Tom Gaglardi submits bid to NHL to purchase Dallas Stars


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.

Report: Ducks put Despres on long-term injured reserve

FILE - In this Sept. 22, 2015, file photo, Anaheim Ducks defenseman Simon Despres skates before an NHL preseason hockey game against the Colorado Avalanche in Denver. Despres has agreed to a five-year contract extension with the Ducks on Friday, Oct. 9, 2015, solidifying his role in Anaheim after joining the club in a trade last season. (AP Photo/Jack Dempsey, File)
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Simon Despres has played only once this season, back on Oct. 13, due to injury.

It now appears the Anaheim Ducks don’t see the 25-year-old defenseman returning to their lineup any time soon.

On Sunday, TSN’s Bob McKenzie reported on Twitter that the Ducks placed Despres, who carries an average annual value of $3.7 million, on long-term injured reserve, providing Anaheim with some flexibility in the salary cap situation.

By placing Despres on LTIR, it’s been suggested this could possibly allow the Ducks to sign restricted free agent defenseman Hampus Lindholm.

Lindholm, 22, missed training camp, instead deciding to stay in Sweden while he awaits a deal with the Ducks. Six games into Anaheim’s season, and still no deal.

It was reported last month that Lindholm was seeking a deal of eight years, and at least $6 million per season.

Last week, on TSN’s Insider Trading, McKenzie suggested the two sides could be about $250,000, annually, apart. He also added that there is a “cap hit penalty” when restricted free agents don’t get signed before the season begins.

“For every day that (Lindholm) is not signed in this season, the cap hit for the team will increase by about $30,000 if he were to agree to a $5.5 million deal,” McKenzie reported.

“Let’s say he agrees to a deal that’s $5.5 million AAV, well the cap hit’s going to be up around $5.8 (million) as of now, for each day that goes on.”

Comeback Canucks? Not against the Ducks

ANAHEIM, CA - OCTOBER 23:  Alexander Edler #23 and Philip Larsen #63 of the Vancouver Canucks look on after Corey Perry #10 of the Anaheim Ducks reacts to scoring a goal during the third  period of a game at Honda Center on October 23, 2016 in Anaheim, California.  (Photo by Sean M. Haffey/Getty Images)
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The Vancouver Canucks have made a habit of third-period comebacks early this season. Playing with the lead, though? Not so much.

Despite their early penchant for late-game magic — certainly not a sustainable method of winning in the long-term — the Canucks were unable to score a come-from-behind win against the Anaheim Ducks on Sunday.

Instead, they lost 4-2, as Nick Ritchie and Corey Perry scored late in the third period to nullify any chance of a Vancouver comeback.

Henrik Sedin had gotten the Canucks back into a tied game early in the final period, before the Ducks killed off a Vancouver power play and then surged ahead for good.

It’s Vancouver’s first regulation loss of the season. In six games, the Canucks have played with the lead only once.

Really, the score flattered the Canucks, playing the second half of a back-to-back set in California. The Ducks dominated possession, but goalie Ryan Miller kept the Canucks in it until late in regulation.

The Canucks are now 4-1-1. That’s still a good start, but there have been signs lately that they could soon be served a reality check.


Meanwhile, the Ducks have won two in a row after losing their first four games to start the season.

It was promising that their best players were their best players in Anaheim’s home opener.

Ryan Getzlaf had three assists. Corey Perry had an assist on the winner and scored to put this one away. Defenseman Cam Fowler, who has been at the center of trade speculation in the past few months, scored Sunday and is now up to three goals, with points in four of six games.

“He’s played great,” Getzlaf recently told the Orange County Register. “Cam put a lot on his shoulders last year. He had a great year for us last year and it gets overlooked a little bit because he does it in a little bit quieter way. He’s not flashy.

“I thought his play has carried over from last year. He’s continued to play the same way and at a high level.”

This win puts the Ducks within a point of the San Jose Sharks. The two California rivals face each other Tuesday in San Jose.

Video: Dan Girardi’s first goal in nearly a year lifts Rangers to victory

FILE - In this Feb. 11, 2012, file photo, New York Rangers' Dan Girardi looks on during an NHL hockey game against the Philadelphia Flyers in Philadelphia. The Rangers say they have agreed to terms with Girardi on a multiyear contract extension, taking the key defenseman off the trading block and keeping him away from unrestricted free agency. The deal was announced Friday, Feb. 28, 2014. (AP Photo/Matt Slocum, File)
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An offensive defenseman, Dan Girardi is not.

His last goal prior to this weekend? Nov. 12, 2015. It’s been a while. Almost an entire year now. But in his return to the New York Rangers lineup on Sunday, the 32-year-old Girardi was able to bust his scoring slump on a slap shot from the blue line that beat Arizona Coyotes goalie Louis Domingue.

The Rangers eventually won by a final score of 3-2, with Girardi’s goal counting as the winner. He scored only twice last season, and hasn’t scored more than five goals in a single season since 2009-10.

Despite poor start, Elliott ‘will find his game very soon,’ says former teammate Jake Allen

EDMONTON, AB - OCTOBER 12:  Goalie Brian Elliott #1 of the Calgary Flames skates against the Edmonton Oilers on October 12, 2016 at Rogers Place in Edmonton, Alberta, Canada. (Photo by Codie McLachlan/Getty Images)
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OK. So, Brian Elliott isn’t off to a good start in net for the Calgary Flames.

He has lost all three of his starts. He’s allowed 14 goals with a save percentage of only .839. Not good. Not good at all, especially considering the Flames acquired Elliott with the hopes of addressing their goaltending concerns from previous seasons.

Chad Johnson has instead started three of the last four games for Calgary.

Whether it’s Elliott or Johnson in net, the Flames have given up the most goals against in the league, while giving up 30.2 shots against per 60 minutes at five-on-five. That puts them 18th in the league at even strength.

But despite Elliott’s difficult start, a former Blues teammate of his has voiced support for the 31-year-old puck stopper, optimistically stating that a turnaround will happen.

“I wouldn’t worry one bit. That’s just my perspective,” Blues goalie Jake Allen told the Calgary Herald. “He’s one of the most competitive people I have ever met, and he will find his game very soon.

“Obviously, he wanted to get off to a good start (in Calgary), that’s first and foremost, but if it doesn’t go that way, he will rebound and find it. I’m 100 (per cent) about that. I wouldn’t be too concerned if I was a Flames fan.”

That’s reassuring. Maybe.

Elliott enjoyed five strong seasons in St. Louis, playing alongside Allen for three of those seasons. But St. Louis was — and still is — a very structured team under head coach Ken Hitchcock, which certainly bodes well for goalies.

It’s still very early in Elliott’s tenure in Calgary, which also has a new head coach in Glen Gulutzan.

The coach will have an interesting decision coming up next week, with the Flames making a quick two-game stop in the Central Division. They’ll face the Chicago Blackhawks on Monday and the Blues the following night.

Elliott didn’t get a chance to face his old team Saturday. Perhaps he’ll get that opportunity in St. Louis on Tuesday.