Bankruptcy court approves Dallas Stars’ bidding process

1 Comment

Dallas Stars fans can be forgiven if they look back at Sept. 22, 2011 as a day in which the franchise closed the book on a major chapter in its history and turned the page to a new era.

Earlier today, we passed along the heartwarming news that the team honored its retired franchise centerpiece Mike Modano by signing him to a symbolic one-day contract, making sure that he retires as a Dallas Star. While the team completely waved goodbye to that error with that kind gesture, the franchise has reason to look forward to a brighter future for the first time in years.

That’s because their ownership situation is getting less and less murky. The team received the green light to exist in a “business as usual” state despite filing for bankruptcy earlier this week and today marked another important court date. Various sources report that the same U.S. Bankruptcy Court in Delaware approved the bidding procedures proposed by the Stars, the NHL and potential new owner Tom Gaglardi on Thursday.

Former PHT editor Brandon Worley confirms that the deadline for bids remains Oct. 22, with a deadline for objections to those bids set for Oct. 25. If there are multiple bidders, then an auction will be scheduled for Nov. 21, with the winner expected to be announced on Nov. 23.

So far, Gaglardi is the only confirmed suitor, but Worley elaborates on the process and some other potentially interested parties.

For a bid to be considered a “qualifying bid”, the potential buyer must be pre-approved by the NHL and the courts and the bid must be at least $10 million more in worth than that of Gaglardi’s bid, which is valued at around $260 million. If more than one bid is approved by the court, then an auction will take place on November 21, with the winning bidder being confirmed in a combined hearing on November 23.

Currently, there have been no bids presented to the court but we’ve learned that both Doug Miller and Chuck Greenberg are certainly interested in making a bid if at all feasible. I wouldn’t expect there to be a bid made until just before the deadline, based on the complexity of the sale agreement.

Worley claims that a new owner should be in place by Thanksgiving, although different legal processes (including gaining approval from the NHL’s Board of Governors, which might just be a formality) might delay it from becoming 100 percent official. That being said, all signs point to the Stars getting a new owner – possibly before 2012 even begins.

Ducks take control of second in Pacific after edging Oilers

Getty
1 Comment

Connor McDavid was fantastic on Wednesday, but the Anaheim Ducks overcame his strong showing for a significant win in the Pacific.

McDavid scored a goal and two assists, yet Ryan Getzlaf was right there with him with three assists, helping the Ducks win 4-3.

With that, Anaheim is clearly ahead of Edmonton for second in the Pacific. The Ducks would hold home-ice over the Oilers if the playoffs began today, and better yet for them, a division title isn’t out of the question:

1. Sharks – 91 points in 73 games played
2. Ducks – 89 points in 73 GP
3. Oilers – 87 points in 73 GP
4. Flames – 86 points in 73 GP

As you can see, the Oilers aren’t exactly far ahead of the Flames for third, either.

Going forward, the Oilers have an interesting schedule: a mix of games against cellar dwellers (two apiece against the Canucks and Avalanche) plus two games apiece versus the Kings and Sharks.

The Ducks’ schedule includes two matches against the Flames, one against the Kings and one more match at Edmonton on April 1.

Long story short, the jockeying for position is far from over, but this was a pretty significant win for the Ducks.

Video: Connor McDavid shows off speed and skill (again)

1 Comment

Connor McDavid‘s 26th goal of 2016-17 was a lot like many others: an impressive display of skill and speed. He didn’t blaze past the Anaheim Ducks like has against opponents on other occasions, but his rare wheels still came in handy.

Maybe more than sheer speed, this tally is a reminder that McDavid could do impressive things while losing little or no momentum. It’s one thing to have straight-line speed, but he has the hands and hockey IQ to take advantage of his swift skating.

McDavid already has two points in this one, pushing him to 84 points. He also extended his point streak to five games (three goals, six assists if he stays at one of each on Wednesday).

Islanders grab precious points by beating Rangers

3 Comments

The goal posts might move from time to time – now they’re chasing the Boston Bruins more than the Toronto Maple Leafs – but the bottom line is that the New York Islanders need to get it done to make the playoffs.

They still have some climbing to do, but Wednesday represented a step in the right direction with a tough 3-2 win against the New York Rangers.

The Rangers built 1-0 and 2-1 leads in the second period as John Tavares struggled with a “hat trick” of penalties, but Tavares & Co. wouldn’t give up. They managed two power-play goals in the third (one by Nikolay Kulemin, the winner by Andrew Ladd) to turn things around for a significant win.

Anders Lee was also a big part of the win, grabbing a goal and an assist. The biggest difference-maker may very well have been Thomas Greiss, who stopped 34 of 36 shots (including all 11 in the third) as the Rangers created a lot of offense.

The Islanders now have 80 standings points, placing them two behind the Bruins for the East’s final wild card spot.

The Rangers’ hold over the first wild card seems quite secure, but they do have to worry ever so slightly about their play at home. With this defeat, they’ve now lost seven straight (0-5-2) at Madison Square Garden.

Video: Rick Nash scores 20th goal in sprawling style

1 Comment

Rick Nash has his critics stemming from his playoff struggles in the past, but for those who support him, moments like these are satisfying.

Why? Because you’d be absurd to discredit how hard he tries when Nash scores goals like he did for the New York Rangers against the New York Islanders on Wednesday.

Nash went all-out for his 20th goal of the season, sprawling after scoring against Thomas Greiss. It’s quite a sight, and Getty Images really was on top of that one.

via Getty Images

The Rangers may need more from him tonight, however, as the Islanders just went up 3-2. Watch the remainder of the contest on NBCSN.