Dallas Stars sale takes next step in bankruptcy court

While the team itself wraps up work at Prince Edward Island, the Dallas Stars’ most important battles will take place in the courtroom rather than along the boards.

Today marked another key step in that process, as the bankruptcy court proceedings began with a rather important thing determined: the Stars will, in fact, be able to function as normal even as they go through the bankruptcy process. It will be business as usual, with the Dallas Morning News confirming that 12 motions were passed that permit the team to keep the lights on (both literally and figuratively).

That’s a crucial part of the process after the team officially filed for bankruptcy last week as part of a plan to sell the franchise, which is currently being controlled by creditors who took over once Tom Hicks’ financial issues eliminated his ability to run the team.

The next step is an even bigger one: a hearing involving the bidding process for the team will take place on Thursday. That will give bidders a 30-day deadline to make their attempts to own the Stars, which means that they must submit their bids by Oct. 22. Katie Hairopoulos explains that the the proposed auction date would then be Nov. 21, which would make the goal of changing ownership before 2012 seem fairly reasonable. (Keep in mind that the new owner(s) would need to be approved by the NHL Board of Governors, along with other steps that might delay or even halt the process.)

While there are certainly some elements that are still in the air, it’s hard to deny the feeling of optimism permeating the potential deal. Frontrunner Tom Gaglardi already announced the legal team that will represent him in the bidding, while Business Week reveals that former Texas Rangers co-owner Chuck Greenberg may indeed get involved in the process (which has been rumored for some time). Check out this post for some speculation regarding other possible owners, including Doug Miller, who owns the CHL’s Allen Americans.

Again, though, Gaglardi seems like the top contender. Dave Shoalts of the Globe & Mail elaborates on why he might not face very serious opposition.

The offer will also serve as a stalking-horse bid for the bankruptcy court, which means other parties can file a higher bid with the court. However, Stars insiders do not expect any competing bids and Gaglardi may take control of the team in the next two months if he gets the expected approval from the NHL’s board of governors.

Once Gaglardi is in charge, Stars fans can expect a strong marketing push to win them back, as the team’s ticket sales eroded badly in Hicks’ final years. There may also be a new president on the way, since current president Tony Tavares, a veteran NHL executive, was appointed by the banks to look after the team during the bankruptcy and sale.

While GM Joe Nieuwendyk claims that the team wasn’t affected by ownership issues, it clearly made it that much easier for Brad Richards to decide to leave town. (I’d actually argue that the Stars might be better off in the long run because of Richards’ age and the fact that they missed the playoffs for three straight seasons with him on their roster, but that’s a debate for another day.)

Nieuwendyk can say all the right things about the team’s health without an owner, but with the specter of budding star Jamie Benn’s pending restricted free agency and the team’s struggles at the box office, a deep-pocketed new owner would be a huge boost for the Stars. While a lot can change in the next week and months, it’s starting to look like the Stars will get their new owner and a steadied direction in the near future.

Under Pressure: Jaroslav Halak

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This post is a part of Islanders day at PHT…

No goaltender went through a season that could be more accurately called a roller coaster than Jaroslav Halak.

The veteran netminder entered the campaign immediately following a superb showing in the World Cup, but he struggled in the first half of the season to the point where he cleared waivers and was then sent to the minors on Dec. 31. Rather than fade away though, he got a second wind in the AHL. That led to him being called up on March 23 and shining in the finals weeks of the campaign.

So after all that, what’s next for Halak? Will he excel like he did towards the end of the season, struggle like he did at the beginning, or end up being wildly inconsistent yet again?

He’s down to the final season of his four-year, $18 million deal and Thomas Greiss has emerged as a strong alternative for the starting gig with the Islanders. Greiss is entering the first season of a three-year, $10 million deal, so he is more firmly established as part of the Islanders’ plan than Halak, but Greiss’ contract isn’t so expensive or long-term that the Islanders can’t re-sign Halak too if the situation calls for it. Especially if Halak were to step up and become a major part of guiding the Islanders back into the postseason after their disappointing 2016-17 showing.

What the presence of Greiss does though is give Halak little leeway in order to reestablish himself as that type of goaltender. If Halak even has a bad October, he might find himself set more clearly in the backup role beyond that.

Perhaps the Islanders are looking to Greiss as their future though and have little interest in Halak beyond this season. Maybe they would prefer a younger and/or cheaper pairing with Greiss once given the flexibility that Halak’s contract expiring affords them. Even in that scenario, this would still be a critical season for Halak as he’ll need a strong showing in order for him to find a gig elsewhere. After all, it wasn’t long ago that the entire league said they didn’t want his contract and while he’s bounced back since then, he still needs to prove this season that he’s worth a new deal.

The goaltender market is always a tough one, especially for those seeking a starting job, but for a great netminder that’s a nonissue. Halak has played at that level at various points of his career. He needs more than ever to be that goaltender again.

Gallant thinks Golden Knights can ‘win and compete consistently’ during inaugural season

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What can we expect from the Vegas Golden Knights in 2017-18? No one really knows what they’ll look like once they hit the ice because they’ve never played together before.

Of course, the expectation is that they’ll be bad, which is fair considering the track record expansion teams have in pro sports. But are they gonna be “Colorado bad” or will they be able to hold their own more often than not?

“I knew we were going to have a pretty decent team, but the team was better than I thought,” head coach Gerard Gallant said, per NHL.com. “I thought we got better top-end players than I thought we’d get.

“So I think we did a real good job building our team. Is it good enough to win and compete consistently? I think it is.”

Through the expansion draft, Gallant’s team was able to find themselves a quality number one goalie in Marc-Andre Fleury and a relatively young backup in Calvin Pickard.

After parting ways with defensemen like Alexei Emelin and Marc Methot, the Golden Knights are left with solid options like Nate Schmidt, Shea Theodore, Colin Miller, and veterans like Jason Garrison, Luca Sbisa and Brayden McNabb. That’s a decent group for an expansion side.

Up front is where things get a little more complicated. They signed Russian free agent Vadim Shipachyov and picked James Neal, David Perron and Reilly Smith during the expansion draft, but they’re also light on scoring depth.

“There’s going to be issues,” added the Golden Knights head coach. “Some nights we’re going to have trouble scoring goals. You look at our roster, there’s a lot of good players. Are there any superstars there?”

It’ll be interesting to see how Vegas’ first year in the NHL will unfold under Gallant and general manager George McPhee’s watch.

Poll: Will John Tavares re-sign with the Islanders?

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This post is part of Islanders Day on PHT…

Is this going to be the last year we see John Tavares in a New York Islanders uniform?

That will likely be the question that surrounds the Islanders as long as Tavares is around and he hasn’t signed a long-term extension with the only club he’s ever played for.

The Tampa Bay Lightning went through this a couple of years ago with Steven Stamkos. In the end, the sniper opted to remain with the club that drafted him. Will Tavares do the same thing? Only time will tell. But what happens if Tavares doesn’t sign before the trade deadline?

The Bolts had to chose between keeping Stamkos for a playoff push and risk losing him for nothing, or trading him for a few assets to make sure they got something to show for him. The situation worked out well for Lightning GM Steve Yzerman.

Players like Tavares rarely make it to free agency, which is why it could be tempting for him to wait until July 1st to see what he could fetch on the open market.

The 26-year-old holds all the cards. He’s already said that he’s in no hurry to sign a new contract extension.

“For me, there’s really no rush,” Tavares told Newsday last week. “I’m trying to determine things, let the process run its course, keep the lines of communication open, keep it all internal and it’s been good so far . . . In terms of signing a new contract, there’s a lot that goes into it. To really dive into all the details, get into all the conversations I’ve had with Garth [Snow], the team and Doug [Weight], I don’t think it’s productive to the situation and the negotiating. I prefer to keep it all internal, that’s the best way to keep it all open, honest and healthy.”

Since he joined the Islanders as an 18-year-old in 2009-10, he hasn’t exactly been surrounded by incredible talent. Sure, New York has had some quality players on their roster, but they’ve always leaned heavily on Tavares.

This summer, they traded away inconsistent forward Ryan Strome to the Oilers for proven scorer Jordan Eberle, who could see some time on Tavares’ wing. Will it be enough to convince him to stay?

The biggest difference between the Tavares/Stamkos situation, is that Stamkos expected to Lightning to be very competitive over the next few years (yes, they missed the playoffs this year, but the future still looks bright). Can the Islanders superstar expect the same from his organization?

Many have already speculated that he could decide to sign with his hometown team, the Toronto Maple Leafs. Even though the Leafs have plenty of talented forwards on their roster, they could still benefit from having a guy like no. 91 around.

Will he stay or will he go? Let us know what you think by voting in the poll below. Feel free to leave your opinion in the comments section.

It’s New York Islanders day at PHT

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Understatement 1: the 2016-17 season was rough for the New York Islanders.

Understatement 2: John Tavares‘ future is a pretty big deal, to Islanders and hockey fans alike.

Many of the worries surrounding the second understatement stem from the first one; last season was rough, to the point that people are worried that Tavares’ confidence might be shaking in the Isles.

Of course, it’s not just about the 2016-17 season.

After all, they’ve only won one playoff series (eliminating the Panthers in 2016) since 1992-93. If Tavares is growing impatient with the Islanders’ process, then 2017-18 stands as potentially integral in keeping him around. Islanders fans cringe at such talk, but there’s no sense pretending that isn’t an issue on Isles day.

Ouch. Sorry.

The Islanders are sticking with Doug Weight as head coach after a largely successful interim run.

As far as changes go, GM Garth Snow traded Ryan Strome for Jordan Eberle, a player Tavares has some history and chemistry with. That was a good way to entice Tavares … but trading away Travis Hamonic might not have been the most endearing move. At least since the Islanders didn’t land, say, Matt Duchene for their troubles.

There’s always the chance that a Duchene deal – or some other upgrade – could still be in the works, but as is, this off-season feels more like a lateral move for the Islanders. The draft picks they got for Hamonic probably don’t mean much for Tavares, after all.

Islanders day will explore many facets of the team on Monday. Some might not even revolve around that Tavares fellow.