Dallas Stars sale down to two Canadian businessmen

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Hicks2.jpgDallas Stars fans, start rejoicing.

The time when Tom Hicks is
no longer the owner of the Stars is drawing ever closer, which can only
be a relief during a time in which the team is completely handcuffed
financially. Hicks Sports Group, the holding company that owns the
Stars, is locked in a financial battle to pay back $525 million in
defaulted loans — HSG is currently attempting sell the Texas Rangers,
and now it seems that the sale of the Dallas Stars is getting ready to
take the next step.

David Shoalts of the Globe and Mail is
reporting that according to his sources, the next owner of the Dallas
Stars will be one of two Canadian businessmen.

The local potential
ownership group, fronted by Jim Lites and with Mike Modano as a
potential member, has fallen out of contention for ownership of the
Stars according to Shoalts.

So that leaves Calgary oil businessman
Bill Gallacher and Vancouver businessman Tom Gaglardi. Per Shoalts:

At this point, there is no favourite in this race but the clear winners
barring any surprise developments will be the NHL and Dallas hockey
fans. If either Gallacher or Gaglardi is presented to the league
governors for approval this summer, it will be a second home run on the
ownership front for NHL commissioner Gary Bettman after some
embarrassing whiffs. Both men have deep pockets, something of a rarity
among NHL owners in recent years.

The key words there are “deep pockets”. As Hicks’ spending habits
started to dry up, so did the Stars ability to continue to maintain a
high level of success. While there certainly some growing pains
associated with the transition to Joe Nieuwendyk’s and coach Marc
Crawford’s new system, it’s seemed for the past few seasons that the
Stars were just a few players away from truly being special —
especially on defense.

The Stars are currently sitting $14 million or so under the salary
cap with six spots open on the roster. In reality, the team is
handcuffed by an internal budget that likely limits the Stars to $10
million under the cap; a very painful proposition for fans that see a
team on the cusp of making the next step.

While Gallacher would be a welcome addition to the NHL and to Dallas, you have to think that Tom Gaglardi would ultimately be the best choice. He is part owner of the Kamloops Blazers and has ties with the NHL already. Gallacher’s deep pockets would be welcome, certainly, but one with deep pockets and an in with the league would be welcomed with open arms.

It’s highly unlikely that a change in ownership will be able to help
the Stars this summer — free agency begins in July and the board of
governors still needs to vote on which ownership group they’d approve.
It’s more than likely that both Gaglardi and Gallacher would be easily
approved, it’s just a matter now of HSG and Tom Hicks deciding on the
better offer. According to Shoalts, the team could be sold for between
$200 and $240 million “depending on how the team’s debt under current
owner Tom Hicks is handled.” Still, a change in ownership this summer
will certainly free up the team for any moves they need to make next
season.

The Stars have seen revenue drop a bit recently, after years of being
one of the highest revenue-producing teams in the NHL. They missed the
playoffs two years in a row for the first time since moving to Dallas
and there is not doubt that the team has taken a backseat to the Dallas
Cowboys, Dallas Mavericks and Texas Rangers — a dangerous position to
be in for hockey in North Texas.

Yet I can tell you that an eager and enthusiastic owner, one who is
smart and yet still willing to spend the money, has the ability to make
Dallas a hockey crazy city once more. The team has recently taken steps
to lower ticket prices and get away from the “corporate” reputation that
had surrounded the team since moving to American Airlines Center — the
lower bowl, once dominated by business-owned season ticket holders, is
now being catered to the true fan.

Whether it’s Bill Gallacher or Tom Gaglardi, there’s no doubt that
the change will be good not only for the Dallas Stars and the fans but
for the NHL as well. Hockey is amazingly popular in Texas and the league
needs for the Stars to be successful. More importantly, the team needs
an owner that knows what it takes to build a successful team. Hicks’
strategy was to hand over control to Bob Gainey and then sit back and
reap the benefits; since his departure as GM it’s been nothing but a
downward spiral.

‘A good start’ — Stamkos stands out in preseason debut

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The Tampa Bay Lightning and National Hockey League unveiled the 2018 All-Star Game logo Friday.

Far more importantly for the Bolts this evening was the return of their all-star center Steven Stamkos, as he made his preseason debut in what was his first game in 10 months.

His 2016-17 season was abruptly ended in the middle of November because of a knee injury and subsequent surgery, making it the second time in four years his regular season had been disrupted by a major injury.

It may still take a while before Stamkos feels truly comfortable coming back from this injury.But his performance on Friday proved to be a very promising start for No. 91, the Bolts and their fans in Tampa Bay.

He didn’t score, but he assisted on two first period goals, including a nice set-up to linemate Nikita Kucherov, and the Lightning beat the Nashville Predators by a score of 3-1. Stamkos also received a healthy dose of ice time, playing more than 19 minutes, including 5:32 on the power play.

His pass to Kucherov resulted in a power play goal.

“It was exciting to get out there, I was pretty anxious about it… It was a good start, something to build on,” said Stamkos afterward, per the Lightning. “It was nice to just go through a game day, I haven’t done it in a long time… I was glad with how the first one went.”

Golden Knights assign 2017 first-round picks Glass, Suzuki to junior

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The Vegas Golden Knights continue to make roster moves during their inaugural training camp.

On Friday, the expansion club assigned four players to junior. That includes 2017 first-round picks Cody Glass of the Portland Winterhawks and Nick Suzuki of the Owen Sound Attack.

The Golden Knights made franchise history by taking Glass with the sixth overall pick and then selected Suzuki at 13th overall. Both players appeared in two preseason games for Vegas, each recording two points in the exhibition opener versus the Vancouver Canucks.

“Nobody is going to rush (the rookies), that’s for sure,” Golden Knights coach Gerard Gallant told the Las Vegas Sun following the club’s 9-4 win over Vancouver on Sunday.

“We are in a position where we want to make sure they are ready to play. They are going to be good players when they’re healthy and strong enough to play in the league.”

Vegas has all three 2017 first-round picks — Glass, Suzuki and Erik Brannstrom — signed to three-year entry-level contracts.

Mitchell signed PTO with Blue Jackets — shortly after getting cut by Blackhawks

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When the Chicago Blackhawks announced their roster moves yesterday, John Mitchell was among the cuts.

His professional tryout with the Blackhawks had come to an end, as it did for veterans Mark Stuart and Drew Miller.

It can be an uphill battle to make an NHL roster for veterans on professional tryouts. But for Mitchell, he quickly received another opportunity to attend a camp and try to land a spot, signing a PTO with the Columbus Blue Jackets.

Mitchell, 32, has appeared in 548 NHL regular season games with 70 goals and 177 points.

Meanwhile, the Blue Jackets are still without forward and restricted free agent Josh Anderson, as the two sides are stuck in a contract impasse right now. It was reported on Thursday that his representatives have been in contact with Hockey Canada about the 2018 Olympics.

Calgary mayor: ‘Errors of omission’ in Flames arena proposal

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On Thursday, the Calgary Flames released a report claiming they were prepared to contribute $275 million for a new arena, with additional funding — in the ball park of $225 million — from a Community Revitalization Levy.

On Friday, Calgary Mayor Naheed Nenshi responded to the proposal and the events of yesterday.

“I wouldn’t say dishonesty. I would, however, say that there are perhaps some errors of omission,” Nenshi told reporters, according to Global Calgary, when asked if there had been a level of dishonesty from the Flames with their proposal.

The Flames not only released a report with financial details to their website, but they also took out ads in local newspapers. Nenshi took issue with the details the Flames released yesterday.

“What was in that ad was not actually what the last deal on the table with the city was,” he said.

“For example, yesterday you saw that the Flames’ owners are claiming that they’re putting $275 million up front. Makes it sound like a (check) is being put on the table. Certainly that has not been discussed. That would’ve really changed things had that been the discussion.

“The discussion, the last I saw, was the Flames were putting $100 million in and the rest would be a ticket tax, which they wanted the city to take out, to get for and to front. I’m not quite sure how that equals the Flames putting in money up front.”

Yesterday, the Flames added in their report that, after two years of discussions with the city about a new arena, they will no longer pursue a new arena in Calgary.

The Flames currently play at the Saddledome, which is now 34 years old.