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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.

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