Jerry Reinsdorf

More updates on Coyotes and Stars sales

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It seems like each of the ownership situations pending around the NHL are destined to be dragged out as long as possible. The Atlanta Thrashers sale and relocation moved remarkably quickly—unfortunately the situations in Dallas, St. Louis, and Glendale aren’t going down quite as smoothly. Everyday there seems to be a new update, wrinkle, potential problem, or cause for hope while fans in each city eagerly await their team’s future to be settled. Today, there was news that affects all three cities and their sale process: but still nothing pending for the immediate future.

In Glendale, there’s news that there are two buyers that are interested in submitting offers for the team to the Glendale City Council when they reconvene in a few weeks. That much we already knew. It’s already been widely assumed that one of the mystery groups is led by Jerry Reinsdorf (of course). Now there’s word that both offers will come fully equipped with opt-out clauses to protect any future owner as part of the sale.

Why is this news? In the past, members of the Glendale City Council have been adamantly opposed to any offers that included an opt-out clause. From their position, they’re afraid of giving government subsides only to see an out-of-town businessman bolt at the first sign of trouble. If they’re going to make a deal, they want assurances that the team will be in Glendale for the long-haul. Their position is completely understandable. Then again, it’s also understandable that any businessman would want to protect his interests in the event that things go sideways.

The folks over at Five For Howling must be getting sick of the never-ending ownership/sale mess surrounding their team, but at least Jordan Ellel is taking a pragmatic look at the newest development and the reality of a potential out-clause:

“No, as much as I would love for a potential owner to swoop in and make a guarantee that the team would stay for the entire 30-year lease term (a la Hulsizer), an out clause is completely reasonable at this stage. The fans have shied away for a variety of reasons, but if an owner steps in and gives a time frame for turning things around and this city cannot do it; well, then the team should probably move to be frank.

However, so long as the ownership group isn’t the cheapest group known to man, the team should remain very competitive and a good value for your entertainment dollars. Given a modicum of quality marketing and continued improvement obtaining local sponsors, then meeting whatever “growth” metrics will be used to trigger an out clause should not be an issue. Of course, we all know how fickle Phoenix fans can be and true growth will only happen if they make a playoff run that doesn’t end in seven or fewer games (and hey, if the NBA stays locked out that will only help as well).”

It’s hard to disagree with the logic. If the team is given a new owner that shows a reasonable amount of commitment and the fans still don’t show up to Jobing.com Arena, then it’s on the fans—not the owner.

One thousand miles to the east, the Dallas Stars are dealing with their ownership situation. Slowly but surely, Tom Gaglardi is continuing in his process to buy the Stars from the various creditors who currently hold debts. Mike Heika of the Dallas Morning News gives an update:

“Which brings us to Gaglardi, and where his bid is. Several people I have talked to said he is in New York trying to push through all of the paperwork that needs to be pushed through, and this is a difficult time to do that. In addition to lawyers, there also are financial people involved in drawing up loans, and this is a volatile time in the financial market.”

If everything goes to plan, Gaglardi’s bid will go through and the offer will be seen by a judge in bankruptcy court. There had been reports that two of the groups that were interested in buying the Dallas Stars were now throwing their name into the hat for the St. Louis Blues—which may still be true. However, any assumptions that Gaglardi was hedging his bets and negotiating a deal with for the Blues behind the scenes should be put to rest immediately. Put simply: Gaglardi isn’t interested in the Blues.

Neither circumstance is even remotely close to conclusion. Today’s events are simply the next step in situations that have plenty of moving parts. One day they’ll both be done and we can go back to talking about the actual teams that reside in Dallas and Arizona.

Canucks president doesn’t rule out acquiring a player with Evander Kane’s type of history

BUFFALO, NY - MARCH 01: Evander Kane #9 of the Buffalo Sabres warms up to play the Edmonton Oilers at First Niagara Center on March 1, 2016 in Buffalo, New York.  (Photo by Jen Fuller/Getty Images)
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Trevor Linden didn’t mention Evander Kane by name, because, well, you know…

But yesterday on the radio, the Vancouver Canucks’ president of hockey operations sure didn’t close the door on acquiring a player with Kane’s type of history.

You can listen to the audio of Linden’s interview with TSN 1040 here. (The Kane discussion starts at around the 3:10 mark.)

The main takeaway is that Linden refused to say that a player with a history of getting into trouble with the police would absolutely not be welcome on the Canucks.

“I think with any situation, they’re all unique to themselves,” Linden said, before warning against the temptation to jump to conclusions prior to knowing all the facts.

“Ultimately we’d prefer not to have that situation arise, certainly with our own players,” he added. “It’s a big world out there. Obviously, the challenges are significant for young guys who make a lot of money and get themselves into spots that they make mistakes.”

The Kane speculation has been kicked into overdrive in Vancouver (where Kane was born and raised and played his junior hockey), despite the absence of any hard evidence that the Canucks are talking seriously with Buffalo about a deal.

It’s been reported that the Sabres’ ability to sign Jimmy Vesey could impact their willingness to trade Kane. Vesey can’t make his decision until Aug. 15, so perhaps we’ll have to wait until then.

But according to Canucks beat writer Jason Botchford (The Province), Kane is definitely on Vancouver’s radar.

“There’s no doubt about it, the Vancouver Canucks are going to be in on Evander Kane,” Botchford told TSN 1040 radio. “Ownership loves Kane. Jim Benning really likes Kane. Trevor? He’s maybe a little bit ambivalent, but he could be won over. They’re going to be in on Evander Kane.”

Related: Canucks made Jets ‘fair offer’ for Kane

Preds sign Jarnkrok for six years, with a cap hit of just $2 million

DENVER, CO - DECEMBER 09:  Calle Jarnkrok #19 of the Nashville Predators skates against the Colorado Avalanche at Pepsi Center on December 9, 2014 in Denver, Colorado. The Predators defeated the Avalanche 3-0.  (Photo by Doug Pensinger/Getty Images)
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Nashville’s momentous offseason continued today with the signing of forward Calle Jarnkrok to a six-year, $12 million contract.

That’s a cap hit of just $2 million, all the way through 2021-22.

Suffice to say, it’s not often that a player signs such a long deal, for such a modest cap hit. Jarnkrok notched career highs in goals (16) and assists (14) in 81 games last season for the Preds. He kills penalties, too.

At the very least, the 24-year-old has some financial security now. But for Nashville, as long as his production doesn’t fall off a cliff, he could end up being a great bargain.

Jarnkrok had an arbitration hearing scheduled for Aug. 4.

Related: Preds avoid arbitration with Petter Granberg — two years, $1.225 million

Red Wings re-sign Mrazek to two-year, $8 million deal

Detroit Red Wings goalie Petr Mrazek (34) stops a shot by Tampa Bay Lightning center Valtteri Filppula (51) in the first period of Game 3 in a first-round NHL hockey Stanley Cup playoff series, Sunday, April 17, 2016, in Detroit. (AP Photo/Paul Sancya)
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The Detroit Red Wings didn’t need Petr Mrazek‘s arbitration hearing either.

The day after the Wings avoided the process by locking up defenseman Danny DeKeyser, they agreed on a two-year deal with Mrazek, with a reported cap hit of $4 million.

Mrazek, 24, went 27-16-6 last season with a .921 save percentage. Those numbers compared favorably to Jimmy Howard‘s (14-14-5, .906); however, GM Ken Holland has argued that keeping Howard could be best for Mrazek’s development.

“It could possibly be detrimental if we put Petr in a situation where we’re just going to throw him out and play 70 games and no matter how you play, we’re going to keep putting you out,” said Holland.

Granted, it may be that Howard is simply untradeable. He’s 32 years old, hasn’t put up solid numbers the past three seasons, and has three years remaining on his contract with a cap hit of just under $5.3 million.

If Howard remains, the Wings will have just under $9.3 million in cap space allocated to their goaltenders next season, one of the highest totals in the league.

Mrazek, by the way, will still be a restricted free agent when his new contract expires in the summer of 2018.

Tavares ‘would love’ to spend his entire career with Isles

John Tavares
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With new majority owners and now talk of a new arena, the future of the New York Islanders has been a popular topic lately.

Not surprisingly, it’s led to plenty of discussion about the future of captain John Tavares, who can become an unrestricted free agent in the summer of 2018.

Ownership has insisted that it won’t get that far, that Tavares will be re-signed. The Isles will have “no financial constraints,” owner Jon Ledecky promised.

But what about Tavares? What does he think?

“I think I’ve always showed my commitment, my appreciation and my desire to play on Long Island,” the 25-year-old told Sportsnet 590 radio on Tuesday, per NHL.com. “I would love for that to continue for the long haul. I think you look at some of the greatest players in the game have been able to spend their entire career somewhere. I hope I’m in that same position.”

As for the speculation he could sign in Toronto?

“I would not count on that,” he said.

So start the countdown to July 1, 2017. That’s when Tavares can officially start negotiating an extension with the Isles.

Perhaps by then we’ll even know where the team will be playing its future games. Will it be Brooklyn or somewhere else?