Gary Bettman and other NHL executives have shot down expansion rumors already this summer, but he provided the Canadian Press with an interesting wrinkle on Wednesday: even if expansion was happening, a $1.4 billion haul in fees for four teams wouldn’t do the trick.
“The part of the story I found particularly difficult was the suggestion we would sell four franchises for $1.4 billion is way too low,” Bettman said. “It undervalues our franchises.”
Bettman was elaborating on his previous denial of an August 26 report from the Sports Business News’ Howard Bloom that the NHL would add four teams (Quebec, Seattle, Las Vegas and an additional Toronto team) by 2017 with that aforementioned $1.4 billion in expansion fees.
Naturally, such a claim won’t stop people from speculation. One can just imagine responses along the lines of “how much would it take for such an estimate to be proper value in the NHL’s eyes?”
Either way, it sounds like expansion speculation will remain just that, at least for now.
The Los Angeles Kings announced today that they have “reached an agreement with Mike Richards to resolve the grievance filed in relation to the termination of his NHL Standard Players Contract. The terms are agreeable to all parties.”
The club said that it will not be commenting further “on the terms” of the settlement.
The NHLPA released a similar statement.
It was reported earlier in the week that a settlement was close to being reached; however, it wasn’t clear what salary-cap penalties the Kings would incur.
We’re starting to find out some details now:
How the final numbers differ from what the Kings would have incurred if they’d bought Richards out will be interesting to see. And if there are differences, how will they be justified?
Aaron Ward, a 16-year NHL veteran that appeared in over 800 career games, has been arrested for “assault on a female,” per WNCN.
Ward was arrested on Friday in Cary, North Carolina and also charged with interfering with emergency communication, according to the report.
Currently working as an analyst for TSN, Ward spent five years of his career in Carolina, helping the ‘Canes capture the Stanley Cup in 2006.
Update: Per WRAL, Ward’s wife called 9-1-1 after the two had a confrontation around 1 p.m. ET. Police confirmed Ward was arrested at his home in Cary.
According to the warrant for his arrest, he took away his wife’s phone.
Because of the nature of his charges, Ward will spend a mandatory 48 hours in the Wake County jail. Anyone arrested on a domestic violence charge is held for 48 hours before bail is set.
And here’s a statement from TSN: