Matthew Hulsizer

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.

Some tough decisions await the Blues

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Yet again, the St. Louis Blues failed to achieve their ultimate goal.

And boy does it hurt right now.

“We’re all hurting,” coach Ken Hitchcock said last night after getting eliminated by the San Jose Sharks in the Western Conference Final.

“You don’t want this to be our best opportunity. You want this to be a building block. In this game, in this era, in this cap world, you don’t know where you’re going to be a year from now.”

Indeed, GM Doug Armstrong has some tough decisions to make this offseason.

At the top of the list is whether to bring Hitchcock back. Yes, the Blues did better than 26 other teams, and yes, they finally got past the first round. Still, there are people who believe this will be it for the head coach, that a new voice could help. Overall, Hitchcock has done a great job in St. Louis. But then, so did Todd McLellan in San Jose. Sometimes, change can be good.

Then there are the unrestricted free agents. Both captain David Backes and winger Troy Brouwer need new contracts. The former is 32, the latter 30. The former had seven goals in the playoffs, the latter eight. How much money will they want? How much term? The second question might be the most important.

On the back end, it’s Kevin Shattenkirk that will garner the most attention. He’s signed through next season before he can become an unrestricted free agent. Just 27 years old, and considering the demand for what he does, he’ll be very expensive to keep. And with the emergence of Colton Parayko, trading Shattenkirk could probably be justified, especially if the return is good. A team like the Boston Bruins might be willing to pay up.

Right now, the pain is still fresh for the Blues.

“It’s so hard to win in the league right now,” said Hitchcock. “It’s so hard to win a series. So hard to just get in the playoffs. When you get this far, you get this close, you think you got the opportunity.”

The challenge for Armstrong will be to give his team another opportunity next season. And with the draft less than a month away, all these tough decisions will need to be made very soon.

Goals of the Week get tougher as Cup Final approaches

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The Stanley Cup Final is almost upon us and picking the very best Goals of the Week is a tough task. See how we did on this edition!

Just for Men: Mike Commodore

RALEIGH, NC - JUNE 14:  Mike Commodore #22 of the Carolina Hurricanes warms up before game five of the 2006 NHL Stanley Cup Finals against the Edmonton Oilers on June 14, 2006 at the RBC Center in Raleigh, North Carolina.  (Photo by Elsa/Getty Images)
Getty
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Maybe one would argue that time hasn’t been kind to the 2006 Stanley Cup-winning Carolina Hurricanes (at least compared to the pedigree of other winners), but Mike Commodore’s incredible red afro and beard rank as one of hockey’s most timeless combinations.

Seriously, just take a step back from your monitor* and bask in the splendor of that carrot-topped Commodore.

Even then-President George W. Bush remarked on Commodore’s bushy hair and beard (or its tragic absence) when the Canes visited the White House:

THE PRESIDENT: Thank you all for coming. Have a seat. It’s a pretty big deal for a guy that doesn’t know how to ice skate — (laughter) — to welcome the Carolina Hurricanes to the White House. We appreciate you coming. You know, I’m not sure what is prettier, the Stanley Cup, or Mike Commodore’s hair. (Laughter.) A little disappointed you got a haircut. (Laughter.) But, welcome.

Good stuff.

And it really is kind of disappointing any time you see Commodore relatively clean-shaven. It’s like Superman without a big “S” on his chest or Metallica with short hair or any number of not-quite-right sights.

* – If you’re doing the Rumsfeld-style “standing at your desk” thing then … kneel for a second maybe?

Here’s your Stanley Cup playoffs schedule for tonight

Stanley Cup
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There’s nothing better than a Game 7, especially when a spot in the Stanley Cup Final is up for grabs. The Tampa Bay Lightning and Pittsburgh Penguins will battle in a do-or-die game for the right to play the San Jose Sharks with Lord Stanley on the line. You can watch the game via the NBC Sports Group’s television and digital platforms.

Tampa Bay at Pittsburgh (8:00 p.m. ET)

The television broadcast of Game 7 will be on NBCSN. To stream the game using the Live Extra app, click here.

Here’s some reading material to get you ready for this one:

Penguins, Lightning prepare for ‘roller coaster’ Game 7

Penguins force Game 7 after holding off Lightning rally

Lightning lament Game 6 effort, Cooper doesn’t blame disallowed goal