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City of Glendale will pony up $25 million again to keep Coyotes for another year

After the City of Glendale paid up their bill to the NHL earlier this week taking the hit for $25 million in operating losses last season, the city is prepared to go to the mat once again to buy more time to save the team from leaving Arizona.

The Glendale City Council is set to meet on Tuesday night and on the docket for discussion is a vote to see whether or not they will approve the same $25 million earmarked to pay the NHL for operating losses. According to Rebekah Sanders of The Arizona Republic, if the council votes to approve that money the team will stay in Arizona for yet another season.

NHL Deputy Commissioner Bill Daly had this to say about the impending interim deal between the City of Glendale and the NHL to keep the team locked into Jobing.com Arena and the city once again.

“As we have for the past two-plus years, we have been working very closely with the City of Glendale to do everything possible to ensure the Coyotes’ future in Glendale,” NHL Deputy Commissioner Bill Daly told NHL.com. “At the City’s request, we have agreed to pursue another one-year interim arrangement while we jointly pursue a long-term ownership solution. We remain confident that one exists, and we intend to continue to pursue it.”

That makes it all sound easy. The hard part, of course, is justifying a probable cost of $25 million being tossed down the drain once again. The money is ponied up with the expectation that the NHL will get a deal cut with Matthew Hulsizer and his group to sell the Coyotes to him and keep the team in Arizona for good.

After Hulsizer stepped up to be the man, the dealings have run cold and even led to rumors from Forbes today that he was having cold feet about the deal in Glendale and was turning his attention towards St. Louis to invest in. Inside sources have told PHT that those rumors are unfounded and that Hulsizer and his group are continuing to fight for the Coyotes and keep them in Glendale.

Making this situation all the stranger are some of the statements coming from members of the Glendale City Council. The Globe & Mail’s Eric Duhatschek heard from city councilor H. Philip Lieberman about what going ahead with this extra $25 million is all about for the City and his thoughts are curious given that there’s one big problem to all this yet to be squared away.

However, Lieberman noted that “we do not have a signed deal with Hulsizer -and there is some discussion as to whether we will ever get one or not get one. I don’t personally want to give him $110-million.

“In my mind, this (proposal) will give us a year to find somebody else who may be willing to buy it and come up with much more money. Real money – instead of city money.”

So let’s chalk all of this up here. The City of Glendale wants to take another $25 million hit to buy another year of negotiations with Hulsizer and fighting the Goldwater Institute to try and carve out a deal, meanwhile the team continues to lose money but the city won’t have a barren arena that they’re still paying off for having it built in the first place.

Got all that?

The situation is a mess and one that makes every part of this deal a gigantic mess. The City of Glendale opting to pony up another heaping amount of taxpayer money is the part that really makes me feel uncomfortable about everything, however. From the deal that Hulsizer is trying to work out with the city, one that’s being challenged vigilantly by the Goldwater Institute, in which the city wants to put up even more taxpayer money so Hulsizer catches a break not having to put up all of his own money to buy the team – nothing at all about this is neither normal nor seems right.

What’s most unfair about this is that it’s the fans stuck holding the bag here. More directly, it’s the citizens of Glendale that are taking the hit. It’s their tax money that’s going to pay for Jobing.com Arena and it’ll be even more of their money that goes to paying the NHL just to buy more time to negotiate a deal with Hulsizer that may see even more tax money put up as collateral so he can just purchase the team.

Nothing about any part of this deal feels right from a civic perspective. Asking a city to keep coughing up this much money to cover for a money pit of a bad original deal cut by the previous owners of the team comes off as a hostage situation. The City of Glendale suffers big time without the Coyotes, but the franchise and the city suffer with a team that continues to sit in limbo. David Ellman, Jerry Moyes, and the NHL have helped make this mess and now they’re doing anything in their power to fix it or cover it up. Here’s to hoping they don’t turn this situation into something out of The Simpsons when Lyle Lanley sold Springfield on the monorail.

Islanders agree to terms with Dennis Seidenberg

BOSTON, MA - JUNE 08:  Dennis Seidenberg #44 of the Boston Bruins skates against Mason Raymond #21 of the Vancouver Canucks during Game Four of the 2011 NHL Stanley Cup Final at TD Garden on June 8, 2011 in Boston, Massachusetts.  (Photo by Harry How/Getty Images)
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Word surfaced on Wednesday morning that the New York Islanders were expected to sign veteran defenseman Dennis Seidenberg.

On Wednesday night, the team announced that it has officially agreed to terms with him on a one-year contract. Financial terms of the deal were not disclosed, but according to TSN’s Darren Dreger earlier in the day the value is reported to be $1 million.

Seidenberg is currently playing a significant role for Team Europe, a surprise finalist against the heavily favored Canadians.

The 35-year-old defenseman was unexpectedly bought out by the Boston Bruins over the summer. He had two years remaining on his contract, with a cap hit of $4 million.

Seidenberg was a key part of the Bruins’ Stanley Cup champion team in 2011, but injuries limited him to just 61 games last season, and his average ice time fell below 20 minutes for the first time since he was with the Hurricanes in 2007-08.

He’ll likely take on a bottom-pairing role with the Islanders, below Nick Leddy, Travis Hamonic, Johnny Boychuk, and Calvin de Haan. He may even be the extra defenseman, pushing the likes of Thomas Hickey, Ryan Pulock, Adam Pelech, and Scott Mayfield for a spot in the lineup.

Related: Seidenberg shocked by Bruins’ decision

Rieder’s agent thinks trade from Coyotes is best for both parties

GLENDALE, AZ - OCTOBER 02:  Tobias Rieder #8 of the Arizona Coyotes in action during the NHL preseason game against the San Jose Sharks at Gila River Arena on October 2, 2015 in Glendale, Arizona.  (Photo by Christian Petersen/Getty Images)
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It seems that Winnipeg Jets defenseman Jacob Trouba isn’t the only unsigned restricted free agent that might be looking for a fresh start somewhere else.

Arizona Coyotes forward Tobias Rieder also seems to be ready to explore other options.

It’s already been known that Rieder is frustrated in his current negotiations with the Coyotes and will not attend training camp once he is finished playing for Team Europe at the World Cup.

On Wednesday afternoon, his agent, Darren Ferris, told Arizonasports.com’s Craig Morgan via email that he thinks it would be best for both parties if the Coyotes simply trade his client at this point, and that Rieder is “really disappointed” with the team.

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“It’s unfortunate that a good kid gets treated this way. He never balked at the defensive role they made him play, and they don’t seem to value the intangibles he brings to the team.”

The Coyotes do not seem to have any interest in actually dealing Rieder at this point.

There’s a lot of rhetoric here, and that really should not be a shock considering the circumstances, but when looking at the numbers that are being talked about this doesn’t seem like a situation that should be beyond repair. A middle ground isn’t that far off.

According to Rieder’s agent, he is seeking a two-year deal worth $2.5 million per year. The team is reportedly holding strong with either an offer at $2.2 million per year, or a lower one-year qualifying offer. Again, that’s not a huge gap in terms of asking price. In actual salary it’s a total of $600,000 over two years, while the cap hit is only an extra $300,000 each year. For a young player that is already fairly productive and still has some upside to get better.

The middle ground in those two numbers would be a cap hit of $2.35 million per season.

The 23-year-old Rieder has played two full seasons in the NHL with the Coyotes and is coming off of a 14-goal, 37-point performance.

Originally a fourth-round draft pick by the Edmonton Oilers, the Coyotes acquired Rieder in a 2013 trade for Kale Kessy. Seeing as that Kessy has yet to play a single game in the NHL and only recorded 12 points in 56 AHL games a season ago it’s been a pretty good deal for the Coyotes.

Now they just need to find a way to make sure they can continue to benefit from it by trying to bridge this (relatively speaking) small gap in contract talks.

NHL odds: Coyotes biggest long shot to make playoffs in 2016-17

GLENDALE, AZ - SEPTEMBER 26:  (L-R) Christian Dvorak #18, Luke Schenn #2, Radim Vrbata #17, Dakota Mermis #43 and Max Domi #16 of the Arizona Coyotes celebrate after Schenn scored a first period goal against the Los Angeles Kings during the preseason NHL game at Gila River Arena on September 26, 2016 in Glendale, Arizona.  (Photo by Christian Petersen/Getty Images)
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With Max Domi, Anthony Duclair, Oliver Ekman-Larsson and Dylan Strome all in place, the Arizona Coyotes have an exciting core of young talent that should have a bright future in the NHL.

From a big picture outlook, there are plenty of reasons for optimism surrounding the Coyotes.

Vegas, on the other hand, isn’t a big believer in the Coyotes chances for the 2016-17 season.

The folks at Bovada released their playoff odds for the upcoming season and the Coyotes opened as the biggest long shot to make the playoffs (-600 to miss the playoffs; +400 to make them).

Here are the odds for every team, via Bovada.

Playoff Odds (From Most Likely to make the playoffs to least likely to make the playoffs)

Washington Capitals – To make the Playoffs?
Yes -1000 (1/10)
No +600 (6/1)

Tampa Bay Lightning – To make the Playoffs?
Yes -850 (17/2)
No +525 (21/4)

Chicago Blackhawks – To make the Playoffs?
Yes -800 (1/8)
No +500 (5/1)

Pittsburgh Penguins – To make the Playoffs?
Yes -800 (1/8)
No +500 (5/1)

St Louis Blues – To make the Playoffs?
Yes -800 (1/8)
No +500 (5/1)

San Jose Sharks – To make the Playoffs?
Yes -700 (1/7)
No +475 (10/4)

Los Angeles Kings – To make the Playoffs?
Yes -300 (1/3)
No +240 (12/5)

Dallas Stars – To make the Playoffs?
Yes -280 (4/15)
No +220 (11/5)

Florida Panthers – To make the Playoffs?
Yes -280 (4/15)
No +220 (11/5)

Nashville Predators – To make the Playoffs?
Yes -280 (4/15)
No +220 (11/5)

New York Rangers – To make the Playoffs?
Yes -280 (4/15)
No +220 (11/5)

New York Islanders – To make the Playoffs?
Yes -250 (2/5)
No +200 (2/1)

Anaheim Ducks – To make the Playoffs?
Yes -180 (5/9)
No +150 (3/2)

Boston Bruins – To make the Playoffs?
Yes -165 (20/33)
No +135 (27/20)

Montreal Canadiens – To make the Playoffs?
Yes -165 (20/33)
No +135 (27/20)

Philadelphia Flyers – To make the Playoffs?
Yes -150 (2/3)
No +120 (6/5)

Minnesota Wild – To make the Playoffs?
Yes -140 (7/5)
No +110 (11/10)

Winnipeg Jets – To make the Playoffs?
Yes -115 (20/23)
No -115 (20/23)

Calgary Flames – To make the Playoffs?
Yes +120 (6/5)
No -150 (2/3)

Edmonton Oilers – To make the Playoffs?
Yes +120 (6/5)
No -150 (3/2)

Detroit Red Wings – To make the Playoffs?
Yes +125 (5/4)
No -155 (20/31)

Colorado Avalanche – To make the Playoffs?
Yes +150 (3/2)
No -180 (5/9)

Vancouver Canucks – To make the Playoffs?
Yes +180 (9/5)
No -225 (4/9)

Buffalo Sabres – To make the Playoffs?
Yes +240 (12/5)
No -300 (1/3)

New Jersey Devils – To make the Playoffs?
Yes +250 (5/2)
No -325 (4/13)

Ottawa Senators – To make the Playoffs?
Yes +250 (5/2)
No -325 (4/13)

Toronto Maple Leafs – To make the Playoffs?
Yes +250 (5/2)
No -325 (4/13)

Columbus Blue Jackets – To make the Playoffs?
Yes +275 (11/4)
No -350 (2/7)

Carolina Hurricanes – To make the Playoffs?
Yes +300 (3/1)
No -400 (1/4)

Arizona Coyotes – To make the Playoffs?
Yes +400 (4/1)
No -600 (1/6)

If you’re feeling bold, the Coyotes aren’t the worst bet to make here. They are certainly not a lock to make the playoffs, but the biggest long shot seems like it is a little much as well.

Getting into one of the top three spots in the division is going to be tough because Anaheim, Los Angeles and San Jose had a pretty commanding lead for those spots. But the Coyotes still weren’t that far out of a playoff spot this past season, finishing in 10th place in the Western Conference, nine points out of the second wild card spot. It’s not like they were a bottom-feeder in the NHL. Plus, they made the move over the summer to bring in veteran defenseman Alex Goligoski to help on the blue line and should have Strome, the No. 3 overall pick from a year ago, ready to make his NHL debut.

Report: Ekblad cleared by Panthers doctors

NASHVILLE, TN - JANUARY 30:  Aaron Ekblad #5 of the Florida Panthers poses for a 2016 NHL All-Star portrait at Bridgestone Arena on January 30, 2016 in Nashville, Tennessee.  (Photo by Sanford Myers/Getty Images)
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Aaron Ekblad has been medically cleared by Florida Panthers doctors, according to TSN’s Darren Dreger.

That’s a big relief for everyone involved after Ekblad was injured while representing Team North America in the World Cup. The injury was originally reported as a “mild” concussion, though it was later called a neck injury.

The 20-year-old has since been back on the ice working out.

“Ekblad is going to be fine,” Panthers coach Gerard Galant said. “You see him out there skating already. I think it was a little scary, but he feels real good. He’s going to skate and see how he feels, but everything looks good.”

The first overall pick in the 2014 draft, Eklbad had already dealt with at least one concussion during his playing career. He suffered one in an international exhibition game during the summer of 2014, just prior to his outstanding rookie season with the Panthers.