Jerry Reinsdorf officially pulls out of running to buy Coyotes

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Things seemed to be too quiet out of Arizona lately concerning the Coyotes so it’s high time something happened. Word came down early Tuesday morning that Jerry Reinsdorf’s group to buy the Coyotes, Glendale Hockey, has officially and totally pulled out of negotiations for the team.

In the statement, the Reinsdorf group, known as Glendale Hockey, called the decision to pull out “a difficult one because of our respect for the mayor, the council and management of the city.”

“Ultimately we came to the conclusion it was time to move on,” Reinsdorf said. “We were happy to serve a critical role for the City to keep the team in Glendale and we look forward to assisting the city in the future on other projects both as a company and individually.”

The statement concluded with the Reinsdorf group wishing “Glendale, its citizens and the fans of the Coyotes the best.”

This is all likely just window dressing for the Glendale city council which will be holding a private vote on Tuesday evening to approve Ice Edge Holdings for a Memorandum of Understanding (MOU) to give them exclusive negotiating rights for the Coyotes. Reinsdorf and his group getting out of the way is just a mere formality to pass the torch to them. The downside here, however, is that it leaves Ice Edge Holdings as the only group left available to buy the team. If you’d like to read the details of the MOU between Glendale and Ice Edge, feel free to scope it out here (PDF). One side fun part to the MOU is that if Ice Edge wins out, the team will then be known as the Arizona Coyotes. Nothing screams “success” like emulating the NFL’s Cardinals.

Should Ice Edge Holdings be the group to buy the team and do so by June 30th, they’ll keep the City of Glendale off the hook for $25 million dollars the city has set aside to make sure the NHL, the Coyotes current owners, aren’t on the hook for the team’s financial losses. After all, what’s worse than one owner losing $25 million? 29 other owners chipping in to cover losing $25 million.

The doom and gloom aspect to all this now is that should Glendale, the NHL and Ice Edge not find a way to come to some agreement, this could put an end to the Coyotes run in Arizona as the NHL has now made no bones about looking for another owner who is willing to move the team. David Thomson and his True North group are the most talked about potential buyers as they wish to move the team back to Winnipeg.

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    Report: Avalanche bring Rene Bourque in for a PTO

    NEWARK, NJ - OCTOBER 27: Rene Bourque #18 of the Columbus Blue Jackets skates against the New Jersey Devils at the Prudential Center on October 27, 2015 in Newark, New Jersey.  (Photo by Bruce Bennett/Getty Images)
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    After announcing the hiring of Jared Bednar as their next head coach, the Colorado Avalanche have brought in forward Rene Bourque on a professional tryout, according to James Mirtle of the Globe and Mail.

    Bourque became an unrestricted free agent at the beginning of July, after his six-year contract worth a total value of $20 million expired. The annual cap hit on his previous deal was $3.333 million.

    He spent last season with the Columbus Blue Jackets, scoring three goals and eight points in 49 games. He was placed on waivers at the end of February.

    During the 2014-15 campaign, he spent time with the Montreal Canadiens, Anaheim Ducks and the Blue Jackets, before a back injury sidelined him for the remainder of that season.

    Panthers need to keep Luongo rested and refreshed after offseason hip surgery

    Florida Panthers goalie Roberto Luongo (1) reacts after New York Islanders Thomas Hickey scored the game-winning goal during overtime in Game 3 of an NHL hockey first-round Stanley Cup playoff series, Sunday, April 17, 2016, in New York. The Islanders won 4-3. (AP Photo/Adam Hunger)
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    This post is part of Florida Panthers day at PHT…

    Florida Panthers goalie Roberto Luongo has provided an encouraging update on his comeback from offseason surgery.

    At the age of 37 and with 926 regular season games under his belt, Luongo had hip surgery earlier this summer. There was discussion at the time that he might not be ready for the beginning of the regular season in October, but it appears there is reason for optimism with his rehab.

    The Panthers open the season at home against the New Jersey Devils on Oct. 13.

    “I started skating Aug. 5 and there has been slow progression but we’ve ramped it up here the past week or so and it has been good,” Luongo told George Richards of the Miami Herald.

    “I’m not 100 percent; it’s a five month rehab. But I’m feeling better than I thought I would. I thought it would be a slower progression, especially on the ice. It has gone fairly quickly and I’m happy about that. If the season were to start tomorrow, I probably wouldn’t be able to go. But I feel good where I’m at and I’m excited about it.”

    Because of Luongo’s age — he’ll celebrate his 38th birthday next April, just before the playoffs begin — the Panthers made a prudent move in free agency by signing James Reimer to a five-year deal, worth a total value of $17 million.

    To add further depth at the goalie position, the Panthers also brought in Reto Berra.

    The Panthers, at least based on what GM Tom Rowe has said, are in no rush to bring Luongo back until he’s ready.

    “Everything will be determined by how Lou gets through the offseason with his rehabilitation. Right now, it’s going really well. We’ll take it one day at a time. We don’t want to rush him back. We want him to come back on his schedule and just make sure we’re doing everything the right way,” said Rowe in July.

    Signing Reimer is a move for the future, both long and short term.

    He could, this season, take a considerable amount of games as a reliable No. 2, which could help keep Luongo’s energy levels up. And that should be very beneficial for the Panthers, considering Luongo still had a very good season as one of the oldest starters in the league.

    Last season, Luongo appeared in 62 regular season games for the Panthers. He posted strong numbers, with a .922 save percentage. He followed that up in the post-season with a .934 save percentage in six games.

    He saw plenty of playing time, more than 3,600 minutes. He faced more than 1,800 shots. It all took a toll, as he expressed fatigue in the playoffs.

    The expectation is the Panthers make it back to the post-season, perhaps do some damage, too.

    Having a rested and refreshed Luongo in goal would certainly help their cause.

    ‘He doesn’t seem to get rattled’: Blues officially name Alex Pietrangelo team captain

    St. Louis Blues' Alex Pietrangelo (27) skates against the Chicago Blackhawks' in an NHL hockey game Wednesday, Oct. 9, 2013, in St. Louis. (AP Photo/Bill Boyce)
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    The news leaked a day early, but on Thursday the St. Louis Blues made it official: Alex Pietrangelo is the 21st captain in the club’s history.

    Selected fourth overall in 2008, Pietrangelo has played 459 games for the Blues, with 51 goals and 255 points in that span. He takes over the ‘C’ from David Backes, who signed with the Boston Bruins as a free agent this summer, following the Blues’ run to the Western Conference Final.

    “Watching him perform when the game is on the line, he doesn’t seem to get rattled,” said Blues GM Doug Armstrong of Pietrangelo, as per the club’s website.

    “As the captain, you have to answer questions, the tough questions when games are over. I really like his personality, his demeanor to his teammates, to the coaching staff and to the media. He’s someone that has the respect of everyone.”

    In an interview with the St. Louis Post-Dispatch at the end of July, Pietrangelo praised Backes for the impact he had on the young defenseman as he was developing with the Blues.

    “I think being so close with Dave over the five years he was captain, I’ve learned a lot from him just kind of sitting back and seeing how he operates on a daily basis,” said Pietrangelo.

    “Not only on the ice but off the ice, which is a big part of it trying to keep the locker room together and doing the off-ice stuff.”

    The Blues also announced that Alexander Steen, Paul Stastny, Vladimir Tarasenko and Kevin Shattenkirk were named as assistant captains.

    Coyotes GM: Bolland ‘won’t be ready to play for the foreseeable future’ due to injury

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    Arizona Coyotes fans anticipating Dave Bolland‘s debut for his new team will have to wait, and a long time, too, by the sounds of it.

    On Thursday, the Florida Panthers traded the 30-year-old Bolland and prospect Lawson Crouse to the Coyotes in exchange for draft picks. Bolland, who has an annual cap hit of $5.5 million, played in only 25 games last season, scoring once with five points.

    The move frees up plenty of cap space for the Panthers, while the Coyotes did well to pick up a young forward in Crouse, a former first-round pick who has yet to play in the NHL.

    However, at the moment, Bolland is dealing with an injury that could keep him out of any lineup for quite a while. Perhaps the entire season. Taking on Bolland’s salary was a “necessary component” in completing the deal, said Coyotes GM John Chayka.

    Last season, Bolland was a healthy scratch on numerous occasions, which could be frustrating for any player or any organization, but he was locked into a massive five-year, $27.5 million contract.

    And that massive contract, or Florida’s desire to move it along, has cost the Panthers a prospect forward.