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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.

Anisimov out six to eight weeks after undergoing ‘successful’ wrist surgery

Chicago Blackhawks' Artem Anisimov tries to handle a rebound from Montreal Canadiens goalie Mike Condon during the second period of an NHL hockey game Thursday, Jan. 14, 2016, in Montreal. (Paul Chiasson/The Canadian Press via AP)
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Artem Anisimov on Tuesday underwent successful surgery on his injured right wrist, the Chicago Blackhawks announced.

“We anticipate his return to full hockey activities in approximately six to eight weeks,” said team physician Dr. Michael Terry in a statement.

The news comes eight days after the Blackhawks were ousted in the first round, eliminated in seven games by the St. Louis Blues.

Acquired from the Columbus Blue Jackets in last summer’s blockbuster deal for Brandon Saad, the 27-year-old Anisimov enjoyed the second 20-goal season of his career and fell just two points shy of his previous career best of 44 when he was with the New York Rangers.

He played the bulk of this season on a line with two highly skilled players in Patrick Kane, the league-leader in points with 106, and Artemi Panarin, named as a Calder Trophy finalist on Monday.

Prior to his surgery, Anisimov was named to Russia’s preliminary roster for the upcoming World Cup of Hockey, although the recovery schedule should allow plenty of time for Anisimov to be physically ready for the tournament when it begins in September.

Related: Three major challenges facing the Chicago Blackhawks, who won’t be champs in 2016

With Letang suspended, Schultz out to ‘prove a lot of people wrong’ if he gets the call in Game 4

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The Pittsburgh Penguins may hold a 2-1 series lead over the rival Washington Capitals, but they will be without defenseman Kris Letang for a pivotal Game 4 on Wednesday.

Perhaps for the Capitals, the absence of Letang — suspended one game for a high, late hit on Marcus Johansson in Game 3 — on the Penguins blue line can provide an opportunity to help swing the series back in their favor heading to Washington and home ice in Game 5.

“He’s the backbone of their defense,” Capitals blue liner Karl Alzner told CSN Mid-Atlantic.

“He goes back for pucks and gets them out of his zone with a pass or a flip. He transitions the puck and logs key minutes on their PP.”

In addition to seven points in eight games this post-season, which puts him into a tie for third among defensemen in the playoffs, Letang is also among the leaders in ice time, averaging 29:13 per game.

So yes, that’s a significant loss at this juncture of the series, even if for one game.

The Penguins were already without Olli Maatta for Game 3. He was injured on that late, high hit from Brooks Orpik. That forced Derrick Pouliot into the lineup for Pittsburgh. The 25-year-old Justin Schultz, who the Penguins acquired from Edmonton earlier this season, figures to be next in line for Pittsburgh with Letang out.

Schultz entered the league with plenty of hype surrounding him, billed as a dynamic offensive defenseman. But nothing seemed to pan out for him in Edmonton, there were growing concerns about his play in his own end, and his time there ended with a trade prior to the deadline.

This could mean added minutes, too, for Trevor Daley, who played 22:20 in Game 3.

Between Pouliot and Schultz, they have a combined two games worth of Stanley Cup playoff experience.

Video: Letang suspended one game for late hit with ‘significant head contact’ on Johansson

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The National Hockey League has suspended Pittsburgh Penguins defenseman Kris Letang one game for a high, late hit on Washington Capitals forward Marcus Johansson during Game 3.

The incident occurred late in the first period of Monday’s game, as Johansson had passed the puck off after entering the Pittsburgh zone. Letang was given a minor penalty for interference.

“After Johansson moves the puck, Letang delivers a high, forceful hit that makes significant head contact,” stated the league’s Department of Player Safety in a video.

“It is important to note that Johansson is not eligible to be checked on this play. Players who are not in possession of the puck are never eligible to be checked. However, the interference rule provides a brief window during which a player who initiates a hit while his opponent is in possession of the puck may legally finish a check. This is not such a case.”

The DoPS did state that Letang didn’t leave his feet making the hit, but that they leave the ice due to the “force of the hit.”

“This is also not an illegal check to the head,” it states in the video. “While there is significant head contact here, the head is not the main point of contact.”

Following the game, both Letang and Johansson broke down the hit for the media, but of course, both had totally different opinions of what occurred.

The Penguins lead the series 2-1 and have the opportunity to take a stranglehold with a win in Game 4 on Wednesday. Of course, without Letang, that task gets even more difficult.

Meanwhile, the bad blood between the rival Penguins and Capitals continues. This series has already run afoul of the DoPS, with the Orpik suspension and Tom Wilson receiving a fine for kneeing Conor Sheary.

Ruff ‘not telling’ who will start tonight for Stars

Dallas Stars goalie Antti Niemi (31) subs in for goalie Kari Lehtonen (32) during the third period of an NHL hockey game, Tuesday, Dec. 8, 2015, in Dallas. The Stars won 6-5. (AP Photo/LM Otero)
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Some intrigue in St. Louis, where Antti Niemi was the first Stars netminder off the ice this morning, only for Lindy Ruff to tell the media that tonight’s starter would be Kari Lehtonen.

Then, just to muddy the waters further, Ruff told reporters, “I’m not telling you who’s starting, so don’t ask.”

Typically, whichever goalie leaves the morning skate first is the starter.

But then, typically, a team doesn’t have a two-goalie system in the playoffs, so perhaps we should’t assume anything at this point. 

All we know for sure is that Lehtonen started the first two games of this series. He played well in Game 1, a 2-1 Stars victory, but got pulled in Game 2 after surrendering three goals on just five shots.

Niemi, meanwhile, was solid in relief in Game 2, allowing just one goal — David Backeswinner in overtime — on 20 shots. For that reason, many figured Ruff would turn to Niemi for Game 3, just like he turned to Niemi for Games 4 and 5 in the first round against Minnesota.

 

But, apparently, we’ll have to wait and see for sure.