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Tom Gaglardi submits bid to NHL to purchase Dallas Stars

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Vancouver businessman Tom Gaglardi has been the front-runner to purchase the Dallas Stars for quite some time. Friday, Gaglardi took the next step in his quest to buy the Stars from a group of lenders led by Monarch Investments by submitting his proposal to the NHL for approval. By no means does this mean the sale is a done deal—but it’s a necessary step in the process for Gaglardi to finally acquire the team. If no news is good news, then this is great news.

Unfortunately, the sale isn’t as simple as a seller and buyer agreeing to terms and exchanging cash. If it were that easy, the deal would have been done in April when he first acquired the exclusive negotiating rights for the Stars. As Mike Heika of the Dallas Morning News explains, there are plenty of people who are owed money and want a piece of the pie:

“With more than 40 lenders who have legal rights to the Stars, one of the key contentions of the sale will be who gets paid what, as well as who gets paid first. The sale price is not expected to cover the debt, so some lenders will not get paid back.”

“’In a traditional sale, you have a seller who is trying to negotiate with a buyer, and you have traditional sale practices. But this isn’t a traditional sale,’ said one source. ‘You have a group of sellers who have different opinions, and that really means you don’t have a seller, per se. Into that vacuum has stepped a lot of lawyers, and that has made the process very complicated.’”

First, let’s reiterate that this is good news for people who want to see a deal get done. Once the Stars’ sale is behind the organization, they’ll be able to look to the future, set a realistic payroll budget, and once again focus on winning games on the ice. Over the last season, assembling the best team possible has taken a backseat to the ownership issues that have dictated the team’s direction (most notably with Brad Richards). This is a small step forward in the right direction.

At the same time, the situation is looking at a bunch of attorneys and debtors looking to get as much money as possible and a proposal that does not plan on paying all of previous debts. If the NHL approves the proposal, the next step is for the 40 lenders (and their lawyers) to fight in bankruptcy court to receive the best return on their previous investment possible. If the Phoenix Coyotes situation taught us anything, any time “NHL” and “bankruptcy court” are mentioned in the same sentence, it’s best to proceed with caution. Obviously, this is a very different situation—but there are still plenty of moving parts and interested parties for the NHL to appease.

Another point to consider within the context of the bankruptcy hearings is that all other potential ownership groups will be able to submit bids over the course of the proceedings. No matter what figure Gaglardi’s proposal includes, whenever there are names like Texas Rangers CEO Chuck Greenberg and Dallas Mavericks owner Mark Cuban involved (among others), there are bound to be a few fireworks if they’re still interested in the NHL franchise.

Just what the NHL needs: more court cases and legal actions surrounding one of their teams. For the sake of every Stars fan alive, hopefully today’s announcement is the beginning of the end of this drawn-out sale.

Penguins, Sharks discuss bumpy road to Stanley Cup Final

PITTSBURGH, PA - MAY 29: Joe Thornton #19 of the San Jose Sharks addresses the media during the NHL Stanley Cup Final Media Day at Consol Energy Center on May 29, 2016 in Pittsburgh, Pennsylvania. (Photo by Justin K. Aller/Getty Images)
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PITTSBURGH (AP) It wasn’t supposed to take the San Jose Sharks this long to reach their first Stanley Cup Final. It wasn’t supposed to take this long for Sidney Crosby to guide the Pittsburgh Penguins back to a destination many figured they’d become a fixture at after winning it all in 2009.

Not that either side is complaining.

Certainly not the Sharks, whose nearly quarter-century wait to play on the NHL’s biggest stage will finally end Monday night when the puck drops for Game 1. Certainly not Crosby, who raised the Cup after beating Detroit seven years ago but has spent a significant portion of the interim dealing with concussions that threatened to derail his career and fending off criticism as the thoughtful captain of a team whose explosiveness during the regular season too often failed to translate into regular mid-June parade through the heart of the city.

Maybe the Penguins should have returned to the Cup Final before now. The fact they didn’t makes the bumpy path the franchise and its superstar captain took to get here seem worth it.

“I think I appreciated it prior to going through some of those things,” Crosby said. “I think now having gone through those things I definitely appreciate it more. I think I realize how tough it is to get to this point.”

It’s a sentiment not lost on the Sharks, who became one of the NHL’s most consistent winners shortly after coming into the league in 1991. Yet spring after spring, optimism would morph into disappointment. The nadir came in 2014, when a 3-0 lead over Los Angeles in the first round somehow turned into a 4-3 loss. The collapse sent the Sharks into a spiral that took a full year to recover from, one that in some ways sowed the seeds for a breakthrough more than two decades in the making.

General manager Doug Wilson tweaked the roster around fixtures Patrick Marleau and Joe Thornton, who remained hopeful San Jose’s window for success hadn’t shut completely even as the postseason meltdowns piled up.

“I always believed that next year was going to be the year, I really did,” Thornton said. “I always thought we were a couple pieces away. Even last year not making the playoffs, I honestly thought we were a couple pieces away, and here we are.”

The Penguins, like the Sharks, are a study in near instant alchemy. General manager Jim Rutherford rebuilt the team on the fly after taking over in June, 2014 and with the team sleepwalking last December, fired respected-but-hardly-charismatic Mike Johnston and replaced him with the decidedly harder-edged Mike Sullivan. The results were nearly instantaneous.

Freed to play to its strengths instead of guarding against its weaknesses, Pittsburgh rocketed through the second half of the season and showed the resilience it has sometimes lacked during Crosby’s tenure by rallying from a 3-2 deficit against Tampa Bay in the Eastern Conference finals, dominating Games 6 and 7 to finally earn a shot at bookending the Cup that was supposed to give birth to a dynasty but instead led to years of frustration.

True catharsis for one side is four wins away. Some things to look for over the next two weeks of what promises to be an entertaining final.

FRESH FACES: When the season began, Matt Murray was in the minor leagues. Now the 22-year-old who was supposed to be Pittsburgh’s goalie of the future is now very much the goalie of the present. Pressed into action when veteran Marc-Andre Fleury suffered a concussion on March 31, Murray held onto the job even after Fleury returned by playing with the steady hand of a guy in his 10th postseason, not his first. San Jose counterpart Martin Jones served as Jonathan Quick‘s backup when the Kings won it all in 2014 and has thrived while playing behind a defense that sometimes doesn’t give him much to do. Jones has faced over 30 shots just four times during the playoffs.

“HBK” IS H-O-T: Pittsburgh’s best line during the playoffs isn’t the one centered by Crosby or Malkin but Nick Bonino, who has teamed with Phil Kessel and Carl Hagelin to produce 17 goals and 28 assists in 18 games. Put together when Malkin missed six weeks with an elbow injury, the trio has given the Penguins the balance they desperately needed after years of being too reliant on their stars for production.

POWERFUL SHARKS: San Jose’s brilliant run to the Finals has been spearheaded by a power play that is converting on 27 percent (17 of 63) of its chances during the playoffs. The Sharks are 9-2 when they score with the man advantage and just 3-4 when it does not.

OLD MEN AND THE C(UP): Both teams have relied heavily on players who began their NHL careers in another millennium. Pittsburgh center Matt Cullen, who turns 40 in November, has four goals during the playoffs. Thornton and Marleau, both 36, were taken with the top two picks in the 1997 draft that was held in Pittsburgh while 37-year-old Dainius Zubrus draws stares from younger teammates when he tells them he used to play against Hall of Famer (and current Penguins owner) Mario Lemieux.

“When I say ‘Twenty years ago I was playing against Lemieux, they say ‘I was 2-years-old,'” Zubrus said.

Top prospects Tkachuk, Mitchell power London to 2016 Memorial Cup

RED DEER, AB - MAY 29:  JJ Piccinich #84 of the London Knights (OHL) collides with Jean-Christophe Beaudin #16 of the Rouyn-Noranda Huskies (QMJHL) during the Memorial Cup Final on May 29, 2016 at the Enmax Centrium in Red Deer, Alberta, Canada. (Photo by Codie McLachlan/Getty Images)
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The London Knights feature a line full of players with interesting NHL futures, and all three of those forwards came up big on Sunday.

Matthew Tkachuk, Mitch Marner and Christian Dvorak combined forces to pull London to a 3-2 overtime win against the Rouyn-Naranda Huskies, winning the 2016 Memorial Cup.

Things looked pretty shaky for London; its winning streak looked like it was in danger with Rouyn-Naranda taking a late 2-1 lead. The Knights failed on what seemed like a golden 5-on-3 opportunity, but they didn’t let that deter them.

Tkachuk scored two goals, Dvorak generated a goal and an assist and Marner was named tournament MVP as the Knights’ 17th consecutive win wrapped up the Memorial Cup for that special group.

Tkachuk (a high-end prospect for the upcoming draft) and Marner (the fourth pick to Toronto back in 2015) are the bigger names, but Dvorak – the 58th pick back in 2014 – came up big, too.

Yes, Thornton and Marleau have been dreaming of a run like this

SAN JOSE, CA - MAY 07:  Joe Thornton #19 of the San Jose Sharks celebrates after Patrick Marleau (not pictured) scored the game winning goal against Kevin Bieksa #3 (L) and the Vancouver Canucks in overtime of Game Four of the Western Conference Quarterfinals during the 2013 NHL Stanley Cup Playoffs at HP Pavilion on May 7, 2013 in San Jose, California. The Sharks defeated the Canucks 4-3 to sweep the series 4 games to 0.  (Photo by Christian Petersen/Getty Images)
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After seeing them suffer some ignominious playoff defeats, plenty of people are happy for Patrick Marleau and Joe Thornton as they enter their first Stanley Cup Final.

The two veteran San Jose Sharks forwards aren’t playing coy about it, either; they’ve been picturing such scenarios for ages.

Both Thornton and Marleau seemingly uttered the same things as Game 1 approaches against the Pittsburgh Penguins on Monday.

“This is everything I’ve been dreaming about for a long, long time,” Marleau said.

It’s hard to believe that we are months removed from a time when it seemed like one or both of these longtime Sharks were in the thick of seemingly legitimate trade rumors. Marleau, in particular, sounded like he might be on the verge of moving on.

Instead, they’re as deep in the postseason as they have ever been and Thornton is talking about his beard.

Life is good.

Joel Ward believes NHL should retire No. 22 in honor of Willie O’Ree

RALEIGH, NC - MAY 15:  NHL ambassador Willie O'Ree talks with the Capital City Crew and the Raleigh Youth Hockey Association during a clinic, Hockey is for Everyone, sponsored by the NHL and the Carolina Hurricanes at the Cary Ice House on May 15, 2010 in Raleigh, North Carolina.   (Photo by Gregg Forwerck/Getty Images for NHL)
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Sometimes players wear a jersey number as a tribute to a childhood favorite. Sometimes it’s merely to mark their birth year and other times it’s merely what was handed to them.

For Joel Ward, his 42 has a lot of meaning, and it brings to mind black athletes who were pioneers in their respective sports.

Yes, indeed, Ward wears No. 42 to honor Jackie Robinson. As the San Jose Sharks forward told ESPN, he’d love it if the NHL discussed retiring No. 22 in honor of its first black hockey player, Willie O’Ree.

“I definitely think Willie should be recognized for sure,” Ward said. “The league obviously does that with task force but I do think that Willie should definitely be a big part of the league for sure for what he did. It’s a no-brainer. Without Willie, it would be tough for me to be sitting here today. I definitely think Willie should be a big part of this.”

Sounds like a great idea, one that would echo the MLB doing the same with Robinson’s No. 42.

For more, check out that great ESPN story.