Dallas Stars on the brink of being sold… Or are they?

Thumbnail image for Hicks2.jpgThe Hockey News’ Ken Campbell put a charge into things around the hockey world today saying that the Dallas Stars were on the verge of being sold to Canadian oilman Bill Gallacher for $225 million. Not only would the sale involve Gallacher but also a host of other wealthy guys, including one man who’s already kind of a big deal in Dallas.

THN.com has learned Calgary oilman Bill Gallacher, who also owns the Portland Winterhawks of the Western League, heads up a group of investors that has reached an agreement in principle to buy the Dallas Stars for about $225 million. The deal has yet to be signed and either side could back out of it, but it appears the deal will get done soon.

One possible scenario has Dallas Mavericks owner Mark Cuban jumping back into the fray. Cuban was reportedly turned off by the $350 million price being asked by Hicks, but might be enticed by a much lower price. Owning the Stars would effectively give Cuban 100 percent of the revenues generated at the American Airlines Center, one of the busiest venues in North America. Currently co-tenants in the arena, the Mavericks and Stars split arena revenues 50-50, including non-sports events such as concerts.

I don’t know about you, but if Mark Cuban were to get involved at NHL Board of Governors meetings or start showing up to Stars games in full gear while yelling at the referees I’d watch every single Stars home game just waiting to see Cuban lose his mind over everything. Nevermind that Cuban was shot down by the NHL Board of Governors years ago when he tried to get involved in buying the Pittsburgh Penguins, jumping in as a minority buyer would surely pass muster…

That is if this report were totally locked in as being accurate. Take it away Five For Fighting.

I talked to two NHL sources and they say that The Hockey News report that Bill Gallacher has agreed to buy the Stars for $225 million is not accurate.
They say the sale process is ongoing and that Gallacher is a candidate to buy the team, but that they have not gotten as far in the process of agreeing to a price with any buyer. One said the reported price was too low.

More than $225 million for an NHL team? That’s the kind of mad money that only Jim Balsillie would throw around. Of course, if eager-to-sell-and-hide Stars owner Tom Hicks is insistent that he get $350 million for the Stars, he might be waiting around for a long, long time. At some point, if you’re eager to sell, you just have to cut your losses and get out but Hicks is a better businessman than I am for probably a few reasons. Then again, I also don’t own the Texas Rangers and Liverpool Football Club either so what do I know?

For Stars fans, if this initial report from Ken Campbell happens to be not true, the hockey fans in Dallas are going to go ballistic because while grown up men are fighting over hundreds of millions of dollars, the team is in a funky brand of limbo. They’ve got some players they’d like to move for salary reasons (Mike Ribeiro) and at least one restricted free agent they’d like to get locked down under contract (James Neal).

Meanwhile, general manager Joe Nieuwendyk can’t really do anything overly drastic without knowing what he can do financially to appease ownership. Obviously, the sooner things get taken care of it’ll be better for the team but until then, the waiting continues.

Update:

Mike Heika of the Dallas Morning News adds this soul-crushing update to the Mark Cuban possibilities.

By the way, Mark Cuban’s e-mail response when I asked if he was indeed interested was: “not me, no idea who.”

Well that stinks.

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    Sweet ride: Blackhawks sponsor CJ Wilson Racing’s Porsche Cayman at Road America

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    Chicago Blackhawks fans, start your engines!

    Yes, according to MotorSportsTalk, the Blackhawks have become the main sponsor of CJ Wilson Racing’s No. 35 car, a Porsche Cayman GT4 Clubsport, for the upcoming IMSA Continental Tire SportsCar Challenge event at Road America next month.

    That’s a sweet ride.

    From MotorSportsTalk:

    The partnership will officially launch at the United Center on Wednesday, August 3, from 11 a.m. until 1 p.m in advance of Saturday’s race. Fans will have the opportunity to get up close to the car, meet the drivers and Blackhawks Ambassador Denis Savard, and have their picture taken.

    The race takes place Aug. 6 at Road America in Wisconsin.

    Third team’s the charm? Devils ink Gormley to one-year, two-way deal

    <>during the first period at TD Garden on November 12, 2015 in Boston, Massachusetts.
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    Since being selected by the Coyotes at 13th overall in the 2010 NHL Draft, Brandon Gormley has had a difficult time breaking into the league on a full-time basis.

    On Thursday, the 24-year-old Gormley joined his third NHL team, signing with the New Jersey Devils on a one-year, two-way deal worth $650,000 at the NHL level, the club announced.

    Despite his draft status, Gormley has yet to play a full season in the big league, although this deal could give him an opportunity to end that. For the Devils, the deal adds more depth to the blue line in the organization and for a friendly price.

    Last season, Gormley split time between the Colorado Avalanche and its farm team, the San Antonio Rampage. Despite some high expectations about where he could fit on the Avs’ blue line, he was eventually put on waivers in January.

    He ended the season with one assist in 26 games with the Avalanche, and hit the open market after Colorado didn’t give him a qualifying offer.

    Wild sign Dumba to two-year, $5.1M deal

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    After ongoing contract talks between the Minnesota Wild and restricted free agent defenseman Matt Dumba, the two sides have come to a deal.

    The Wild announced Thursday that they had signed Dumba to a two-year deal, worth a total value of $5.1 million.

    A breakdown of the new deal:

    — In 2016-17: $2.35 million.

    — In 2017-18: $2.75 million.

    Selected seventh overall by the Wild in 2012, Dumba had his most productive campaign this past season, with 10 goals and 26 points in 81 games.

    Known for his offensive skills — he had 20 goals and 57 points with Red Deer in the WHL in his draft year — Dumba also brings a coveted right-shot to the Wild blue line, which features four players with contracts of four or more years of term remaining.

    As per General Fanager, the Wild still have $2.168 million in projected cap space, but they have secured all their remaining restricted free agents.

    Rangers bring back forward Marek Hrivik (Updated)

    NEW YORK, NEW YORK - APRIL 09:  Marek Hrivik #46 of the New York Rangers skates against the Detroit Red Wings at Madison Square Garden on April 9, 2016 in New York City. The Rangers defeated the Red Wings 3-2.  (Photo by Bruce Bennett/Getty Images)
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    The New York Rangers announced that they’ve re-signed Marek Hrivik to a new contract. The term and financial details of the deal were not released.

    Hrivik signed with the Rangers as an undrafted free agent in May 2012. The 24-year-old made his NHL debut in 2015-16 and ended up playing five games for the Rangers. He had one assist and a plus-3 rating during his time in the NHL.

    Updated:

    The young forward was an important part of New York’s AHL affiliate in Hartford. Hrivik finished his AHL campaign with 12 goals and 29 assists. He tied for the team lead in assists and finished third in points.

    If you go by Hrivik’s tweet, it appears as though he signed a one-year contract:

    Now that Hrivik is re-signed, the Rangers have no more free agents of any kind, per General Fanager.