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

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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.

Report: Blue Jackets RFA Anderson in contact with Hockey Canada about 2018 Olympics

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The preseason is well underway and Josh Anderson is still without a contract.

Anderson, who scored 17 goals and 29 points last season for the Columbus Blue Jackets, is one of two remaining restricted free agents without a new deal. The other is Andreas Athanasiou of the Detroit Red Wings.

While there were reports this summer about Athanasiou potentially going to the KHL for this season, John Shannon of Sportsnet reported on Thursday that Anderson’s representatives have reached out to Hockey Canada’s staff about the 2018 Olympics. 

Anderson’s entry-level contract, with an AAV of just over $894,000, expired at the end of last season.

Meanwhile, here is the latest on this ongoing contract situation.

Making an impression: Sergachev has ‘NHL written all over him’

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Mikhail Sergachev has, over the summer, stated his belief he can play in the NHL this season.

He had a small taste of NHL action last season, appearing in four games for Montreal — the team that selected him ninth overall in 2016 — before getting sent back to junior and then being traded in June to Tampa Bay, as part of a blockbuster involving Jonathan Drouin to the Habs.

Well, Sergachev made a statement Wednesday in his preseason debut for the Lightning.

He scored once. He also played more than 22 minutes, which led all Lightning players on the night. That included time on the power play and penalty kill. If he was looking to make a favorable impression, to show that he belongs at the NHL level when the regular season begins, this seems to be another step in that direction.

“You watch this kid skate, shoot, stickhandle, he’s got NHL written all over him,” Tampa Bay’s associate coach Rick Bowness told the Tampa Bay Times. “Now we’ve got to give him experience. How much can he handle?”

There is competition on the blue line, with eight defensemen under contract in Tampa Bay for this season. That includes Sergachev, who is still only 19 years old. After getting sent back to junior last season, he recorded 43 points in 50 games with Windsor and then won the Memorial Cup that spring. That said, he’s made it a point of saying going back to junior “is not an option” for him.

Related:

Looking to make the leap: Mikhail Sergachev

Report: Lupul will have ‘independent medical exam’

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Joffrey Lupul issued a statement Wednesday, saying he wouldn’t seek a second medical opinion after the Maple Leafs announced he didn’t pass his training camp physical.

A day later, reports have surfaced that the 33-year-old forward will, in fact, undergo another, independent medical test.

That is according to James Mirtle of The Athletic:

Earlier this week, Lupul made accusations against the Maple Leafs on Instagram.

“I’m ready … just awaiting the call,” Lupul wrote in the comments section of the Instagram post, per a screen grab. “haha failed physical? They cheat. Everyone lets them.”

Lupul, who didn’t pass his physical for a second year in a row, issued an apology yesterday. But those comments — which have since been deleted — seem to have grabbed the attention of the league.

Darren Dreger of TSN added to that, saying it’s the NHL pursuing a second medical opinion on this matter.

“The National Hockey League has that right to pursue the second opinion. That’s exactly what they’re engaging in right now,” Dreger reported Thursday.

“The reasoning behind it is because of the comment that Lupul made on social media. I’ll go back a year ago. The league didn’t step in a year ago but Lupul stayed quiet at that point. So they want to make sure — ‘They’ being the National Hockey League — that the medical evaluation from the Toronto Maple Leafs is 100 per cent above the board.”

Team USA won’t include NHL draft-eligible prospects at 2018 Olympics

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BUFFALO, N.Y. (AP) General manager Jim Johannson has ruled out the possibility of the U.S. men’s hockey team having NHL draft-eligible prospects competing at the Winter Olympics in February.

Johannson tells The Associated Press he doesn’t view anyone from the 18-and-younger pool of prospects capable of cracking the projected lineup of non-NHL players, many of whom are opening this season playing in Europe.

USA Hockey’s assistant executive director says he’s also targeting a number of established college players, and would not rule out keeping a spot or two open for members of the U.S. team competing at the World Junior Championships this winter.

Johansson spoke in Buffalo, New York, on Thursday, where he is attending USA Hockey’s sixth annual All-American Prospects game. The game features the top 42 U.S.-born players eligible to be selected in the NHL draft in June.