Dave Checketts

Blues set August 22 deadline for team sale bids

There seems to be two general categories for NHL team sales lately: desperate (Phoenix, Atlanta) and seemingly inevitable (Dallas, St. Louis and Buffalo). That’s not to say that the latter group of sales lack drama or tension, but the Stars, Blues and Sabres seem like they’re able to attract legitimate interest even if the process isn’t always very smooth.

In the case of the Blues, it seems like they are at least slightly at the mercy of what happens with the Stars. Jeremy Rutherford of the St. Louis Post-Dispatch reports that the group handling the Blues’ sale expects there to be some overflow from the parties who will lose the bidding war for the Stars, although that might be a slight problem since the deadline to make a nonbinding bid for the Blues has been set for August 22. Rutherford reports that this deadline could allow a purchase agreement to be in place by “mid-September.”

“We’ll review (the offers), make judgments, make comparisons and then we’ll go back to everyone and give them a reaction to their proposal,” Game Plan’s Robert Caporale said. “We don’t want to slow down the process, but until we get these detailed proposals, it’s hard to predict how long it will take to get a binding contract with a buyer. But we hope that we could get it done within a couple of weeks” of Aug. 22.”

Once a purchase agreement is in place, the sale would move into the final stages, which includes NHL approval. The league’s next Board of Governors’ meeting is scheduled for Sept. 20, followed by one in December. If the sale is ready for approval in between those two meetings, it’s possible the governors could vote via a conference call.

Game Plan LLC – the company handling the sale – reportedly sent out 10 packets to parties who have expressed an interest in the Blues, although it’s important to note that it doesn’t mean all 10 parties should be considered legitimate suitors. Things could get a bit more complicated if the Stars sale isn’t completed by August 22 since, again, there might be some spurned suitors who would move from trying to acquire the Stars to the Blues.

Here are a few dates that might be of interest in this situation, even if there’s no guarantee that benchmarks will be met in time to fulfill them.

August 22: Again, this is the reported deadline for groups to make “nonbinding” bids for the Blues.

September 20: The NHL Board of Governors meeting will take place, so it would be ideal to get the new owner in place by then so the BoG could vote to approve or disapprove that new owner.

October 8: The Blues’ season opener isn’t a hard deadline, but it might be nice to get a new owner in place by then anyway.

“Undisclosed deadline”: Current Blues owner Dave Checketts needs to get this deal done sooner rather than later after he received an extension to pay back the $120 million loan he took out with CitiGroup to buy the team.

Obviously from that timeline, a lot could happen in a very short time frame, although these situations have a tendency to hit a wall or two here and there. The one thing that might expedite the process is the possibility that a group might circumvent the bidding process by meeting the asking price for the team.

“We have not agreed to do that, but at least it’s an option,” Caporale said. “We’d like to give everybody a chance. (But) if the person comes up with a price that’s acceptable to everybody and willing to sign an agreement, it speeds up the process.”

Stay tuned for updates regarding a franchise that some are calling a possible “sleeper team” in the Western Conference.

Report: Journeyman Santorelli signs in Swiss League

ANAHEIM, CA - MARCH 02:  Mike Santorelli #25 of the Anaheim Ducks looks on during a game against the Montreal Canadiens at Honda Center on March 2, 2016 in Anaheim, California.  (Photo by Sean M. Haffey/Getty Images)
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Veteran forward Mike Santorelli, who’s appeared in over 400 NHL contests over the last eight years, is headed overseas.

Per multiple reports (see here and here), Santorelli has signed with Geneve-Servette of the Swiss League. The 30-year-old spent last season with the Ducks, scoring nine goals and 18 points in 70 games but didn’t dress for any of the club’s opening-round playoff loss to Nashville.

Santorelli broke into the NHL with Nashville but enjoyed his best years with Florida and Vancouver. He was a former 20-goal scorer with the Panthers and enjoyed a successful stint with his hometown Canucks in ’13-14, scoring 28 points in 49 games before suffering a season-ending shoulder injury.

Santorelli is the second veteran forward to sign in the Swiss League recently. Over the weekend, fellow journeyman Kris Versteeg agreed to join SC Bern.

Jackets sign d-man Harrington, acquired in Rychel trade

TORONTO, ON - NOVEMBER 14:  Scott Harrington #36 of the Toronto Maple Leafs skates against the Vancouver Canucks during an NHL game at the Air Canada Centre on November 14, 2015 in Toronto, Ontario, Canada. The Leafs defeated the Canucks 4-2. (Photo by Claus Andersen/Getty Images)
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Upon trading Kerby Rychel to Toronto at the draft for Scott Harrington, Columbus GM Jarmo Kekalainen said Harrington was “a guy we’ve watched for a while,” and a “steady, smart [and] good defender.”

Which makes today’s move none too surprising.

On Monday, Kekalainen announced Harrington signed a one-year, two-way deal (financial terms weren’t disclosed). The contract comes after Harrington split last season between the Leafs and the AHL Marlies, appearing in 15 NHL contests.

While Kekalainen was high on Harrington, the most noteworthy thing about the acquisition is it ended a long-running saga with Rychel, the 19th overall pick in 2013. There were repeated rumblings that Rychel wanted out of town, and felt stifled by Columbus’ reluctance to make him a full-time NHLer.

For a while, Kekalainen stood firm in the face of the reports, once openly wondering where they came from. But in the end, the decision was made to part ways with the 21-year-old, the son of ex-NHLer Warren Rychel.

As for Harrington, he should compete for a spot on the Columbus blueline next season. Right now he projects to be the No. 7 or 8 guy, assuming that super prospect Zach Werenski is primed for a full-time gig in the NHL, firmly entrenched in the Blue Jackets’ top six.

In other news from Columbus today, the club has also agreed to terms with AHL forward Alex Broadhurst.

One of the pieces acquired in last summer’s Brandon Saad blockbuster, Broadhurst was a key contributor to AHL Lake Erie’s Calder Cup championship this past spring, finishing second on the club in playoff assists.

Leafs avoid arbitration again, sign Corrado to one year, $600K deal

VANCOUVER, BC - FEBRUARY 13: Frank Corrado #20 of the Toronto Maple Leafs shoots the puck in NHL action against the Vancouver Canucks on February, 13, 2016 at Rogers Arena in Vancouver, British Columbia, Canada.  (Photo by Rich Lam/Getty Images)
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Over the weekend, reports suggested that Toronto and RFA blueliner Frank Corrado were close to agreeing to a new contract.

On Monday, the two sides sealed the deal.

The Leafs announced they signed Corrado to a one-year contract, with Sportsnet reporting it to be a $600,00 pact, of the one-way variety.

Corrado, 23, was scheduled to go to arbitration tomorrow. His ask was $900,000, while the Leafs countered with a $625,000 figure on a two-way deal, and $575,000 on a one-way.

So Toronto was nearly spot-on with its valuation.

The former Canucks draftee took a while to make his Leafs debut last season — he sat 28 games after they claimed him off waivers — but when he did get into the lineup, he fared reasonably well. Corrado finished with a goal and six points in 39 games, averaging 14:27 TOI per game.

This marks the second player Toronto avoided going to arbitration with. Prior to signing Corrado, the Leafs inked center Peter Holland to a one-year, $1.3 million deal.

Flyers need Schenn to build on career year

PHILADELPHIA, PA - SEPTEMBER 22:  Brayden Schenn #10 of the Philadelphia Flyers celebrates his goal in the second period against the New York Rangers on April 7, 2015 at the Wells Fargo Center in Philadelphia, Pennsylvania.  (Photo by Elsa/Getty Images)
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The Philadelphia Flyers are hoping Brayden Schenn hasn’t finished improving. The former fifth overall draft pick signed a four-year, $20.5 million contract today, after posting career highs in goals (26) and assists (33) in 2015-16.

It took a few years for Schenn, 24, to start justifying his draft position. John Tavares, Victor Hedman, Matt Duchene, and Evander Kane were selected with the first four picks that year. Oliver Ekman-Larsson was taken sixth overall.

So there was pressure.

“I think sometimes when you draft a player top five you tend to think he’s going to develop a little quicker than other guys,” Flyers GM Ron Hextall said Monday, per Flyzette. “When you look at Brayden, has he been a fast developer? I would say probably no. Has he been a slow developer? I would say probably no. He’s probably been average.

“The good thing is he’s gotten better every year and he’s a hard worker. He’s starting to figure out the intricacies of the game. He obviously had his best year to this point so hopefully he continues to build on that.”

Hextall reportedly danced around a question about Schenn being part of the “core” group, so there’s still some proving to be done. The Flyers have already committed long-term to forwards Claude Giroux, Jakub Voracek, and Sean Couturier. Wayne Simmonds and Michael Raffl have three years left on their deals, and Dale Weise signed a four-year agreement on July 1.

As for Schenn, he knows he needs to justify the Flyers’ trust in his ongoing development.

“I feel like I keep getting better and better,” he said. “I expect nothing else next year.”