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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.

WATCH LIVE: Game 2 of Islanders – Lightning, Penguins – Capitals

Washington Capitals right wing T.J. Oshie (77) starts to celebrate his goal against Pittsburgh Penguins goalie Matt Murray (30) and Kris Letang (58) during the second period of Game 1 in an NHL hockey Stanley Cup Eastern Conference semifinals Thursday, April 28, 2016 in Washington. (AP Photo/Pablo Martinez Monsivais)
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The Stanley Cup playoffs continue with two games on Saturday. You can catch tonight’s games via the NBC Sports Group’s television and digital platforms.

Can Sidney Crosby and the Penguins even things up against Alex Ovechkin and the Washington Capitals? Will the Lightning avoid dropping both games at home against the Islanders? We’ll find out on NBC.

NY Islanders at Tampa Bay (3:00 p.m. ET)

The TV broadcast of Game 2 will be on NBC. To stream the game using the NBC Sports Live Extra app, click here.

Pittsburgh at Washington (8:00 p.m. ET)

The TV broadcast of Game 2 will also be on NBC. To stream the game using the NBC Sports Live Extra app, click here.

Some reading to get you pumped up:

– The Penguins are keeping chatty Marc-Andre Fleury from speaking to the media(reportedly).

Tom Wilson received a fine, not a suspension, for that knee-to-knee hit.

T.J. Oshie was the difference-maker for Washington in Game 1.

– Don’t expect Steven Stamkos to face red-hot John Tavares anytime soon (or at all, maybe).

Read about the Isles’ Game 1 win

With Eaves injured, Nichushkin will play for Stars in Game 2

Dallas Stars right wing Valeri Nichushkin (43) takes control of the puck in front of St. Louis Blues center Jori Lehtera (12) during the third period of an NHL hockey game Sunday, Dec. 27, 2015, in Dallas. The Stars won 3-0. (AP Photo/LM Otero)
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It shouldn’t come as much of a surprise that Patrick Eaves won’t be able to play for the Dallas Stars against the St. Louis Blues in their upcoming Game 2.

The last time we saw Eaves, he was leaving the ice by gliding on one foot after being hit by a teammate’s shot. He needed help to the locker room and was seen on crutches according to Mike Heika of the Dallas Morning News.

The bad news is that Eaves cannot go. The good news is that the Stars can replace him with a player who boasts considerable offensive skill, as Valeri Nichushkin will take Eaves’ place.

Nichushkin wasn’t very effective in five postseason games so far, failing to score a point and only managed three shots on goal.

Still, if the frenetic pace of Game 1 carries on through this series, Nichushkin could very well make an impact.

Update: the Stars have other options at forward after making recalls:

Sheary’s in for Penguins in Game 2; Kunitz is a game-time decision

Pittsburgh Penguins' Conor Sheary (43) is greeted by teammates Brian Dumoulin (8) and Chris Kunitz (14) after scoring his first NHL goal, in the first period of the Penguins' hockey game against the Boston Bruins, Friday, Dec. 18, 2015, in Pittsburgh. Bruins' Brad Marchand is at lower right. (AP Photo/Keith Srakocic)
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Both the Pittsburgh Penguins and Washington Capitals might look a little different in Game 2 on Saturday after that blistering Game 1.

As the team down 1-0, it’s not too surprising that the Penguins boast the more significant lineup questions, although they lean toward health concerns rather than performance tweaks.

Conor Sheary was able to return during Game 1 after Tom Wilson‘s controversial knee-to-knee hit, and he appears to be in for tonight’s contest as well. Chris Kunitz isn’t quite a guarantee, as he’s currently labeled a game-time decision.

For what it’s worth, Kunitz himself believes he’ll be in. Whether he plays on Saturday or not, it sounds like Kunitz is taking extra safety measures going forward.

The Penguins stayed vague with Marc-Andre Fleury, merely claiming that he’s making “progress.”

Generally speaking, Matt Murray has been playing well for the Penguins. Of course, the scrutiny will rise if Pittsburgh loses Game 2 on Saturday.

The Capitals are also considering a tweak. CSN Mid-Atlantic reports that Barry Trotz is pondering replacing Dmitry Orlov with Taylor Chorney.

“They told me to be prepared as if I’m going to be playing,” Chorney said. “We’ll just see how it goes.”

As you may notice, Chorney isn’t the only one in wait-and-see mode heading into Game 2, which you can watch on NBC.

Hitchcock, Blues know they need to slow down the Stars … but can they?

The puck shot by Dallas Stars left wing Antoine Roussel crosses the goal line as St. Louis Blues goalie Brian Elliott (1) and defenseman Jay Bouwmeester (19) attempt the stop during the second period of Game 1 of the NHL hockey Stanley Cup Western Conference semifinals, Friday, April 29, 2016, in Dallas. The Stars won 2-1. (Tom Fox/The Dallas Morning News via AP)
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The Dallas Stars only beat the St. Louis Blues by one goal (2-1) in Game 1, but the feeling is that the score was deceptively close.

Blame it on fatigue from that epic series against the Chicago Blackhawks or not; the Blues looked out of rhythm and out of breath against the hard-charging Stars.

At least they’re not in denial about that, though.

“We’re not going to beat anybody giving up 40 shots on goal,” Blues coach Ken Hitchcock told the St. Louis Post-Dispatch after their Game 1 loss on Friday. “We’re not going to beat anybody giving up the scoring chances we did today.”

Hitchcock added “we’ve got to find the energy to play our game, and we’ve got to find it quickly in the next 48 hours.”

Allowing 40 shots on goal might not be that common for the Blues, yet they leaned heavily on Brian Elliott against the Blackhawks in that series.

Just look at the SOG comparison in that series and in Game 1 vs. Dallas:

Game 1: Blues – 18 SOG, Blackhawks – 35
Game 2: Blues – 31, Blackhawks – 29
Game 3: Blues – 36, Blackhawks – 46
Game 4: Blues – 20, Blackhawks – 42
Game 5: Blues – 46, Blackhawks – 35
Game 6: Blues – 28, Blachawks – 36
Game 7: Blues – 26, Blackhawks – 33

Game 1: Blues – 32, Stars – 42

Such shot comparisons make you wonder if Game 1 provided evidence of a rest advantage or if this might just be the state of affairs for the Blues (at least against two electric offenses).

One area to watch is the transition game. The Stars seemed to tear through the neutral zone while the Blues sometimes struggled to get things going.

“They’re a team that wants to play real fast up the ice and through the neutral zone,” Jay Bouwmeester said, via the St. Louis Post-Dispatch. “Yeah, we didn’t do a very good job of slowing them down. A lot of their chances were off the rush. That’s what you want to take away from them.”

File that under “easier said than done.”