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Former Texas Rangers CEO Chuck Greenberg becomes latest name attached to Dallas Stars sale

If recent NHL ownership situations taught us anything – from the fumbling in Phoenix to the Atlanta Thrashers’ quick relocation to Winnipeg and Terry Pegula’s charmed start with the Buffalo Sabres – it’s that it is rarely safe to assume anything until the ink dries on official contracts. I’ll go ahead and pause so you can apply a grain of salt to the latest round of Dallas Stars sale rumors.

OK, now that you’ve been debriefed on the requisite disclaimers, the latest rumor is that former Texas Rangers CEO Chuck Greenberg might jump into the fray that is the impending sale of the Stars. Mike Heika added a little more steak to the sizzle by citing two unnamed sources who confirmed that Greenberg has been approved as a “potential buyer” for the Stars.

Vancouver businessman Tom Gaglardi was considered the frontrunner as the next Stars owner for quite some time and he recently enjoyed an exclusive negotiating window to buy the team. That being said, Heika reports that other teams will be allowed to outbid Gaglardi’s attempts once that process is completed. There are also some complications because the team will need to go through bankruptcy before a deal can be made, so this process is far from resolved.

I apologize in advance if the next few paragraphs make your head spin, but here is a breakdown of what could happen in the near future, via Heika.

In addition to a judge probably opening an auction in a pre-packaged bankruptcy hearing, there is a chance the NHL and the lenders show Gaglardi’s offer to other potential buyers before they even go to bankruptcy. That way, they could hold an auction before the auction and possibly make the pre-packaged bankruptcy go smoother and more quickly.

It is believed that other groups who have been approved to look at the books – a group that includes local businessman Billy Quinn teaming with Mavericks owner Mark Cuban, a group led by Allen Americans owner Doug Miller and a group led by Detroit businessman Christopher T. Charlton – could also put forth a bid that would be above that of Gaglardi’s.

There also is the chance Gaglardi decides to not make a bid, and the auction process would open again.

Getting back to Greenberg, he has an interesting history both with local sports teams and with NHL ownership changes. Stars fans will probably be most familiar with him being one of the faces of the group (also including legendary pitcher and Robin Ventura puncher Nolan Ryan) that eventually one a bidding war with a group headed by Mark Cuban to buy the Texas Rangers. Greenberg resigned from his position as CEO pretty soon afterward, however.

Hockey fans with long (and vivid) memories might also remember Greenberg as a lawyer with close ties to Mario Lemieux. Greenberg helped Lemieux through the process that helped him become the owner of the Pittsburgh Penguins and also assisted Lemieux & Co. during the process to get the Consol Energy Center built. So there’s definitely a hockey connection, not just the association with sports in the general Dallas-Fort Worth area.

Of course, none of that ensures that Greenberg/a group including Greenberg would be the one that eventually buys the Stars. That being said, if these rumors have validity, then there could be a solid collection of people fighting to get the team (at least compared to more desperate, desolate situations like the one in Glendale). Hopefully the Stars will go back to being one of the NHL’s best successes in a “non-traditional” market once their ownership situation gets a little less cloudy. We’ll keep you updated about the Stars’ ownership situation either way.

Shattenkirk on Blues trading him: ‘That’s out of my hands’

ST LOUIS, MO - MAY 23:  Kevin Shattenkirk #22 of the St. Louis Blues skates against the San Jose Sharks in Game Five of the Western Conference Final during the 2016 NHL Stanley Cup Playoffs at Scottrade Center on May 23, 2016 in St Louis, Missouri.  (Photo by Dilip Vishwanat/Getty Images)
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In a vacuum, it’s confounding to imagine the St. Louis Blues trading Kevin Shattenkirk.

He’s a highly productive defenseman in the meat of his prime at 27, and his cap hit is a super-bargain at $4.25 million.

Of course, as is the case with many of the NHL’s biggest steals, the Blues will eventually need to pay up. In Shattenkirk’s case, his bargain deal ends after the 2016-17 season.

That’s a tough enough conundrum on its own, but consider the deals on the Blues’ cap that also expire after next season.

Now, there are also some areas of relief; some will be happy to see the Blues part ways with Patrik Berglund‘s $3.7 million cap hit (unless he plays out of his mind, naturally).

There are also some other things to consider.

A) What if the salary cap rises more than one might expect for 2017-18?

B) Would expansion help the Blues cut a little fat by losing a less-than-ideal contract?

C) Who are the Blues bringing back from this off-season?

Item C) dovetails with Shattenkirk. Will the Blues try to bring back David Backes and/or Troy Brouwer, possibly squeezing out Shattenirk?

There have been rumors about Shattenkirk being shopped around in the past, yet the summer is a great time to make deals. Teams get salary cap leeway, owners may want reboots and new coaches could really value Shattenkirk’s in-demand skills.

For what it’s worth, Shattenkirk would prefer to stay:

There’s a strong chance that Blues GM Doug Armstrong may bide his time, whether he’s inclined to trade Shattenkirk during the season or re-sign him.

Still, the talented defenseman’s situation shows that the Blues have big decisions to make even regarding situations that do not technically demand immediate choices.

One thing seems certain: it won’t be any easy call.

Related

Blues face tough questions

David Backes wants to stay

So does Troy Brouwer

It sounds like Troy Brouwer would love to return to the Blues

DALLAS, TX - MAY 07:  Troy Brouwer #36 of the St. Louis Blues celebrates with Robby Fabbri #15 of the St. Louis Blues after scoring a goal against Kari Lehtonen #32 of the Dallas Stars in the second period in Game Five of the Western Conference Second Round during the 2016 NHL Stanley Cup Playoffs at American Airlines Center on May 7, 2016 in Dallas, Texas.  (Photo by Tom Pennington/Getty Images)
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How much is Troy Brouwer‘s magical postseason run worth to the St. Louis Blues or some other team in free agency? How important is comfort and familiarity to Troy Brouwer?

Those seem to be the most important bigger-picture questions, although from the sound of Brouwer’s comments, nuts-and-bolts issues may decide his future in or outside of St. Louis.

Brouwer raved about his time with the Blues as the team spoke with the media to close out the 2015-16 season. The power forward seemed very happy about his living conditions and the way his style fits with this blue collar team.

Even so, Brouwer also admits that “it’s a business.”

That’s typical talk, yet it was more interesting when he went a little deeper, acknowledging that he understands that GM Doug Armstrong must ask questions about more than just the 2016-17 season.

His playoff production was fantastic, but a smart GM will realize that it probably wasn’t sustainable. Case in point, facts like these:

Even so, Brouwer brings considerable value if you keep expectations in check.

While he fell a little bit short this season with 18, he generally falls in the 20-goal range each year. He’s one of those players who can bring some grit to the table without totally taking away from your team in other ways.

Brouwer was one of the Blues’ top penalty-killing forwards to boot.

It wouldn’t be the least bit surprising for Brouwer to enjoy a healthy raise from his expired $3.67 million cap hit, yet you must wonder how much. Maybe most importantly, what kind of term is he looking for?

That last question might just be pivotal regarding a possible return to the Blues. Would he sacrifice some stability to try to make another run with St. Louis?

Even if he isn’t that old at 30, his rugged style might mean that this is one of his last opportunities for a big payday.

Both sides face a tough call, yet it sounds like a reunion is at least plausible.

Related

Tough questions await the Blues

David Backes would prefer to return, too

Trio of Pens forwards take maintenance day on Saturday

TAMPA, FL - MAY 24:  Chris Kunitz #14 of the Pittsburgh Penguins shoots the puck against the Tampa Bay Lightning during the first period in Game Six of the Eastern Conference Final during the 2016 NHL Stanley Cup Playoffs at Amalie Arena on May 24, 2016 in Tampa, Florida.  (Photo by Mike Carlson/Getty Images)
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The Pittsburgh Penguins are about as healthy as you can be at this stage of the game. Outside of Trevor Daley (ankle), who’s done for the playoffs, the Pens have their desired roster at their disposal. That doesn’t mean that certain veterans don’t need a little bit of time to recuperate from the grind of the first three rounds.

On Saturday, Nick Bonino, Matt Cullen and Chris Kunitz didn’t participate in practice. Coach Mike Sullivan confirmed that each player had taken a maintenance day.

The 36-year-old Kunitz and 39-year-old Cullen have surely picked up some bumps and bruises throughout the postseason, while Bonino might still feel the effects of a shot block from Game 7 of the Eastern Conference Final.

Not to worry Penguins fans, Sullivan says that each player should be available for Game 1 of the Stanley Cup Final on Monday night.

Related:

Pens enter Stanley Cup Final as favorites: online bookmaker

Need for speed: Sharks, Pens brace for ‘fast hockey’ in Stanley Cup Final

Pittsburgh’s run fueled by ‘Baby Pens’

‘No question,’ David Backes wants to stay in St. Louis

ST LOUIS, MO - MAY 17:  David Backes #42 of the St. Louis Blues looks on in Game Two of the Western Conference Final against the San Jose Sharks during the 2016 NHL Stanley Cup Playoffs at Scottrade Center on May 17, 2016 in St Louis, Missouri.  (Photo by Jamie Squire/Getty Images)
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We don’t always get what we want…but we try.

In David Backes‘ case, he’d like to remain a member of the St. Louis Blues going forward. It might be difficult to make the numbers work, but the two sides will give it a go.

Backes, who is set to become an unrestricted free agent on July 1st, scored 21 goals and 45 points in 79 games in 2015-16. The 32-year-old added seven goals and 14 points in 20 postseason games before the Blues were eliminated by the Sharks in the Western Conference Final.

Re-signing their captain will likely interest the Blues, but can they make it work under the salary cap? St. Louis also has to re-sign RFA Jaden Schwartz and fellow UFA Troy Brouwer this off-season.

The Blues might have to pick between keeping Brouwer or Backes and that might not work in Backes’ favor. Brouwer is younger, and the fact that St. Louis gave up T.J. Oshie for him just last year could also play a factor in their decision.

Even if St. Louis doesn’t bring back role players like Steve Ott, Kyle Brodziak and Scottie Upshall, they still need to have other players fill those spots on their third and fourth lines, which will eat into their limited cap space.

If they want to make room for Backes and/or Brouwer, the Blues may have to part ways with a defenseman like Kevin Shattenkirk (one year left at $4.25 million).

It looks like the Blues might be looking for a new captain in 2016-17.