Thrashers update: Local interest exposed, True North seeks Winnipeg’s help with debt

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The latest round of news revolving around the potential relocation of the Atlanta Thrashers reveals some not-so-great reports for both sides. Unfortunately for Thrashers fans, the outlook continues to be pretty grim on their end.

Many Thrashers fans attached some hope to a potential new local owner nicknamed “The Balkan.” That previously shadowy figure was revealed to be Detroit-arena venture capitalist JB Smith. Smith is reportedly interested in a package deal that would include the Thrashers, Atlanta Hawks and Phillips Arena. Unfortunately, various reports indicate that he might not have the cash to swing such a deal.

Beyond that, there is the rather thorny issue that the Atlanta Spirit group allowed San Diego Padres owner John Moores an exclusive window to buy the Hawks and Phillips Arena without the Thrashers. That same report indicates that Moores and the Atlanta Spirit still have a way to go to make a deal in that area, if it even gets done.

Based on recent evidence, it sounds like it would be awfully difficult to find a viable owner to keep the Thrashers in Atlanta, at least in time to satisfy the Atlanta Spirit group. Keep in mind this situation is still far from decided, though.

The last bit of news is that True North is asking for some government help to free up money to buy the Thrashers. True North hopes to free up debt from running the MTS Centre, the building that would house the relocated and re-named Thrashers. The difference is that it looks like local government will cooperate with True North, according to the Winnipeg Free Press. That stands in contrast to Atlanta’s perceived indifference toward keeping the Thrashers from moving.

Here’s the lowdown on True North’s negotiations with the city of Winnipeg, via the Winnipeg Free Press.

True North, which owns the MTS Centre, is looking to the province to help it manage the debt load it carries on the downtown arena in order to free up money to help pay for the relocation of the NHL team to Winnipeg.

A source said that request from True North is being studied by the province and in all likelihood will be accepted. The value of the request, or if it involves a low or no-interest loan, is not known.

“The building is a public asset,” said a source explaining why the province is interested in an arrangement that sees aid go to the MTS Centre. “It will never move.”

Keeping with previous patterns, signs point to the Thrashers moving to Winnipeg, but there are still a lot of moving parts involved right now. As always, we’ll keep you updated, as there could be quite a few twists and turns left.

Blues have ‘wiggle room’ after locking up Parayko

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The St. Louis Blues didn’t break the bank to keep Colton Parayko for five more years, and that’s important since they don’t believe the NHL’s salary cap will rise significantly in the next little while.

Parayko’s cap hit came in at a manageable $5.5 million, as the two sides narrowly avoided an arbitration hearing that was scheduled for today.

“You like to have as much wiggle room as possible,” GM Doug Armstrong said, per the St. Louis Post-Dispatch. “Now we view the cap will stay flat for the foreseeable future. We’re content with the space we have. We’ll move forward and get ready for training camp.”

The Blues now have a number of key players locked up long term, including Parayko, Alex Pietrangelo, Vladimir Tarasenko, Alex Steen, Jaden Schwartz, Patrik Berglund, and Jake Allen.

For Armstrong, the next big decision could involve Paul Stastny, the 31-year-old center who can become an unrestricted free agent next summer.

But a decision on Stastny doesn’t need to be made now, or even before the season starts. It’s the trade deadline that could be the real pressure point, akin to the Kevin Shattenkirk situation this past year.

Per CapFriendly, the Blues have just over $3 million in cap space, with one roster spot left to fill.

‘Highly unlikely’ Suns will pursue shared arena with Coyotes

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The Arizona Coyotes appear to be on their own in pursuit of a new arena in the Phoenix area.

That’s because Robert Sarver, the owner of the NBA’s Phoenix Suns, says it’s “highly unlikely” he’ll pursue a shared arena with the Coyotes.

Instead, Sarver is focused on upgrading the Suns’ current home (and Coyotes’ old home) in downtown Phoenix, Talking Stick Resort Arena.

From the Arizona Republic:

Sarver said building a new arena would have “maybe made more sense” four or five years ago when the cost estimate was $450 million to $500 million. The costs now, Sarver said, are “significantly higher.” Thus his focus on upgrading Talking Stick, which soon will be the second-oldest arena in the NBA.

“I think it’s the most economically viable alternative for the city and us,” he said. “I like downtown Phoenix. That’s my first preference. I think the NBA is more of an urban game. That’s our demographic.”

Talking Stick Resort Arena, formerly called America West Arena when the Coyotes played there, was designed for basketball and isn’t ideal for hockey. In that way, it’s a lot like Barclays Center in Brooklyn, which hasn’t been a great fit for the Islanders.

The Coyotes recently hired a new president and CEO, Steve Patterson, whose top priority is finding the team a new home in the Phoenix area.

Crosby to celebrate 30th birthday with Stanley Cup in Nova Scotia

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HALIFAX, Nova Scotia (AP) Sidney Crosby will mark his 30th birthday by once again parading the Stanley Cup in his province.

In tweets sent out by the Sidney Crosby Hockey School, Crosby said he would hoist the trophy in the streets of Halifax and Dartmouth as part of an annual civic parade.

“Get ready, the Stanley cup is coming to town!” Crosby confirmed in the tweet sent late Tuesday night. “I will be taking Lord Stanley to the streets Monday August 7th in the Halifax-Dartmouth Natal Day parade.”

The parade, part of annual events that celebrate Halifax’s birthday, also happens to fall on the Pittsburgh Penguins captain’s 30th birthday.

Natal Day chairman Greg Hayward said he expects another 25,000 people will be lining the parade route on top of the roughly 40,000 usual attendees.

“It’s extremely exciting to think that we’re going to have Sid and the Cup in our Natal Day parade,” Hayward said Wednesday.

Crosby has shown off the Stanley Cup twice before in his hometown of Cole Harbour, just outside Dartmouth, in 2009 and 2016.

Last July, Crosby carried the Cup in the back of a pickup that made its way to an arena in Cole Harbour as thousands of cheering fans looked on in sweltering heat.

Arbitration hearing looming for Arvidsson, who broke out in big way last year

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Viktor Arvidsson wants a one-year deal worth $4.5 million, while the Nashville Predators are countering with a two-year deal worth $5.5 million ($2.75 million AAV).

That’s the situation with an arbitration hearing scheduled for Saturday, according to Sportsnet’s Elliotte Friedman.

The two sides could still reach a deal before each case is heard.

Arvidsson, 24, broke out in a big way last year, scoring 31 goals during the regular season, then helping the Preds to their first Stanley Cup Final in franchise history.

But Nashville needs to be careful with its cap situation, because Ryan Johansen also needs a new contract, and he won’t be cheap to re-sign.

Arvidsson just wrapped up his entry-level contract.