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Report: Dallas Stars sale progresses as potential owner Tom Gaglardi agrees to terms

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While the Dallas Stars don’t have the same do-or-die ownership situation as the Phoenix Coyotes, there is at least one reason for urgency: Brad Richards’ pending unrestricted free agent status.

Getting a new owner in place wouldn’t guarantee the return of Richards, but continued uncertainty would almost certainly prompt his departure. As silly as it might be to worry about one player in the complicated scope of ownership situations, Richards was a huge reason the Stars overachieved this season, even if they ended up just short of the playoffs.

The latest news is that potential owner Tom Gaglardi agreed to a price and “most of the terms” to buy the team, according to the Globe & Mail.

Former PHT writer Brandon Worley points out that this isn’t the end of the process, though. The Coyotes situation should be a good example of why these processes aren’t done until the new owner is confirmed. Worley points out that the Stars would probably need to go to bankruptcy court before the process can be completed.

Two very important facts to take note of from this report, if true: This is the closest we’ve been to the sale actually going through since the team was put on the market well over a year ago, and just because Gagliardi has agreed to terms doesn’t mean that the sale is anywhere near final. He still has, apparently, a 30 day window of exclusive negotiating to narrow down the price and terms of the sale and there’s also the very real chance this thing has to go to bankruptcy court first.

While not exactly a certainty, it appears that the sale getting done prior to the unofficial “deadline” of July 1st is getting closer to becoming a very real possibility.

Interestingly enough, the sale would include a 50-percent share of the American Airlines Center, home of the Stars and NBA’s Dallas Mavericks. The NHL is reportedly against the team going to bankruptcy court and only half-confirmed the story, according to the Globe & Mail.

NHL deputy commissioner Bill Daly declined to clarify the situation. He said in an e-mail message Monday the source’s information is “partially true and partially inaccurate. Unfortunately, I’m not in a position to specify which is which.”

Gaglardi said he was “not at liberty to discuss” the situation.

The winning bidder over two Dallas groups – led by local oil men Doug Miller and Billy Quinn – Gaglardi is chairman of his family’s business, Northland Properties Corp., which counts a hotel chain, restaurants and ski resorts among its holdings.

Gaglardi, who in 2008 lost a court fight with Francesco Aquilini for control of the Vancouver Canucks, also owns the Kamloops Blazers of the WHL in partnership with NHL players Shane Doan, Jarome Iginla and Mark Recchi.

The Stars have missed the playoffs for three straight seasons and are in a period of uncertainty after firing head coach Marc Crawford. The Globe & Mail reports that the team probably lost about $15 million in the 2010-11 season, which isn’t a shocking estimate considering their attendance issues.

I doubt that the ownership issues made an impact beyond the team’s most passionate fans, but it couldn’t help being that the team is undergoing a playoff drought and also lost well-known players such as Mike Modano and Marty Turco.

That being said, if the Stars can bring back Richards and add some depth to a top-heavy team, they could be a serious contender next season. Whether it’s Gaglardi or someone else, they’ll need an owner with deep pockets to do so. We’ll keep you updated as the Stars try to beat that July 1st deadline.

For Sens, Phaneuf brings experience and ‘security on the back end’

OTTAWA, CANADA - APRIL 12: Dion Phaneuf #3 of the Toronto Maple Leafs passes the puck against Erik Condra #22 of the Ottawa Senators on April 12, 2014 at Canadian Tire Centre in Ottawa, Ontario, Canada.  (Photo by Francois Laplante/FreestylePhoto/Getty Images)
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If it felt like this morning’s Dion Phaneuf trade came out of the blue, well, it kinda did.

According to Senators GM Bryan Murray, talks only got “serious” this past weekend during a phone call with Maple Leafs GM Lou Lamoriello.

“He called me about something else,” said Murray. “I brought up Dion’s name.”

The way the Sens had been playing, it’s no surprise to hear that Murray had been looking for a “little more security on the back end,” as he put it.

“You hear people talk all the time that we’re dreadful in our own end,” he said. “We haven’t been great. We’re getting better. This we believe will be a good addition. It’s about getting an experienced leader, good person, hard-working, competitive guy to add to the mix in our top four.”

Phaneuf is expected to start on the Sens’ second pairing with Cody Ceci. Ottawa’s top d-man, Erik Karlsson, typically skates with Marc Methot.

While Murray called the multi-player deal a “hockey trade,” he conceded there were financial considerations involved.

“It had to work financially for us, as well as for Toronto,” he said. “It gives them relief in the latter part of the contract, I suspect, and it gives us some working pieces to go forward with for the next couple of years.”

What do the Sens expect from Phaneuf?

“Just to be a solid person, player,” said Murray. “Come in and give a little experience to the back end. Play his game the way he plays it.”

“He’ll just bring, we hope, a presence to this organization,” Murray continued. “It appears right now that we’ve got a lot of young guys that are going to be fitted in and playing. Our depth and youth, it’s good. We just needed a little bit of help.”

One thing Murray doesn’t expect?

“We don’t expect him to come in here to be a savior. We expect him to come in here and just be the hockey player that he is.”

Ottawa plays tomorrow in Detroit, where Phaneuf is expected to make his Senators debut.

The Sens and Leafs play March 5 in Toronto.

No hearing scheduled for Abdelkader after Barkov hit

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There’s no disciplinary hearing scheduled for Detroit forward Justin Abdelkader following his big check on Florida’s Aleksander Barkov last night, an NHL spokesman has confirmed.

The incident, which occurred early in the second period, left Barkov woozy and forced him from the game entirely. Abdelkader wasn’t penalized on the play — that, along with the hit itself, infuriated the Panthers and head coach Gerard Gallant.

“It was a cheap hit, I don’t know how the ref didn’t call it,” Nick Bjugstad told the Miami Herald.

“I thought it was a cheap shot but the referees didn’t see it that way,” Gallant added, noting that Abdelkader “left his feet a little and got [Barkov] in the jaw.”

Abdelkader has run afoul of the Department of Player Safety before. He was suspended two games during the ’13 playoffs for a hit on then-Ducks defenseman Toni Lydman.

The Panthers are back in action tonight, as they take on the Sabres in Buffalo.

Detroit doesn’t play again until Wednesday, when it hosts the Sens at Joe Louis.

Dion Phaneuf traded to Senators

LOS ANGELES, CA - JANUARY 07:  Jordan Nolan #71 of the Los Angeles Kings is knocked off balance by Dion Phaneuf #3 of the Toronto Maple Leafs during the second period at Staples Center on January 7, 2016 in Los Angeles, California.  (Photo by Harry How/Getty Images)
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And this is why we listen when Bob McKenzie says something.

The Ottawa Senators have acquired defenseman Dion Phaneuf, forwards Matt Frattin, Casey Bailey, and Ryan Rupert and undrafted defensive prospect Cody Donaghey from the Toronto Maple Leafs in exchange for defenseman Jared Cowen, forwards Colin Greening, Milan Michalek and Tobias Lindberg, plus Ottawa’s second-round pick in the 2017 draft.

No salary will be retained by either team.

From the Leafs’ perspective, the trade provides even more cap flexibility for their rebuild. Phaneuf is signed through 2020-21 for a cap hit of $7 million; he’s entirely on Ottawa’s books now. As for the guys coming to Toronto, Michalek, Cowen, and Greening are only under contract through next season, for a combined cap hit of around $10 million. And according to the Ottawa Sun’s Bruce Garrioch, both Cowen and Greening could be bought out by the Leafs this offseason.

The Sens, meanwhile, get to add a workhorse defenseman to a blue line that already includes Erik Karlsson. Plus, they rid themselves of some onerous contracts.

Report: ‘Lots of Dion Phaneuf trade chatter’

Dion Phaneuf
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This isn’t the first time Toronto captain Dion Phaneuf has come up in trade rumors — far from it — but since it’s TSN’s Bob McKenzie putting it out there, we should probably listen.

“Hearing lots of Dion Phaneuf trade chatter,” McKenzie tweeted this morning. “Starting to think he could actually be dealt before the deadline.”

Phaneuf has three goals and 21 assists in 51 games this season, while logging an average of 22:02 in ice time. The big factor in trading the 30-year-old is his contract — he’s signed through 2020-21 for a cap hit of $7 million. 

Responding to McKenzie on Twitter, TSN’s Darren Dreger seemed to suggest Ottawa as a potential landing spot. The Sens, as we’ve noted recently, have had all sorts of defensive issues this season.

In the past, Detroit has come up as a potential destination for Phaneuf, though the Wings reportedly withdrew their interest in June.