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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    Penguins shouldn’t rush to replace Bonino

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    This post is part of Penguins Day on PHT…

    Nick Bonino was an important player for Pittsburgh the past two years. So when he signed with Nashville on July 1, it was natural for Penguins fans to want an immediate replacement.

    But for GM Jim Rutherford, finding a new third-line center may take some time. The Penguins might even start the season without knowing who it will be.

    What Rutherford wants to avoid is panicking and being forced into a mistake. All the other general managers are well-aware of what he needs. He’s probably been thrown a few anvils already.

    “There’s a couple of guys I could acquire right now,” Rutherford told the Post-Gazette on Wednesday. “I feel like there’s another group of guys that could possibly be available here soon. Kind of just waiting to see if that happens. Something could happen in the very near future or this could drag on for a little while.”

    If nothing is done by the start of the season, the Penguins could give someone like Jake Guentzel a chance to take over Bonino’s role. Or, if they’d prefer to keep Guentzel in the top six, maybe a youngster like Daniel Sprong or Zach Aston-Reese would be game to try, at least on a temporary basis.

    It should be noted that Rutherford has proven a savvy mid-season trader. In 2015-16, he brought in Carl Hagelin and Trevor Daley, a couple of veterans who played big roles on the way to a Stanley Cup title. And then, last season, he acquired Ron Hainsey, who likewise played a key part in a championship.

    Perhaps owing to that experience, Rutherford says he’s more comfortable waiting to unearth a solution than “trading for somebody where I’m not sure whether they can help us or not.”

    In fairness, it’s not easy to just replace a productive third-line center whose salary was a bargain. The Penguins had Bonino for a cap hit of just $1.9 million, and he turned his time in Pittsburgh into a four-year, $16.4 million deal with the Predators.

    One potential target that’s come up in speculation is the Maple Leafs’ Tyler Bozak, who just so happens to be Phil Kessel‘s good friend and former center.

    Bozak, 31, has one year left on his contract before he can become an unrestricted free agent, a status that naturally lends itself to trade speculation.

    But with a $4.1 million cap hit, making room for Bozak could be a challenge for the Penguins. And on top of that, the Leafs are bound to ask a fair bit for a guy who had 55 points (18G, 37A) last season.

    That’s why it’s so hard to win back-to-back Stanley Cups in today’s NHL. The Penguins were lucky to bring back mostly the same roster last season.

    Things will be different in 2017-18.

    Related: Matt Murray discusses the ‘new look’ Penguins

    Tavares says ‘no rush’ to sign extension with Isles

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    John Tavares keeps saying all the right things about his future with the New York Islanders.

    But that doesn’t change the fact he still doesn’t have a contract extension in place.

    Tavares, who can become an unrestricted free agent next summer, spoke with Newsday yesterday, telling the newspaper he was in “no rush” to sign and that he’s comfortable to just “let the process run its course, keep the lines of communication open, keep it all internal.”

    It’s been reported that the Isles’ uncertain arena situation could be complicating matters. It’s still not clear where the team will call home for the long term.

    On that topic, Tavares chose to avoid making any definitive statements.

    “The possibility with Belmont and that RFP coming out, there’s great potential there,” the 26-year-old said. “We’ll see where it goes. A lot of those things are out of my hands. Some things I don’t try to worry about them too, too much. I’m just a hockey player. I try to be as best prepared as I can be. It’s a big decision obviously because it’s eight years of my career, really entering into my prime years and a great opportunity for myself to achieve what I set out to achieve when I was a kid, making it to the NHL, wanting to win a Stanley Cup and wanting to do that with the Islanders.”

    There’s more in the interview, including his thoughts on the Isles’ offseason moves. Click here to give it a read.

    Tavares also spoke with Newday about the thumb surgery he had in April. All’s well on that front, according to the captain.  

    “I felt I didn’t want this reoccurring and the recovery time was only six weeks,” he said, “so it was the right thing to do once the season ended.”

    Related: Tavares open to signing contract extension this summer

    Under Pressure: Derrick Pouliot (again)

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    This post is part of Penguins Day on PHT…

    For the second straight year, Derrick Pouliot is our pick for the Pittsburgh player under the most pressure heading into the season.

    Perhaps we should just focus on someone else, but the Penguins gave the 23-year-old defenseman a one-year contract extension in July. The eighth overall pick in the 2012 draft, Pouliot knows time is running short to prove Pittsburgh didn’t make a big mistake.

    It should be compelling to watch how he fares.

    “I’ve got to make an impact right away and show that I belong in the NHL,” he said, per the Post-Gazette. “It’s been three years now. I haven’t fully established myself yet. I want to take it one step at a time and build as the year goes on.”

    Pouliot felt he had a strong finish to his AHL season, and perhaps that will help his confidence heading into camp.

    But it’s worth noting that he’s no longer exempt from waivers. So unless he earns a spot, that could mean a change of scenery, with the Penguins either losing him for nothing or trading him for pennies on the dollar.

    Pouliot could feasibly crack the opening roster as Pittsburgh’s eighth defenseman, behind Kris Letang, Justin Schultz, Brian Dumoulin, Olli Maatta, Ian Cole, Chad Ruhwedel and new addition Matt Hunwick.

    He could then languish on that roster until an injury gives him a chance to play.

    The first step, though, is coming into camp and building off the back half of last season.

    “For me to establish myself as an NHL defenseman, a regular guy in the lineup, it’s kind of playing how I ended the season: solid defensively, consistent in that regard,” Pouliot said, per the Tribune-Review. “That’s been one thing that’s always been brought up about me, inconsistency. So I think it’s starting with that and building each game.”

    Looking to make the leap: Zach Aston-Reese

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    This post is part of Penguins Day on PHT…

    With a number of departures from a roster that won back-to-back Stanley Cups, it’s imperative that the Pittsburgh Penguins get a push from some of their prospects in 2017-18.

    One of the top candidates to earn a regular spot is forward Zach Aston-Reese, a 23-year-old who just wrapped up an impressive career at Northeastern University.

    Aston-Reese signed with the Pens in March, hoping to follow in the footsteps of fellow undrafted NCAA products Chris Kunitz and Conor Sheary.

    In a twist, Kunitz is one of those departed players that Aston-Reese may help replace.

    “He was a college free agent, too, and kind of a goal scorer his last couple years in college,” Aston-Reese said of Kunitz, per NHL.com. “Just made a career for himself playing with good guys and being able to put the puck in the back of the net.”

    Aston-Reese scored 31 goals in 38 games for the Huskies last season, making him a finalist for the Hobey Baker Award.

    But despite all the accolades, he knows he’s still just a prospect, with a lot left to learn, and a lot left to prove.

    “Whether we start up top or down in Wilkes-Barre, I think it’s important to be in the same mindset that, you’re trying to get better every day you show up to the rink,” he said, per the Post-Gazette. “If we do get that opportunity, we need to have a good mindset, produce and do what they ask of us.”