City of Glendale: Sale of Coyotes to Ice Edge Holdings in trouble

coyotes1.bmpThe never-ending soap opera in the desert concerning the sale of the Phoenix Coyotes continues to take awful turns for fans of hockey in Arizona. Rebekah Sanders of the Arizona Republic breaks news tonight that the City of Glendale, where the Coyotes currently reside at Jobing.com Arena, says that negotiations to sell the team to Ice Edge Holdings is in trouble.

A group seeking to buy the Phoenix Coyotes has not complied with terms that Glendale officials believe are required to pursue the purchase, city leaders confirm.

But Ice Edge Holdings and the National Hockey League say the deal is moving forward.

The dust-up is the latest in a series of negotiations between Glendale and at least two team bidders that have collapsed and resurfaced over a tortuous year for local hockey fans.

The group of Canadian and American investors was required to show Glendale proof of its financing last month in order to negotiate exclusively with the city and work on a detailed lease for the Coyotes to play at city-owned Jobing.com Arena.

At the deadline, Glendale said Ice Edge had submitted “some of the required financial information.” City officials declined public records requests for more detail.

But on Monday, city spokeswoman Julie Frisoni revealed that Ice Edge has failed to submit some of the required documents, five weeks past the deadline. She would not elaborate on the missing files.

Though the deadline for exclusivity is gone, Frisoni said, the city can still negotiate with Ice Edge.

But the clock is ticking. The tentative agreement between Glendale and Ice Edge aimed to conclude negotiations Aug. 6.

“We have a very tight timeline to make the deal,” Frisoni said.

While the deal that gave Ice Edge exclusivity in the rights to buy the team was hailed as a success, there’s been a lot of ill wind blowing around this situation all along. Think back to Jerry Reinsdorf being brought in at the NHL’s urging to help show that there was an interest by a proven owner to purchase the team. Reinsdorf was granted the same exclusivity that Ice Edge has but Reinsdorf got out of the mix to buy the team when Ice Edge stepped up.

When Ice Edge was granted the right of exclusivity, the NHL and the City of Glendale worked out an agreement to ensure that the team would stay there by ponying up $25 million if the NHL didn’t have a buyer for the team worked out by June 30th. Whoops, good bye money for the city, but hey they’ve still got a team and they’ve got a definitive future buyer in Ice Edge, right? Not so fast.

In all truth, this is just yet another apparent failing on behalf of all parties to sell this team. First it was Jerry Moyes trying to sneak out in the dark of night and hand the team over to Jim Balsillie and now it’s on the NHL to act as the kindly benefactor for the fans in Arizona and all that’s happened to this point, aside from a great season out of the Coyotes last year, is having the home town lose a ton of money and to have the future of the team staying in Glendale once again remain very much up in the air.

Ice Edge’s response to this news as well as the NHL’s likely “no comment” on the matter will follow this up soon. Ice Edge has been very honest and up front about everything all along as they’re the “people’s choice” for buying the team. Any kind of wavering in their words when discussing matters will be crushing for the fans in Glendale and Phoenix, and may once again spark hope in Winnipeg that they might soon get their team back. At the very least, there’s one guy that will be excited about that.

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    Report: Leafs in process of acquiring Brian Boyle

    TAMPA, FL - OCTOBER 13:  Brian Boyle #11 of the Tampa Bay Lightning celebrates a goal against Detroit Red Wings during a game at the Amalie Arena on October 13, 2016 in Tampa, Florida. (Photo by Mike Carlson/Getty Images)
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    The Toronto Maple Leafs are buyers.

    According to TSN’s Bob McKenzie, the Leafs are in the process of acquiring forward Brian Boyle from the Tampa Bay Lightning.

    The deal hasn’t been finalized yet, so no word on a return for the Bolts.

    Boyle, 32, is a pending unrestricted free agent. Given the Lightning are fairly well back of a playoff spot and have a number of young pending RFAs — including Tyler Johnson, Ondrej Palat, and Jonathan Drouin — it makes sense for GM Steve Yzerman to trade Boyle now, a la Ben Bishop.

    Boyle has 13 goals and nine assists in 54 games this season. He also has a ton of experience, having appeared in 100 postseason games for the Rangers and Lightning.

    The Leafs are not assured of a playoff spot quite yet. Barely clinging to the second wild-card spot in the East, they kick off a three-game California trip tomorrow in San Jose.

    Another Canadian team, the Edmonton Oilers, was also reportedly interested in Boyle.

    Trade: Wild and Coyotes pull off another, as Pulkkinen heads to Arizona

    NEW YORK, NY - OCTOBER 23:  Teemu Pulkkinen #17 of the Minnesota Wild skates against the New York Islanders at the Barclays Center on October 23, 2016 in the Brooklyn borough of New York City. The Islanders defeated the Wild 6-3.  (Photo by Bruce Bennett/Getty Images)
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    Chuck Fletcher and John Chayka might want to consider a friends and family phone plan.

    For the second time in as many days, the Minnesota and Arizona GMs have combined on a trade, as the Coyotes have acquired winger Teemu Pulkkinen from the Wild in exchange for future considerations.

    Yesterday, in a much more significant deal, the Wild acquired forwards Ryan White and Martin Hanzal in exchange for a package of draft picks.

    Pulkkinen, 25, has been a terrific scorer at the AHL level, but hasn’t seen that form carry over to the NHL. Detroit, the team that drafted him in the fourth round of the 2010 draft, waived him just prior to the start of this season. He was claimed by the Wild, but only appeared in nine games before getting waived again, and then spent most of the year in Iowa.

    True to form, Pulkkinen played very well in the American League, and made this year’s All-Star team.

    With the Coyotes, Pulkkinen will get another look at the NHL level, as he’ll join the team in Boston rather than report to their AHL affiliate in Tucson. Chayka has tried to find similar reclamation projects this year — Peter Holland, Alex Burmistrov — and the Coyotes could end up needing bodies should they continue to sell off veterans.

    Radim Vrbata could be moved by Wednesday’s deadline, as could captain Shane Doan.

    Shattenkirk has to look out for himself

    ST LOUIS, MO - MAY 23:  Kevin Shattenkirk #22 of the St. Louis Blues skates against the San Jose Sharks in Game Five of the Western Conference Final during the 2016 NHL Stanley Cup Playoffs at Scottrade Center on May 23, 2016 in St Louis, Missouri.  (Photo by Dilip Vishwanat/Getty Images)
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    If the St. Louis Blues can’t turn Kevin Shattenkirk into something significant, don’t expect a warm reception whenever he returns to Scottrade Center as a member of a different team.

    The 28-year-old defenseman is a pending unrestricted free agent who’s not expected to re-sign with the Blues. He may be traded prior to Wednesday’s deadline. If not, he’ll likely walk away for nothing this offseason.

    Given the above, Shattenkirk understands why many Blues fans were upset that he nixed a trade with Tampa Bay by turning down the Bolts’ contract offer.

    That being said, this is a big decision for the high-scoring d-man. He’s in line for a huge payday, and he wants to make the right call for the sake of his future.

    “It’s not trying to hold things up or hold anything back from these guys,” Shattenirk told the Post-Dispatch, “but that’s where the tough part of this decision comes, doing what’s best for yourself and what could be your only chance with this opportunity in your entire career.”

    The Blues, of course, lost two players to free agency this past summer when David Backes signed with Boston and Troy Brouwer with Calgary.

    Earlier this month, after Ken Hitchcock was fired as head coach, GM Doug Armstrong said he felt the Blues had turned into a group of “independent contractors.”

    “One of the things I’ve learned about being around St. Louis is the Cardinals,” Armstrong said. “They don’t have independent contractors. When they do, they get rid of them.”

    It’s hard now not to see a relation between that comment and Shattenkirk’s situation, given the nixing of the trade with the Lightning apparently came a couple of weeks before Armstrong made the remark.

    Trade coming? Devils healthy scratch Quincey

    NEWARK, NJ - FEBRUARY 21:  Kyle Quincey #22 of the New Jersey Devils skates during an NHL hockey game against the Ottawa Senators at Prudential Center on February 21, 2017 in Newark, New Jersey. Senators won 2-1.  (Photo by Paul Bereswill/Getty Images)
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    The writing’s on the wall for Kyle Quincey.

    Quincey, the veteran defenseman on a one-year deal in New Jersey, will be a healthy scratch for tonight’s game against Montreal.

    As is often the case for healthy scratches around the trade deadline, many are assuming this is a safety precaution and precursor to a move. You can count Quincey among those thinking it.

    “It’s not done yet, that’s kind of where we’re at right now,” said Quincey, per NorthJersey.com. “Whatever happens, it’s out of my control. I’ve been through it. It’s another day.

    “I’ve had a great year with these guys. It’s not over yet but, if it is, I’m very thankful for the opportunity with the boys here.”

    Quincey, 31, carries a modest $1.25 million cap hit — that comes off the books this summer — and has been good value for the Devils this year. He’s scored four goals and 12 points through 53 contests, averaging 18:38 TOI per night, and is an ideal defensive depth addition for playoff-bound clubs.

    What’s more, Quincey’s appeared in 54 career postseason contests.

    Among the teams rumored to be looking at defensive help? Edmonton, and it’s worth noting that head coach Todd McLellan was an assistant in Detroit when Quincey broke in during the 2005-06 campaign, and the pair spent three seasons together.

    What’s more, Oilers GM Peter Chiarelli has a history from his Boston days of adding depth d-men at the deadline — Andrej Meszaros in ’14, Wade Redden in ’13, Greg Zanon/Mike Mottau in ’12 and Tomas Kaberle in ’11 — and McLellan did say the club could use another body on the blueline.

    Don’t forget Chiarelli has history with Devils GM Ray Shero, as the two pulled off the Taylor Hall-for-Adam Larsson trade last summer.