Dallas Stars on the brink of being sold… Or are they?

Thumbnail image for Hicks2.jpgThe Hockey News’ Ken Campbell put a charge into things around the hockey world today saying that the Dallas Stars were on the verge of being sold to Canadian oilman Bill Gallacher for $225 million. Not only would the sale involve Gallacher but also a host of other wealthy guys, including one man who’s already kind of a big deal in Dallas.

THN.com has learned Calgary oilman Bill Gallacher, who also owns the Portland Winterhawks of the Western League, heads up a group of investors that has reached an agreement in principle to buy the Dallas Stars for about $225 million. The deal has yet to be signed and either side could back out of it, but it appears the deal will get done soon.

One possible scenario has Dallas Mavericks owner Mark Cuban jumping back into the fray. Cuban was reportedly turned off by the $350 million price being asked by Hicks, but might be enticed by a much lower price. Owning the Stars would effectively give Cuban 100 percent of the revenues generated at the American Airlines Center, one of the busiest venues in North America. Currently co-tenants in the arena, the Mavericks and Stars split arena revenues 50-50, including non-sports events such as concerts.

I don’t know about you, but if Mark Cuban were to get involved at NHL Board of Governors meetings or start showing up to Stars games in full gear while yelling at the referees I’d watch every single Stars home game just waiting to see Cuban lose his mind over everything. Nevermind that Cuban was shot down by the NHL Board of Governors years ago when he tried to get involved in buying the Pittsburgh Penguins, jumping in as a minority buyer would surely pass muster…

That is if this report were totally locked in as being accurate. Take it away Five For Fighting.

I talked to two NHL sources and they say that The Hockey News report that Bill Gallacher has agreed to buy the Stars for $225 million is not accurate.
They say the sale process is ongoing and that Gallacher is a candidate to buy the team, but that they have not gotten as far in the process of agreeing to a price with any buyer. One said the reported price was too low.

More than $225 million for an NHL team? That’s the kind of mad money that only Jim Balsillie would throw around. Of course, if eager-to-sell-and-hide Stars owner Tom Hicks is insistent that he get $350 million for the Stars, he might be waiting around for a long, long time. At some point, if you’re eager to sell, you just have to cut your losses and get out but Hicks is a better businessman than I am for probably a few reasons. Then again, I also don’t own the Texas Rangers and Liverpool Football Club either so what do I know?

For Stars fans, if this initial report from Ken Campbell happens to be not true, the hockey fans in Dallas are going to go ballistic because while grown up men are fighting over hundreds of millions of dollars, the team is in a funky brand of limbo. They’ve got some players they’d like to move for salary reasons (Mike Ribeiro) and at least one restricted free agent they’d like to get locked down under contract (James Neal).

Meanwhile, general manager Joe Nieuwendyk can’t really do anything overly drastic without knowing what he can do financially to appease ownership. Obviously, the sooner things get taken care of it’ll be better for the team but until then, the waiting continues.

Update:

Mike Heika of the Dallas Morning News adds this soul-crushing update to the Mark Cuban possibilities.

By the way, Mark Cuban’s e-mail response when I asked if he was indeed interested was: “not me, no idea who.”

Well that stinks.

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    LA Kings put goaltender Cal Petersen on waivers

    Perry Nelson-USA TODAY Sports
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    LOS ANGELES — The Los Angeles Kings put goaltender Cal Petersen on waivers, a surprising move for a player once considered the successor in net to two-time Stanley Cup winner Jonathan Quick.

    Petersen, 28, went on waivers the day after allowing four goals on 16 shots in relief of Quick during a 9-8 overtime loss to the Seattle Kraken. Quick was pulled after giving up five goals on 14 shots.

    Only one NHL goalie has a save percentage lower than Petersen’s .868 this season, Elvis Merzlikins of the Columbus Blue Jackets with .864. Petersen is 5-3-2 in 10 games with a 3.75 goals-against average in his third full season with the Kings and fifth overall.

    L.A. signed Petersen to a three-year, $15 million contract in September 2021, and he figured to take the starting job from Quick, who turns 37 in January and is set to be a free agent after the season. Petersen has two years left on that deal after this one at an annual salary cap hit of $5 million.

    Penguins’ Kris Letang out indefinitely after 2nd stroke

    Kris Letang Penguins
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    PITTSBURGH — Kris Letang plays hockey with a grace and inexhaustible fluidity seemingly impervious to the rigors of spending nearly half his life in the NHL.

    For the second time in less than a decade, however, a major health scare has brought Letang’s career to a halt.

    The 35-year-old Letang is out indefinitely after suffering a stroke for a second time. Letang reported feeling ill and was taken to the hospital, where tests confirmed the stroke.

    While general manager Ron Hextall said Wednesday this stroke doesn’t appear to be as serious as the one Letang sustained in 2014, the Penguins will have to find a way forward at least in the short term without one of their franchise pillars.

    “I am fortunate to know my body well enough to recognize when something isn’t right,” Letang said in a release. “While it is difficult to navigate this issue publicly, I am hopeful it can raise awareness. … I am optimistic that I will be back on the ice soon.”

    The three-time Stanley Cup champion missed more than two months in 2014 after a stroke, which doctors determined was caused by a small hole in the wall of his heart. He spent Monday feeling off and told team trainers he was dealing with what Hextall described as a migraine headache.

    Penguins team physician Dr. Dhamesh Vyas recommended Letang go to the hospital, where tests confirmed the stroke.

    “He didn’t know (he had a stroke),” Hextall said. “He just knew something wasn’t right.”

    Letang is continuing to undergo tests but felt well enough on Tuesday to be at the arena for Pittsburgh’s 3-2 overtime loss to Carolina. He spent the second period chatting with Hextall then addressed his teammates in the locker room afterward in an effort to help allay their concerns.

    “I think it was important for Kris to be there because his teammates got to see him in good spirits and that he’s doing well,” Penguins coach Mike Sullivan said.

    Sullivan added initial test results on Letang have been “very encouraging.” Letang will continue to undergo testing throughout the week, though he felt good enough in the aftermath to ask Sullivan and Hextall if he could skate, an activity that is off the table for now.

    Hextall said he “couldn’t even guess” how long the Penguins may be without the married father of two, adding hockey is low on the team’s list of concerns about a player who, along with Sidney Crosby and Evgeni Malkin, has helped the franchise to three Stanley Cups during his 17-year career.

    “First and foremost this is about the person and I told Tanger about that last night,” Hextall said. “This is Kris Letang, the father and family guy, the Pittsburgh Penguins, that’s second.”

    Letang, a six-time All-Star, has been one of the most durable players in the NHL. His 662 career points (145 goals, 517 assists) are a franchise record for a defenseman. He’s averaged well over 24 minutes of playing time over the course of his career, a number that’s ticked above 25 minutes per game seven times in eight-plus seasons since he returned from the initial stroke.

    The Penguins felt so confident in Letang’s durability that they signed him to a six-year contract over the summer rather than let him test free agency for the first time.

    “The level of hockey he’s played for as long as he’s played is absolutely incredible,” Hextall said. “The level he’s continued to play at at his age, the type of shape he’s in … he’s a warrior.”

    Letang has one goal and 11 assists in 21 games so far this season for Pittsburgh, which hosts Vegas on Thursday night. The Penguins are pretty deep along the blue line, but Sullivan knows he can’t try to replace Letang with any one player.

    “It’s not anything we haven’t been faced with in the past and the reality is we have what we have, and we’ll figure it out,” Sullivan said, adding “it’ll be by committee, as it usually is when you replace a player of that stature.”

    Ovechkin tops Gretzky for most road goals, Capitals beat Canucks

    Bob Frid-USA TODAY Sports
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    VANCOUVER, British Columbia – Alex Ovechkin scored twice, passing Wayne Gretzky for the most road goals in NHL history, and the Washington Capitals beat the Vancouver Canucks 5-1 on Tuesday night.

    Ovechkin has scored 403 of his 793 career goals away from home. Gretzky holds the overall record with 894.

    “It’s always nice when you beat the Great One,” Ovechkin said. “It doesn’t matter what kind of milestone it is. It’s history.”

    Anthony Mantha added a goal and an assist for the Capitals (10-11-3). John Carlson and Martin Fehervary also scored, and Darcy Kuemper stopped 31 shots.

    Nils Hoglander scored for the Canucks (9-11-3), who had won three in a row. Spencer Martin made 23 saves.

    “Spencer’s been great for us. He’s probably a bit like the other players tonight. They weren’t ready to play and it showed on the scoreboard,” Vancouver coach Bruce Boudreau said.

    The 37-year-old Ovechkin nearly netted a hat trick when Vancouver pulled Martin for an extra skater with just over six minutes left, but his rocket of a shot skimmed the outside of the post.

    “I think he has 13 goals this year and I want to say like eight or nine have been like a new record. So it’s been cool,” Washington center Dylan Strome said. “Any time you pass Wayne Gretzky in anything, it deserves a standing ovation, which he got.”

    Fehervary was the one who sealed it, flipping the puck high into the Canucks zone and into the empty net at 15:57 of the third period.

    Ovechkin topped Gretzky 11:52 into the first, firing a one-timer from the left circle past Martin to give the Capitals a 2-0 lead with his 13th goal of the season.

    “On his second goal, it looks like, `Oh, maybe (Martin) should have had it.’ But I’ve seen (Ovechkin) score 100 goals like that,” said Boudreau, who coached the Capitals from 2007-11. “He’s got a shot that finds its way in.”

    The star forward from Russia got his first of the night 5:35 in, taking the puck off the stick of Vancouver defenseman Quinn Hughes near the net and batting in a quick shot.

    “It could have been 6-1 after the first period, quite frankly, with the amount of chances (Washington) had,” Boudreau said.

    It was Ovechkin’s 135th game-opening goal, tying Jaromir Jagr for the most in NHL history.

    “(Ovechkin) was really good in the first and I thought we were really good in the first so it was nice to get out and get a jump like that,” Capitals coach Peter Laviolette said. “He certainly led. We knew we needed to have a good first period, have a good game, and you need your best players to do that.”

    Carlson scored the lone goal of the second, chipping in a loose puck from the low hash marks at 18:47 to give Washington a 4-1 cushion.

    “It’s frustrating. Because when you lose games, it should never be about your compete level and battle level,” Canucks center J.T. Miller said. “It’s frustrating because they didn’t out-skill us today, they didn’t out-system us. They literally just outbattled us and created their own chances.”

    NOTES: Washington’s Lars Eller got his 200th career assist. … Miller had an assist, extending his point streak to nine games (four goals, seven assists). … The Capitals swept the two-game season series. … Vancouver assigned winger Vasily Podkolzin and defenseman Jack Rathbone to the Abbotsford Canucks on Monday, then recalled forward Phillip Di Giuseppe from the American Hockey League club on Tuesday.

    UP NEXT

    Washington: At Seattle on Thursday in the second of a five-game trip.

    Vancouver: Host Florida on Thursday in the second of a four-game homestand.

    Deal for Coyotes’ proposed arena approved by Tempe council

    David Kirouac-USA TODAY Sports
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    TEMPE, Ariz. — The Tempe City Council has unanimously approved a proposal for a new Arizona Coyotes arena and entertainment district, clearing the way for a public vote on the project next year.

    The City Council approved the proposal 7-0 after a lengthy meeting that included NHL Commissioner Gary Bettman.

    The $2.1 billion project would include a 16,000-seat arena, practice rink, 1,600 apartments, two hotels and a theater. Approval of the project was the final step before it goes to referendum on May 16.

    The team is currently playing at Arizona State’s 5,000-seat Mullett Arena, by far the NHL’s smallest arena.

    The Coyotes have been searching for a permanent home since the city of Glendale pulled out of a multimillion-dollar lease at Gila River Arena. Arizona had been playing on an annual lease until Glendale said it would not be renewed for the 2022-23 season.