Report: Stars officially file bankruptcy plan to sell the franchise

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The next step in the Dallas Stars sale process is complete. The team announced on Thursday that they have filed a prepackaged chapter 11 plan in United States Bankruptcy Court to aid in the team’s sale. Lenders have worked with the team to put together the plan that would sell the team to Vancouver businessman Tom Gaglardi for an estimated $230 million—yet the sale is still subject to higher bids within the context of the bankruptcy proceedings.

Straight from the Dallas Stars’ press release:

To facilitate the sale, Dallas Stars, L.P. has commenced a voluntary chapter 11 bankruptcy case in the United States Bankruptcy Court for the District of Delaware in Wilmington, including the filing of a “prepackaged” chapter 11 plan. The chapter 11 process has the support of the National Hockey League and the Dallas Stars’ lenders, who voted to accept the prepackaged plan prior to filing. The prepackaged plan provides for a court-supervised auction of the Dallas Stars Club and other hockey-related assets. The purpose of the sale is to allow for a smooth transition in ownership, while ensuring that the Dallas Stars continue to play at the American Airlines Center in Dallas. The Plan provides that the Dallas Stars will pay and perform all of its obligations to its fans, players, employees, and vendors.”

It’s important to note that this is merely a procedural step in this particular sale. People will see the word “bankruptcy” and automatically assume that the Stars are yet another NHL team that is in financial dire straits. That’s not the case. In the Stars circumstance, there are various lenders who are owed debts that were incurred under the previous regime. In order to handle the debts within the context of the settlement, a prepackaged plan in Bankruptcy court is a viable solution to address all necessary parties. Still, there will be those outside the hockey world who will see “bankruptcy” and make the leap toward financial instability within the sport. That may or may not be true in other markets—but not in Dallas.

The news comes as the Dallas Stars’ players and coaches look to start the 2011-12 season on the right foot. Fortunately, the team’s sale should not affect the players on the ice or the inhibit GM Joe Nieuwendyk from doing his job. President Tony Tavares explained that it will be business as usual for the players starting training camp this week:

“This is a significant step toward completing the transition in ownership. We are pleased that our lenders have shown substantial support for the plan and the sale process, but the Dallas Stars are focused on one thing: hockey. The players and coaches begin Training Camp on Friday and we are all excited to start the new season.”

This season is shaping up to be a year of renewal for the Stars. Between the sale and a new coaching staff led by Glen Gulutzan, the team will look to create a new identity and get back to the playoffs for the first time in three seasons. A young coach leading the young players on the ice will help—but solidifying stable ownership will be the most important thing the team accomplishes this season.

Maybe the Stars will be able to start spending money once again? We should find out in late November.

Ducks have better chance to slow McDavid with healthier defensemen

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Trying to stop – or at least inhibitConnor McDavid is likely to be a conundrum for opposing teams for, oh, the next decade or two. Still, it helps matters to at least be near 100 percent.

The Anaheim Ducks dispatched the Calgary Flames (a team with some serious firepower on the blueline and also magician-forward Johnny Gaudreau) in four games despite serious limitations on defense. It seems like they’re getting closer to being their full-fledged selves, as the team website revealed that Hampus Lindholm and Cam Fowler seem likely to play in Game 1. Also, Sami Vatanen is getting better.

Much has already been made about the Ducks matching up Ryan Kesler and Andrew Cogliano against McDavid, at least when they can.

“We’ll start looking at things and try to come up with some sort of plan,” Cogliano told the Los Angeles Times. “He’s dynamic. I think with how good he is sometimes you look [past Draisaitl]. Not that he flies under the radar, but he’s a player you have to keep an eye on, too.”

Still, Randy Carlyle faces some interesting choices as far as which blueliners to send out against McDavid.

Fowler is more known for his offensive skills, but his skating ability makes for an intriguing option, at least if he’s close to 100 percent. Lindholm might not get much press just yet, but he’s quietly building a resume as one of the league’s best defenders. It’s a little tricky with them being even somewhat slowed by injuries, though.

For what it’s worth, the Ducks had some success against McDavid in 2016-17, limiting him to zero goals, one assist and just two shots in three regular-season games.

It’s dangerous to put too much weight on such stats, especially considering the small sample size. The bottom line is that Carlyle gets the final change for Games 1 and 2, a potentially key advantage against McDavid and the Oilers.

You know, assuming there’s even an ideal matchup for Anaheim.

Travis Hamonic, Wayne Simmonds are up for Foundation Player Award

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New York Islanders defenseman Travis Hamonic and Philadelphia Flyers forward Wayne Simmonds are skilled players, but they’re the two finalists for the NHL’s Foundation Player Award for their work off the ice.

NHL teams submit their nominations for the award, which is given to the “NHL player who applies the core values of hockey – commitment, perseverance and teamwork – to enrich the lives of people in his community.”

The winner gets $25K to donate to their charity of choice.

Considering all the time players spend giving back, Hamonic and Simmonds both likely deserve recognition.

Blackhawks president says Preds sweep was ‘no fluke’ (Coach Q is angry, too)

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Any team would be upset with being swept briskly from the first round, especially with a 13-3 goal differential, and especially a franchise with recent successes like the Chicago Blackhawks.

In speaking with the Chicago Sun-Times’ Mark Lazerus, team president John McDonough stated that “we were steamrolled” by the Nashville Predators and that it “wasn’t a fluke.”

While other franchises (like, say, the veteran-saddled Los Angeles Kings) have been known to be loyal possibly to a fault, the Blackhawks have perpetuated their dominance in part by being willing to let significant parts go to stay lean and competitive. It’s no surprise, then, that McDonough provided the Sun-Times with comments like these:

“It’s certainly a wake-up call, for sure,” McDonough said of the sweep. “And I’m not a sentimentalist. I don’t get caught reminiscing about three Stanley Cups or parades or anything like that. It’s up to Stan [Bowman] and his staff to figure this out on the hockey side.”

Wow, that’s almost “fire emoji” territory, eh?

Now, that’s not to say that McDonough’s trashing everyone running the ship. He still was mostly flattering to Bowman & Co., even if he also admits that he lives “in a world of concern,” which sounds like the beginning of an ad for anxiety medication.

Bowman has already shown that he’s still on board with making bold moves, even if they ruffle some feathers, particularly those of Joel Quenneville.

(Did that phrase include feathers to make you think of his mustache? Perhaps.)

Anyway, in firing long-time Coach Q assistant Mike Kitchen, the Chicago Tribune’s Chris Hine wonders if Bowman might “reopen old wounds” in management.

Yes, success tends to mend fences, but it is indeed true that there were some tense moments for Coach Q & Co. during rare fallow periods. Memories can suddenly become “long” again when things start to get dicey.

Now, we’ve seen management make some moves, and it certainly seems like McDonough is in favor of some changes … but how much room does Bowman really have to work with? Their cap situation looks awfully tight by Cap Friendly’s measures, so it could be an awfully challenging offseason for the Blackhawks. And there have already been some bitter moments.

On the other hand, if any team has shown the ability to adapt even in tough times, it’s this group.

More

A long summer awaits the Blackhawks

Feelings of emptiness, shock shortly after the sweep

Bowman promises changes

Couture in ‘uncomfortable state’ after two facial fractures

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SAN JOSE, Calif. (AP) San Jose Sharks center Logan Couture played in the postseason despite two fractures in his face along with the plastic and wiring in his mouth that kept his teeth in place.

Couture revealed more details of the injuries sustained when a deflected slap shot from teammate Brent Burns hit him in the mouth in Nashville on March 25.

He said he had one fracture that went from his upper lip to the nose area that is still very sore and will take about six weeks to completely heal. The other fracture is below his bottom row of teeth.

“They’re not fun,” he said Tuesday. “It’s not extreme pain right now. Obviously it’s bearable to get by on a day-to-day basis. It’s still a struggle to eat and sleep and some of that stuff. It’s not comfortable. It’s an uncomfortable state to be in.”

Couture said he will meet with his dentist soon to figure out the next steps in recovery. He will need implants to get the teeth fixed and hopes to get that work done in the next few weeks so he can return home to Canada after that.

Couture said he is still “crushed” by San Jose’s first-round playoff loss in six games to the Edmonton Oilers and will need a few more days to get his mind right.

After San Jose made a run all the way to the Stanley Cup Final a year ago, Couture said it was frustrating to enter the postseason with the team so banged up this year.

“You sit there and think, `Why is this happening to us?”‘ he said. “It’s the game of hockey and injuries happen. Teams that win, they battle through the adversity and the injuries and other guys step up and play big roles. Unfortunately, we weren’t able to do that as a team.”

Couture scored two goals in a Game 4 win but did not play up to his usual standards. The Sharks were also hurt by a serious injury to top-line center Joe Thornton, who tore the ACL and MCL in his left knee on April 2 and was back playing in Game 3 two weeks later.

Thornton had two assists in the final four games of the series before undergoing surgery to repair the knee on Monday.

“He’s incredible,” Couture said. “I don’t know if he feels pain because it can’t be fun. The fact that he skated three days after it happened was shocking. I don’t think anyone expected that in our room. It shows how badly he wants to win that he was able to get back out there. The steps that he was going through to play was pretty remarkable. Everyone in our dressing room respects the heck out of that guy. He really wants to win.”

Among other injured players for San Jose were forward Patrick Marleau (broken left thumb), forward Tomas Hertl (broken foot), and forward Joonas Donskoi (separated shoulder).

You can see a picture of Couture’s damaged mouth here, but a warning — it’s pretty gross.