Nashville Predators ownership group gives William 'Boots' Del Biaggio the boot

predatorslogo.gifThe history of sports is littered with swaggering, more-talk-than-walk owners, especially in the not-always-financially-stable NHL. Old money guys might not be the most PR-savvy or exciting, but aside from the occasional breakthrough in the form of Mark Cuban, most of the attention-seekers tend to fall on their faces (see: the Tampa Bay Lightning’s former owners Oren Koules and Len Barrie).

So it must come as quite a relief to the Nashville Predators (and their fans) to rid their franchise of William “Boots” Del  Baggio. The team released word that their former partial owner is now completely out of the picture.

Nashville Predators Chairman Tom Cigarran announced today that the Predators ownership group has completed the purchase of the franchise ownership shares previously held by Forecheck Investments, LLC (William “Boots” Del Biaggio previously owned 83% of Forecheck Investments).

The transaction has been approved by all the necessary parties, including the National Hockey League and the Metro Nashville Sports Authority. As a result of the transaction, the local ownership group now owns more than 95% of the franchise ownership shares.

“This is a significant step for the Predators franchise on several levels,” Cigarran said. “First and foremost, it strengthens our franchise’s financial position and eliminates a significant future liability. In doing so, it closes the book on a distraction and allows the Predators and fans to move forward, focusing on what matters most – putting the best possible team on the ice and creating the best possible in-arena atmosphere and entertainment experience. Also, while the franchise was initially known as Nashville’s team because it was created here in Music City, this transaction reinforces that theme as more than 95% of the ownership shares are now held by local residents.”

Considering the team’s need to lay down local roots, it’s great to hear that the team is now 95 percent locally owned. While they are years away from being one of the league’s biggest spending teams (if they ever get to the level), you have to imagine that stable ownership could help the team go from scrappy, defensive-minded overachievers to a club that might actually be able to get past the first round of the playoffs.

The timing is right, too, when you look at the fact that their one true star Shea Weber will be a restricted free agent after next season. Sometimes blue chip players want a stable organization – not just gobs of money – to stay with a team, so this could make a big impact on Weber’s opinion of the club.

And who knows, they might be able to land promising free agents in the future, too.

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    Report: If the Sabres can sign Vesey, they could be more willing to trade Kane

    MONTREAL, QC - FEBRUARY 03:  Evander Kane #9 of the Buffalo Sabres speaks with referee Kevin Pollock #33 during the NHL game against the Montreal Canadiens at the Bell Centre on February 3, 2016 in Montreal, Quebec, Canada.  The Buffalo Sabres defeated the Montreal Canadiens 4-2.  (Photo by Minas Panagiotakis/Getty Images)
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    If the Buffalo Sabres can sign Jimmy Vesey, they may be more willing to trade winger Evander Kane.

    That’s what TSN 1040 (Vancouver) radio host Matt Sekeres has been hearing, and what he’s hearing does make a lot of sense.

    Kane, whose off-ice issues are once again making headlines, has two years left on his contract before he can become an unrestricted free agent. He plays the same position as Vesey, 23, who’s currently Buffalo property but can sign with any team he chooses on Aug. 15.

    Even if the Sabres can’t convince Vesey to join them, Kane could still be traded. GM Tim Murray has already conceded that his patience is wearing thin with the 24-year-old that he acquired from Winnipeg not long ago. Alex Nylander, drafted eighth overall in June, plays the same position as Kane, and Murray has said it’s possible the teenager could make the jump to the NHL next season.

    Buffalo, Boston and Toronto have generally been considered the favorites to land Vesey. Chicago and Pittsburgh have also been mentioned.

    Related: Cue the Kane-to-Vancouver speculation

    Leafs avoid arbitration with Peter Holland

    TORONTO, ON - APRIL 11: Peter Holland #24 of the Toronto Maple Leafs skates up the ice during NHL action against the Montreal Canadiens at the Air Canada Centre April 11, 2015 in Toronto, Ontario, Canada.  (Photo by Abelimages/Getty Images)
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    The Toronto Maple Leafs won’t require arbitration with forward Peter Holland. They’ve signed the 25-year-old to a one-year deal worth a reported $1.3 million.

    Holland had a hearing scheduled for today. Last week, the Leafs sent a message by putting him on waivers, which he cleared.

    Holland had nine goals and 18 assists in 65 games last season. With him signed, the Leafs have only defensemen Frank Corrado and Martin Marincin as restricted free agents. Corrado has an arbitration hearing scheduled for tomorrow; Marincin’s is next Tuesday.

    Related: Corrado and Leafs aren’t that far apart

    Arbitration looming this week for Mrazek and DeKeyser

    TAMPA, FL - APRIL 16: Nikita Kucherov #86 of the Tampa Bay Lightning is checked by Danny DeKeyser #65 of the Detroit Red Wings in front of Petr Mrazek #34 in Game One of the Eastern Conference Quarterfinals during the 2015 NHL Stanley Cup Playoffs at Amalie Arena on April 16, 2015 in Tampa, Florida. (Photo by Mike Carlson/Getty Images)
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    This is an important week in the Detroit Red Wings’ offseason, with Petr Mrazek‘s arbitration hearing scheduled for Wednesday and Danny DeKeyser‘s for Thursday.

    GM Ken Holland would prefer to avoid the hearings, which can sometimes result in hurt feelings.

    “I think a negotiated settlement is always better than having an arbitrated settlement,” Holland told MLive.com. “Obviously, both sides run (the risk) of somebody’s not going to be happy.”

    That being said, in Mrazek’s case, the two sides still have a ways to go. Remember that the 24-year-old netminder was excellent for most of 2015-16, but in Holland’s words, “the wheels came off a little bit in the middle of February.”

    Hence, the divide:

    DeKeyser, meanwhile, is more of a proven NHL commodity. He’s had three full seasons in the league. In the 26-year-old defenseman, the Red Wings pretty much know what they’ve got.

    “There’s way more comparables, I think, in Dan DeKeyser‘s case so it was easier to figure out what was the market place,” said Holland. “That’s certainly not the case of Petr Mrazek’s situation.”

    Holland’s work will not be finished once Mrazek and DeKeyser are signed. He still wants to add another defenseman, and he’s got a surplus of forwards to work with.

    Related: Holland makes argument to keep Jimmy Howard

    Flyers sign Brayden Schenn to four-year deal

    Philadelphia Flyers' Brayden Schenn reacts after scoring during the second period of an NHL hockey game against the Calgary Flames on Monday, Feb. 29, 2016 in Philadelphia. (AP Photo/Tom Mihalek)
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    The Flyers won’t require today’s scheduled arbitration hearing with Brayden Schenn. They’ve agreed to terms with the 24-year-old forward on a four-year contract with a reported cap hit of $5.125 million.

    Schenn had a career-high 26 goals and 33 assists in 2015-16. His 59 points were the third most on the Flyers, behind only Claude Giroux‘s 67 and Wayne Simmonds‘ 60.

    The Schenn signing leaves the Flyers with just over $1 million in cap space for 2016-17, but no major free agents remaining. RFA defenseman Brandon Manning still needs a contract, but that’s it, per General Fanager. Manning has an arbitration hearing scheduled for Aug. 2.

    Related: Coyotes sign Luke Schenn