The NHL's Salary Cap Conundrum
03/11/2009
Sean has yet to fill out a bio.
Okay Sean, the article is up and running. I hope you like the American Civil War.
90 days ago
Hi Sean, I'll probably write an article on it. As soon as I read it, I laughed my head off. But Bettman still wants to take the warpath and not pass the peace pipe.
90 days ago
HI Sean, Thanks for reading and commenting on my article and for also leaving a post on my bulletin board. Things have certainly changed in the past week. Before the details of the two rival bids came out, I wouldn't have given Balsillie any chance. But those bids are so laughable because they offer no creditor support and demand so many concessions that I don't see how the judge can not give the team to Balsillie. But I imagine the NHL will have several tricks up its sleeve to make this drag on forever and prevent Balsillie from ever becoming an active owner.
106 days ago
Thanks for reading and responding to my article, Sean. I see that the NHL has approved Reinsdorf's bid and unanimously rejected Balsillie's and Moyes is now challenging Reinsdorf's bid because he and other unsecured creditors would get virtually nothing under it. It's some way to treat an ex-owner by the NHL that kept their franchise there until he lost $300 million. Balsillie's offer would at least give $100 million back. The real question is why when the NHL is treating an ex-owner this way would any investor want to join the league?
117 days ago
Thanks for responding again Sean and for clarifying me on Balsillie's status, and for becoming my fan. Sadly I think you may be an accurate soothsayer. The NHL will get an American owner for the Coyotes who will be allowed to move the team to Las Vegas, a market the NHL wants to get into. Unless Balsillie is good at ass-kissing, it's over for him and Hamilton.
154 days ago
Thanks for responding again, Sean, but Balsillie is not the owner yet. What you say makes the most sense, the NHL should accept Balsillie's offer for the sake of the creditors. But the NHL hates Balsillie for his tactics and wants to keep a team in Phoenix at all costs. The owner of the Chicago White Sox says he will make an offer at the end of the week. If the NHL finds that he covers most of the bases, the Coyotes are good as his.
154 days ago
Thanks for reading and commenting on my article, Sean and for filling me in on some of the technical aspects of the judge's ruling. But that ruling is just an excuse for the NHL to keep Balsillie from acquiring the Coyotes. The real problem now is that Balsillie has gone too far in antagonizing the league by trying to show them up to ever be considered for membership in the NHL. Hamilton may get a franchise, perhaps even the Coyotes, but not with Balsillie as the owner. The only way he get the Coyotes now is if no other buyer appears who will bail them out. Then the NHL will be left with the choices of operating the team itself and risk losing lots of money or caving in to Balsillie. But too many NHL owners hate him now so that will be the last option they'll consider.
158 days ago
This was a tough one for me to write... but it had to be done.
http://bleacherreport.com/articles/173830-i-admit-it-i-have-cheated-bleacher-report-humor
196 days ago
Thanks for reading and commenting on my article, Sean. Actually this might come about this time. The real problem is that Balsillie has tried to get into NHL owner ranks by not using the "traditional polite ways". But Gary Bettman may be forced into a corner because if he cannot find another owner who will keep the Coyotes in Phoenix, it's Balsillie, or the league take over the team to keep it going, or contraction.
197 days ago
hey Sean!
how are u?
thanks for the add, and for the pick. it is really appreciated.
so what do u think of this whole thing going on with our habs?! :)
take care,
miah ;)
258 days ago
Sean! How's it going?
Big All-Star Game eh? Good for the Habs players in it.
Looking forward to your Habs coverage as the playoffs are almost on the horizon.
301 days ago
Hi Sean!
Welcome on B/r, glad to have u on board!
I am Miah. the CL of the Habs, along with Matt Eichel.
if u need anything, feel free to drop us a line.
go habs!
Miah ;)
340 days ago
Welcome to Bleacher Report Sean :) I enjoyed your first article.
Keep up the good work :)
Daniel
341 days ago
Sean does not have any awards.
You must register in order for that functionality to work!
i.e. San Francisco Giants, SEC Football, NFL, Golf
Steve Thompson said...
DeleteHi Sean, There's been a new twist in the NHL's offer because it gives them the option of moving the team. This from a league has fought to the death to a keep the team in Phoenix. By inserting this clause in their bid, it shows that there is only one constant that the NHL is committed to: The anti-Canadian stance that has been around since the first expansion in 1967 and has consistently continued to the present. The only thing that matters is to preserve Canadian territorial monopoly and tv money at all costs. The cause of the NHL is NOT "Make Hockey Work In Phoenix", but "Keep New Teams Out Of Canada To Preserve A Monopoly".
The NHL says that when they take over the team and if they can't make any money in Phoenix (a sure thing, they've already publicly demanded that Glendale renegotiate the arena lease), they'll accept bids from buyers who want to move the team. You can probably guess how they'll treat bids from Canada.
89 days ago