Matthew Hulsizer

Here we go again: Matthew Hulsizer drops bid to buy the Phoenix Coyotes

9 Comments

Winnipeg might have a new team, but the ongoing saga in Arizona with the Phoenix Coyotes continues on into an embarrassing situation.

Phoenix Business Journal reports today that prospective buyer, Chicago businessman Matthew Hulsizer, is dropping his bid to buy the team from the NHL.

Mike Sunnucks has the report from the desert where the circus side show in how not to sell a team rolls onward.

The official, who asked not to be identified, said the Hulsizer ownership group did not want to go through another several-month process of Glendale trying to sell the Coyotes to their group or other potential owners.

Sources familiar with the deal said late last week that Glendale was talking to Hulsizer and two other potential owners: Chicago Bulls and White Sox owner Jerry Reinsdorf and another unnamed group.

Rewind back to two summers ago and you’ll remember when Jerry Reinsdorf was initially brought in to be the savior of hockey in the desert. Reinsdorf seemingly feigned interest in doing so just to help move the calendar along and open the door for Ice Edge Holdings to step in and try to do their part and buy the team. Of course, Ice Edge Holdings couldn’t come to a deal and while they spun their tires in the sand, that bought time for Matthew Hulsizer to move in.

Hulsizer’s actions made fans and members of the City of Glendale city council feel overjoyed and excited to have a guy that cared about the team and wanted to see them stay in Arizona… At a price. Hulsizer was willing to put up close to $100 million of his own money to buy the team, but with the cost of debt rising for the team being owned by the NHL, so did the price to purchase the foundering organization.

With the price of the team jumping up to more than $190 million Hulsizer sought help from the City of Glendale to buy the team in the form of $100 million in a parking plan for the Westgate City Center that would see that cost slowly paid out over the years. That plan, however, has been challenged endlessly by the Goldwater Institute as they viewed it a violation of the state’s gift clause. With that plan tabled and more hoops to jump through for Hulsizer, he’s on the way out and potentially looking at other buying opportunities. With the St. Louis Blues in need of new money and New Jersey Devils looking for a new minority investor in the team, Hulsizer will have better chances there.

With the Coyotes back at square one once again and their future in doubt, there’s one bit of solace Coyotes fans can take out of this: There isn’t an immediate outside buyer for the team that’s looking to grab the team and move them out of Arizona. With True North now owning the Winnipeg Jets, formerly the Atlanta Thrashers, there’s no immediate pressure to get something done. If there are no buyers, the pressure is on the NHL to find them be they interested in staying in Arizona or not. Right now, Glendale will go back to Reinsdorf to see if he can save them. The amount of stock you can put into believing the part about a “mystery buyer” with interest is about as believable as a fairy tale.

This situation in Phoenix is a disaster and the fact that Hulsizer is out after the City of Glendale opted to pony up $25 million for the second year in a row based upon their faith that Hulsizer would get a deal done is embarrassing all around. The Glendale City Council comes off looking like a band of fools, Hulsizer looks bad even though it’s more on the City of Glendale for running him around with nonsense, and once again Coyotes fans are left holding the bag and having to continue worrying about what’s going on with their team. While there’s no reason to fret about the team leaving this time, being in complete limbo about the future isn’t any fun either.

Things need to change here and unfortunately for Coyotes fans, the one way this madness ends could be if an outside buyer comes in and whisks the team away somewhere else. That’s a miserable end game for everyone involved.

No hearing scheduled for Abdelkader after Barkov hit

7 Comments

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)
Getty
16 Comments

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
Getty
4 Comments

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.

NHL on NBCSN: Slumping Wild look to get back on track against Stars

Dallas Stars left wing Antoine Roussel (21), from France, scores a goal past Minnesota Wild goalie Devan Dubnyk (40) in the third period of an NHL hockey game, Monday, Dec. 21, 2015, in St. Paul, Minn. The Stars won 6-3. (AP Photo/Ann Heisenfelt)
Associated Press
2 Comments

NBCSN will continue its coverage of the 2015-16 campaign tonight when the Minnesota Wild host the Dallas Stars at 8:00 p.m. ET. If you want to watch the game online, you can do so here.

If you’re a fan of the Minnesota Wild, the last few weeks probably haven’t been pleasant.

The team has been slumping badly since the beginning of the new year, and late January/early February has been no different.

The Wild come into tonight’s game having dropped five straight decisions to the Sharks, Coyotes, Islanders, Rangers and Blues.

Minnesota has just 10 goals during the losing streak, which means their top offensive players aren’t producing.

Head coach Mike Yeo tried to shake things up on Saturday night by scratching Thomas Vanek and Jason Zucker, but that didn’t work. The Wild were thumped, 4-1, by the St. Louis Blues.

After playing their last three games on the road, Minnesota hopes to get a boost from their home crowd.

“One thing for sure, [there are] mixed feelings about coming back home,” Yeo said on Monday, per the Star-Tribune. “Right now, obviously, a little home cooking would be nice for us. But I’d be lying if I wasn’t a little nervous for tomorrow. Certainly I think our fan base is a little restless — more than a little restless right now. And they expect more from us. And they deserve more of us.”

Things haven’t been as bad in Dallas, but the Stars are coming off an embarrassing 5-1 home loss to the Chicago Blackhawks.

“It was a huge game,” forward Vernon Fiddler said, per the Morning News. “We talked about it before the game, what it means, and then we lay an egg. It’s unacceptable. There’s a lot of disappointed guys in here.

“After a big loss like that, you want to respond. We all have to be better and take a look in the mirror and expect more of ourselves.”

Prior to Saturday’s loss, the Stars had won three straight games.

Could this be a trap game for Dallas?

They won’t have to wait long to get another crack at the Blackhawks, as they’ll be shipping out to the United Center on Thursday, but they have to take care of business in Minnesota first.

The Stars are five points behind Chicago for top spot in the Central Division. Dallas has three games in hand.