Tuesday afternoon was the deadline for prospective buyers to submit their “indication of interest” for the NFL’s Buffalo Bills and, according to the Buffalo News, Sabres owner Terry Pegula officially threw his hat into the ring.
Pegula, who made his fortune in the natural gas industry, purchased the Sabres in February 2011 and was immediately lauded for his spend-happy ways. Buffalo made huge splashes in his first free agent period as owner, inking Christian Ehrhoff and Ville Leino for a combined $67 million (Pegula would later sign off on compliance buyouts for both players.)
The 63-year-old’s foray into the sporting world wasn’t limited to just the NHL, however. A Penn State alumnus, Pegula donated $100 million to construct an on-campus facility — the Pegula Ice Arena — which opened in 2013 and currently houses the Nittany Lions’ hockey team.
As for Pegula’s interest in the Bills, here’s how the remainder of the process will play out, per USA Today:
The Bills’ trust will analyze the field and select a certain number of those initial bids. Those groups, or bidders, will then be able to gain access to more information about the team and move forward in the process.
Sports business expert and analyst Marc Ganis of the Chicago-based firm, Sportscorp, says this is a process which allows for the Bills to gain more access to the bidders’ financials as well. He says at the end of the day, the Trust will make their decision based on who is the “best top bid”.
“You will typically whittle the groups down to those that you think are the most serious, have the greatest ability and are going to pay the highest the highest price. And that last is really important.”
The Bills fanchise is for sale following the death in March of owner Ralph Wilson. It’s believed real estate mogul Donald Trump and musician Jon Bon Jovi have spearheaded groups that also put forth bids.
Are the Philadelphia Flyers aiming for some sort of record when it comes to expensive (potential) healthy scratches?
While lineups are obviously subject to change, CSNPhilly.com notes that Vincent Lecavalier appears to be among a rather rich group of Flyers who are expected to sit during their season-opener.
Also likely to be in street clothes: Sam Gagner and Luke Schenn.
That’s $11.3 million in cap space rotting on the bench, and that’s only counting what the Flyers are paying Gagner.
“I really don’t know what to say,” Lecavalier said. “I’ll practice hard and be ready when they call me up.”
The CSNPhilly.com quotes from Lecavalier, Gagner and Schenn only get sadder from there, which reminds you that these guys are more than just numbers – whether those numbers be disappointing stats or bloated salaries.
Flyers fans with the urge to reach for an Alka-Setzler can at least take some comfort in knowing that the team will see $6.8 million in savings after this season, as both Gagner and Schenn are on expiring deals.
It could be a long season, though, and this Lecavalier headache may only become more painful.
One of the NHL’s most notorious hitters has been tagged by the league.
On Monday, the Department of Player Safety announced that San Jose forward Raffi Torres has been suspended 41 games — half of the regular season — for an illegal check to the head of Anaheim’s Jakob Silfverberg.
The length of Torres’ suspension is a combination of the Silfverberg hit and Torres’ history of delivering hits to the heads of opposing players, including Jordan Eberle, Jarret Stoll, Nate Prosser and Marian Hossa.
“Torres has repeatedly violated league playing rules,” the Department of Player Safety explained. “And has been sanctioned multiple times for similar infractions.”
The league also noted that Torres has been warned, fined, or suspended on nine occasions over the course of his career, “the majority of which have involved a hit to an opponent’s head.”
“Same player every year,” Ducks forward Ryan Kesler said following the hit on Silfverberg. “I played with the guy [in Vancouver]. He needs to learn how to hit. That has no part in our game anymore.”
As for what lies ahead, things could get interesting upon potential appeal:
Torres successfully appealed a suspension under the previous CBA, getting his punishment for the Hossa hit reduced from 25 to 21 games.
Under terms of the new CBA, Torres isn’t categorized as a repeat offender because his last suspension came in May of 2013 — more than two years ago.
Of course, part of the reason Torres hasn’t run afoul of the league in two years is because he’s barely played.
Knee injuries limited Torres to just 12 games in ’13-14, and he sat out last season entirely.