Balsillie's Rejected, Coyotes To Stay in Pheonix

b vgContributor IJune 15, 2009

PITTSBURGH - OCTOBER 05:  Jim Balsillie Chairman and Co-CEO of Research In Motion and new owner of the Pittsburgh Penguins speaks in a press conference announcing the  purchase of the team after the first period at Mellon Arena on October 5, 2006 in Pittsburgh, Pennsylvania.  (Photo by Harry How/Getty Images)

Bankruptcy judge Redfield T. Baum has rejected the sale of the Phoenix Coyotes to Jim Balsillie and the transfer of the team to Canada.

This honestly is not a huge surprise to the hockey world, but it is an idiotic decision by the judge and the league. Basillie's $212.5 million offer would have been the best thing for this organization and its creditors.

Last month, Coyotes fans had a rally of about 200 people. When the Winnipeg Jets were going through the same situation, they had a rally with about 35,000 people. This shows the support of a Canadian city compared to an American city.

Personally, I am a huge hockey fan from Southern Ontario and was excited about the prospect of a team in Hamilton. Clearly that is not going to happen any time soon.

What Balsillie should do is take the idea of the Toronto Legacy group promoted by Andrew Lopez and bring an expansion team to Kitchener-Waterloo. However, he probably does not want to spend might be the problem there is that he doesn't want to spend, in what my estimate would be, close to half a billion dollars and start the team from scratch.

Something tells me this is not the last of Basillie.