey game Tuesday, Dec. 6, 2016, in Nashville, Tenn. (AP Photo/Mark Humphrey)
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The Nashville Predators are still outside the playoff picture in the Western Conference, but they’re very clearly putting a slow start behind them.

The Preds beat Colorado, 4-3, last night in Nashville. They are now 9-4-1 since beginning the season 3-5-3, and they are winning with the kind of puck-possession game that many expected from them.

Via Puck on Net, here are the top 10 teams in score-adjusted Corsi over the last 10 games:

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That is some excellent company the Preds are not only keeping, but leading. The Blue Jackets, right below them, are the hottest team in the NHL. The Penguins are the defending Stanley Cup champs. The Capitals won the Presidents’ Trophy last season. The Sharks won the Western Conference.

Though strong puck-possession numbers don’t always translate into wins — just ask the Carolina Hurricanes — they typically lead to good results over the long run. The one thing that can sink a strong possession team is poor goaltending, but Pekka Rinne (11-5-4, .926) has been mostly solid this season.

The Preds are also getting good production from their big offseason trade acquisition, defenseman P.K. Subban, who has 17 points, including seven goals, in 25 games.

“I just try to do my job and just keep it simple, try to put the puck on net,” Subban told The Tennessean. “Sometimes you’ve got to get some bounces, and you only get those bounces when you put pucks at the net.”

The Preds are averaging 31.6 shots per game, the sixth most in the NHL behind Pittsburgh, Boston, Toronto, Edmonton, and Philadelphia.

Next up for Nashville is a date with the Stars in Dallas tomorrow. That’s a huge game for both Central Division teams. The Stars lost again last night, falling 2-1 to the surging Flames.

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Report: Leafs win arbitration case with Cowen

OTTAWA, ON - JANUARY 21: Jared Cowen #2 of the Ottawa Senators prepares for a faceoff against the Toronto Maple Leafs at Canadian Tire Centre on January 21, 2015 in Ottawa, Ontario, Canada.  (Photo by Jana Chytilova/Freestyle Photography/Getty Images)
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The Toronto Maple Leafs have won their arbitration case with Jared Cowen, who will remain bought out.

TSN’s Bob McKenzie reported the news today. It is a significant loss for Cowen, the 25-year-old defenseman who came to the Leafs in February as part of the Dion Phaneuf trade.

From Sportsnet’s story before the ruling:

At issue is whether Cowen was healthy enough to have the final year of his contract bought out by the Leafs last summer. A lengthy section of the CBA is devoted to “procedures for determining fitness to play,” and they include a player’s right to pursue a second medical opinion beyond what is provided by the team.

That information, plus witness testimony and other evidence, will be taken into account by the arbitrator while rendering a decision.

For Cowen, there is $3-million in salary at stake. That represents somewhere in the neighbourhood of 25 per cent of his career NHL earnings to date – a huge amount given his injury history and diminished future earning potential.

For the Leafs, it’s significant win. They’ll actually get a $650,000 cap credit this season. Next season, they’ll take a $750,000 hit, and after that their obligations are over.

If they’d lost, they would’ve lost the credit and assumed a $3.1-million cap hit this season, the final year of Cowen’s contract.

Sportsnet explains why the Leafs didn’t want to lose:

That’s a $3.75-million cap swing in total and would almost certainly result in the Leafs invoking long-term injury relief on one of three players – Nathan Horton, Stephane Robidas or Joffrey Lupul – to remain compliant.

Even though the LTI maneuver would offer immediate relief, it’s something the Leafs hope to avoid since it would increase the size of the cap overage penalty they’ll carry into next season because of performance bonuses expected to be earned by as many as five rookies in their current lineup.

Cowen had hip surgery after he was bought out. It’s been reported he may not be ready to play until February, assuming he can find a team. He played 37 games for the Senators last season, registering no goals and four assists.

Related: Lupul to start season on injured reserve, still aims to play again

No hearing for Taylor Hall after Larsen hit

NEWARK, NJ - DECEMBER 06:  Taylor Hall #9 of the New Jersey Devils hits Philip Larsen #63 of the Vancouver Canucks in the second period on December 6, 2016 at Prudential Center in Newark, New Jersey.  (Photo by Elsa/Getty Images)
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Devils forward Taylor Hall will avoid supplemental discipline for his big hit on Vancouver’s Philip Larsen, an NHL spokesman has confirmed.

Midway through New Jersey’s eventual 3-2 win over the Canucks, Hall caught Larsen behind the Vancouver goal with a massive bodycheck, knocking Larsen unconscious. The Danish blueliner was prone on the ice for several seconds before receiving medical attention, and was eventually stretchered off.

Hall wasn’t penalized on the play.

Larsen spent the night in a New Jersey-area hospital, per Sportsnet, and is flying to Vancouver today to meet with team doctors.

Hall said he didn’t regret throwing the hit, but felt awful about the result. He and Larsen do have a history, having briefly played together in Edmonton.

“I’m looking to make contact there, but I never want to see a guy laying on the ice there like that,” Hall said, per NJ.com. “I only know how to play the game one way, and you’ve got to play it hard. But like I said, I feel terrible.

“When you see him laying on the ice like that, he’s a former teammate of mine, and I just would have loved to make a hit there and continue the play. I hope he’s OK.”

Related: The Devils are hanging around, thanks to a great home record