Report: Dallas Stars could have a new owner in place by the end of the year

While Dallas Stars GM Joe Nieuwendyk claims that the team hasn’t been affected by its ownership issues, there should be little doubt that the franchise would prefer to resolve that situation as soon as possible. The good news is that the team still has plenty of value in the eyes of the hockey and business world, so it might just be a matter of time.

The latest slew of reports from Friday indicate that things could be wrapped up rather soon. The reports indicate that frontrunner Tom Gaglardi’s bid to own the Stars was officially submitted on Friday, although details about the exact size of that ownership bid have not been revealed. (Gaglardi initially submitted it in late July, but Defending Big D explains that league lawyers looked over the terms during the month of August.)

The process still has some way to go before ownership changes hands and it’s not certain yet that Gaglardi will be the owner once the ink dries. The Stars must first go into bankruptcy court in the near future, with the hearing expected to take place at a Delaware district court on September 14.

(Gerry Fraley of The Dallas Morning reveals that Delaware is the location of choice for such hearings “because of its business-friendly climate and the efficiency of its courts in these matters.” Fraley points out that the troubled Los Angeles Dodgers had their own hearings in Delaware during the month of July.)

Again, while Gaglardi might be considered a frontrunner for the sale, there are other potential bidders. Here are more details from ESPN’s Mark Stepneski.

Although Gaglardi would have a signed purchase agreement it doesn’t mean he is guaranteed to be the club’s new owner. His offer would be what is considered a stalking horse bid. Other potential bidders will be given a chance to top it in the bankruptcy proceedings.

Among the bidders who could be in the mix:

*Irving businessman Billy Quinn, who is the Managing Partner of Natural Gas Parnters

*Allen Americans owner Doug Miller

*Former Texas Rangers CEO Chuck Greenberg

Stepneski passes along word from Nieuwendyk, who said that the sale should be completed before Christmas time. Of course, the NHL would also need to approve the sale, but various reports indicate that shouldn’t be a problem. The Dallas Business Journal points out that the sale could actually wrap up in about a month if there are no other bidders, but that seems unlikely in this situation.

Either way, the consensus indicates that the Stars are approaching the light at the end of the tunnel. That being said, if you’ve followed NHL ownership situations before, you probably realize that it’s rarely safe to assume anything until a new owner is officially approved and announced. We’ll keep you informed about this situation as September 14 rolls around and the sale (hopefully) nears its completion.

Lightning re-sign journeyman forward Conacher

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Cory Conacher has turned an impressive Calder Cup Playoffs run into a two-year contract with the Tampa Bay Lightning.

Per the club, it’s a one-way deal in the first season and a two-way deal in the second, paying $650,000 annually at the NHL level.

Conacher, 27, had 12 goals and 16 assists in 22 playoff games as the Syracuse Crunch made it all the way to the 2017 Calder Cup Final.

The undrafted and undersized forward was also productive during the regular season, racking up 60 points (17G, 43A) in 56 games for the Crunch and four points (1G, 3A) in 11 games for the Lightning.

Conacher has been quite the traveler in recent years, making numerous stops in both NHL and AHL markets. He spent the 2015-16 season in Switzerland, before returning to North America to sign with the Bolts last summer.

Sens keep Condon with three-year, $7.2 million extension

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Ottawa was thrilled with the way Mike Condon played last year.

And so, they’ve rewarded him.

Condon has signed a three-year, $7.2 million extension, the club announced on Monday. It carries a $2.4 million average annual cap hit, and makes him the only Sens goalie under contract beyond next season. Both Craig Anderson and Andrew Hammond are UFAs in 2018.

Condon, 27, found stability in Ottawa after a whirlwind start to the year. He was waived by Montreal out of training camp and picked up by Pittsburgh, but only saw 20 minutes of action before the Sens acquired him.

His acquisition was necessary after news broke that Anderson’s wife, Nicholle, had been diagnosed with cancer. And as Anderson took leaves from the team to be with his wife, Condon got plenty of opportunities to play, and found his groove.

His first season in Ottawa featured several team records, including playing in a franchise-best 27 consecutive games between Dec. 1, 2016, and Feb. 4, 2017. He became the fastest goaltender in franchise history to record five shutouts, when he did so in his 32nd game on Feb. 16 versus the New Jersey Devils.

That performance led some to speculate Condon would test the market this summer, possibly for a No. 1 gig somewhere — or, the opportunity to compete for one.

That said, he and the Sens had started extension talks all the way back in February, suggesting both parties wanted to continue working together.

This means that another potential UFA goalie is now off the market. With reports that Ryan Miller is on his way to Anaheim, the pool of available guys is now led by Brian Elliott, Steve Mason, Jonathan Bernier, Chad Johnson, Anders Nilsson, Darcy Kuemper and Ondrej Pavelec.

Rangers reportedly on verge of re-signing Brendan Smith

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The New York Rangers are “close to finalizing” a contract extension with defenseman Brendan Smith, according to TSN’s Bob McKenzie.

The deal is expected to be four years long with a cap hit of $4.35 million.

Smith, 28, was traded from Detroit on Feb. 28, and the Rangers clearly liked what they saw.

In the playoffs, Smith played all 12 games, averaging 19:41 of ice time while adding four assists and finishing a team-high plus-8.

It remains to be seen if signing Smith makes it less likely that the Rangers pursue Kevin Shattenkirk in free agency.

Don’t forget the Blueshirts got Anthony DeAngelo in the Derek Stepan trade, and DeAngelo’s game is quite similar to Shattenkirk’s — albeit far less proven at the NHL level.

Related: Smith, Rangers still talking

Report: Kings land Sabres goalie prospect Petersen

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Sounds like Cal Petersen is headed to Los Angeles.

Per LA Kings Insider, Petersen — the star Notre Dame goalie taken by Buffalo at the 2013 draft — has decided to sign with the Kings when he becomes an unrestricted free agent on Aug. 16.

The decision comes just days after Petersen told the Sabres he wouldn’t be signing with them.

“I’ve spoken to Cal. At this time I think he’s going to probably move to free agency and we’ll go from there,” GM Jason Botterill said, per the Buffalo News. “Disappointed, but we’ll move on.”

Petersen, 22, is coming off a great junior year for the Fighting Irish. He went 23-12-5 with a .926 save percentage and 2.22 GAA, helping the club advance to the Frozen Four. Petersen was also named a finalist for this year’s Mike Richter Award, given annually to college hockey’s top goalie.

In April, he was named to the U.S. team at the World Hockey Championships in France and Germany. He was one of three goalies on the squad — along with Connor Hellebuyck and Jimmy Howard — but didn’t appear in any games.

In late May, Petersen announced he was forgoing his senior year at Notre Dame to turn pro, but declined to say which club he would be signing with. Buffalo’s rights to Petersen expire on Aug. 15.

With the Kings, Petersen finds himself in a good situation. Jonathan Quick is entrenched as the No. 1, but turns 32 next season and missed most of last year with a groin injury. The backup battle will be between 30-year-old Jeff Zatkoff and 25-year-old Jack Campbell.

Organizationally, the club doesn’t have a ton of depth. L.A. cut ties with Czech goalie Patrik Bartosak following his assault charges in a domestic violence case in 2015. Jack Flinn, 21, saw a bit of time with AHL Ontario last year, and the club has used draft picks on the likes of Alec Dillon and Matthew Villalta.