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.

Who’s playing for Penguins, Senators in Game 7

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We finally know the lineups for the Pittsburgh Penguins and Ottawa Senators in Game 7 of the Eastern Conference Final.

Pittsburgh’s tweaks are most interesting, which isn’t a huge surprising considering the consistent inconsistency bred by their injury issues.

The Penguins will get Conor Sheary and Justin Schultz back in the mix. Despite showing a lot of energy warming up, Patric Hornqvist isn’t good to go. Here are the full Penguins personnel notes; also realize that this is Matt Murray‘s birthday.

Ottawa places Chris Kelly back in, getting the nod over Tommy Wingels and Colin White. Kelly’s had some experience in these scenarios.

Sabres confirm signing defenseman Antipin; Is his KHL teammate Lee next?

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The Buffalo Sabres announced the signing of defenseman Victor Antipin* on Thursday, confirming rumors that surfaced more than once this month.

Antipin, 24, enjoyed a solid season in the KHL with Magnitogorsk Metallurg. Even so, the signing might be interesting if it serves as an appetizer for the Sabres bringing in Antipin’s teammate from Metallurg, Chris Lee.

On one hand, Lee is 36 and couldn’t make the jump fromt he AHL to the NHL in previous opportunities (most reently with the Penguins’ farm system in 2009-10). On the other, he had an eye-popping 2016-17 season in the KHL: 65 points in 60 games as a defenseman.

Lee’s previous numbers aren’t as outrageous, but still quite good, at least form a scoring standpoint.

While Lee’s possible addition is a situation to watch, there’s some excitement about Antipin.

“Victor is a well-rounded defenseman who has played in all situations at the pro level,” Sabres GM Jason Botterill said. “His mobility and puck-moving skills make him a perfect match for what we’re hoping to build with our defense corps next season.”

Granted, there’s some debate about his ceiling.

Still, for a Sabres team that badly needs help on the blueline, this addition – or eventually these additions – could provide a nice boost.

* – The Sabres’ releases feature his name spelled “Victor.” Other outlets, including hockeydb, have it as “Viktor.”

WATCH LIVE: Ottawa Senators vs. Pittsburgh Penguins – Game 7

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Will it be the Ottawa Senators or Pittsburgh Penguins against the Nashville Predators in the Stanley Cup Final? We’ll find out after tonight.

Yes, it’s that time: a Game 7 to see who advances to the final round. The winner will also hold home-ice advantage in the Stanley Cup Final.

Could Erik Karlsson, Craig Anderson, and the rest of the Senators pull off an upset on the road, winning the franchise’s first Game 7? Can Sidney Crosby, Evgeni Malkin and the Penguins give Matt Murray a birthday present with another Game 7 win?

Find out on NBCSN. You can also watch online and via the NBC Sports App.

Here’s what you need to know:

Ottawa Senators vs. Pittsburgh Penguins (series tied 3-3)

Time: 8:00 p.m. ET

Network: NBCSN (Stream live here)

Check out the highlights from Ottawa’s 2-1 win in Game 6

Related:

Pretty or not, Sens aim to play their game vs. Pens in Game 7

Penguins prepare for another Game 7, this time as favorites

Modern-day Senators have never won a Game 7

It’s “reasonable” to expect Schultz and Hornqvist will play Game 7

Trouble for Ducks: Lindholm and Vatanen need major shoulder surgeries, will miss months

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Not a great week for the Anaheim Ducks.

After being eliminated in Game 6 of the Western Conference final — the toughest loss of Ryan Kesler’s career, apparently — the Ducks broke more bad news on Friday as GM Bob Murray announced d-men Hampus Lindholm and Sami Vatanen both require torn labrum surgery, and will be out an awfully long time.

The timeline on Lindholm is 4-5 months, while Vatanen’s recovery will extend beyond that because his injury was more serious.

Looking at the calendar, four months would run Lindholm up to the end of September, meaning he’d miss a good chunk of the preseason. If it’s five months, he could miss the first three weeks of the regular season.

Murray didn’t even put a timetable on Vatanen, only saying it would be longer.

This adds to what was already going to be a pretty stressful summer in Anaheim. As we wrote earlier, Murray has some big decisions on his hands.

Vatanen and Lindholm are huge parts of the team. Both averaged over 21 minutes per night this season, and both broke the 20-point plateau. They’re also locked in long term — Lindholm at $5.2 million annually through 2022, Vatanen at $4.8M through 2020.

If the Ducks decide to protect seven forwards and three defensemen for the expansion draft, the defense will definitely be worth watching. Lindholm will be protected for sure, and Shea Theodore and Brandon Montour are each exempt. But that only leaves two spots for Vatanen, Kevin Bieksa, Cam Fowler, and Josh Manson.

Bieksa, 35, has a no-movement clause, so unless the Ducks find a way to get around that, they’ll need to protect him. (Chances are, they’ll seek a way around it, either via trade or buyout or just convincing him to waive.)

Fowler, meanwhile, only has one year left on his contract before he can become an unrestricted free agent. There are already reports that extension negotiations are going well but, after the season he just had, with 39 points in 80 games, the 25-year-old won’t be cheap to re-sign.

Yes, there is the option to protect four defensemen and four forwards. But Ryan Getzlaf, Corey Perry, and Ryan Kesler all have NMCs, and the Ducks won’t want to expose Rickard Rakell or Jakob Silfverberg.

Add it all up, and the Ducks will certainly be worth watching this offseason.