Jim Balsillie, Gary Bettman and the Future of the Phoenix Coyotes
The Phoenix Coyotes are in trouble. The bankruptcy filing that was filed yesterday in bankruptcy court shows that much. Former owner, now that the NHL has seized control of the team from him, Jerry Moyes has lost about $100 million dollars in this team since it was moved to Phoenix. There is a white knight though, in Research in Motion co-CEO Jim Balisilie, who has pleged to buy the Coyotes for $212.5 million. The deal is contingent on him being able to move the team to an unserved market in Southern Ontario.
Haven't we seen this all before though. Balsillie has tried to do this twice now, first with the Pittsburgh Penguins and then again with the Nashville Predators. Both times, the league has stepped in and said that the league will control whether the team will move and where the team will move to. This has angered Balsillie to no end, he withdrew his bid for the Penguins and wasn't given the bid by the Predators.
Balsillie has started to make his public plea for support. He started a website yesterday, makeitseven.ca, and has generally a large backing of disenfranchised Canadians that feel that the game should have never of expanded below the Mason-Dixon line. He also would have the unofficial support of the Paul Kelly and the Players Union who would like to see another team in Canada.
Here's where it gets messy. This sale is contingent on the movement of the team to Southern Ontario. Where in Southern Ontario is really unknown. Balsillie has always wanted to move a team to Hamilton and Hamilton would be the readiest location for next season. The obvious problem with Hamilton would be the competition against the Maple Leafs, there is a reason why I left out the Sabres. For the Coyotes to move Hamilton, they would have to pay the Maple Leafs territorial rights and possibly the Sabres as well. The Sabres could be left out in the rights fees due to the fact that Hamilton is outside of the 80 km zone that is considered for the rights fees.
If the bankruptcy court feels that they cannot force the team to move in Southern Ontario, the deal will fall through and the next best deal, most likely a deal that Bettman was working on with Bulls owner Jerry Reinsdorf, would be in play. The league is going to try and fight the legality of the team being able to file for bankruptcy because of the fact they claim they were the managers of the team at the time. The back room dealings of this deal is very, very shady and will become very ugly between Bettman and Balsillie before it gets resolved. I feel that if Bettman loses this deal, he will most likely lose his spot as commissioner.
The main question for us is how will a team in Southern Ontario will affect the Sabres. According to management, approximately 20% of Sabres fans come from Southern Ontario. Honestly, I highly doubt that figure but without any other sort of proof I have to believe it. The Sabres will be fine though. The Hamilton market is full of hockey fans to begin with and if any of them were Sabres fans, I would hope that it would take more than the new team in town to sway most of them. Most of the fans that come from Southern Ontario though have to be Leaf fans and most of them would still bleed blue and white.
All in all, this whole process is going to take at least the month of May. If I am not mistaken, this has to be cleared up by June 30th for the start of next season. At least it makes the offseason that much more interesting.
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KC and the Sunshine band...
What about Kansas City? I think they wanted to be in the running for Nashville last year right? Or is KC just keeping their eye on the Islanders since I think there playing a Pre-season game there Next year.
Chicago Blackhawks and Buffalo Sabres fan since 1991
by Funks on May 7, 2009 12:16 AM EDT reply actions 0 recs
Wang is definitely using KC as a club to beat in the heads of the Long Island politicians not getting behind his Lighthouse proposal. The people who want a club to move to KC is AEG, owner of the Kings and numerous hockey facilities including the one in KC and their puppet Bettman. I can think of a lot of other hockey markets to move a team to first.
Liiiiiike Southern Ontario! Seems a perfect fit and I agree with Cool, it really won’t effect the Sabres bottom line that much. If this happens, I am really looking forward to the rivalry between the Hamilton team and Buffalo. Since Toronto already has the Habs as chief rivals and we are getting our butts handed to us by the Sens, this could be a really good border war for years to come.
The population of Pominville keeps rising!
by Blackcapricorn on May 7, 2009 10:59 AM EDT up reply actions 0 recs
This deal wouldn’t work for KC because of it being contingent on it moving to Southern Ontario.
KC has a hockey market might work, it didn’t the first time, but you never know what’s going to happen the second time around. Wang just needs a new arena for the Islanders to stay viable and Hempstead is giving him the run around.
Die By The Blade - An SB nation destination for Sabres fans everywhere
by Zachary Zielonka on May 7, 2009 12:22 PM EDT up reply actions 0 recs
Very interesting to see what kind of fan base develops for a Hamilton team. Certainly the Bulldogs of the AHL have a certain following, but much like the Amerks in Rochester, their loyalties probably lie with the Leafs on the NHL level. A similar situation happened in the NFL with the Baltimore Ravens. An area full of Redskins and Eagles fans, people slowly converted to the Ravens. However, there was also a large contingent of fans in the Chesapeake region who were once fans of the Baltimore Colts and never re-alligned to another team. This doesn’t really exist in Hamilton.
There are definitely hockey fans in the Hamilton region, but it will be interesting to see how quickly a strong Hamilton fan base develops. Certainly if the Leafs don’t pick things up soon that would affect some fans decision…
by willgarr15 on May 7, 2009 1:01 PM EDT reply actions 0 recs
Considering Balsille pre-sold out season tickets to a Hamilton team last time, I bet a fan base develops uber quick.
The population of Pominville keeps rising!
by Blackcapricorn on May 7, 2009 2:41 PM EDT up reply actions 0 recs
Touche salesman
I just think at first they’ll be hockey-starved Leafs fans looking for an NHL fix…
by willgarr15 on May 7, 2009 2:59 PM EDT up reply actions 0 recs
Sabres fans in Hamilton
They’re here, and plenty of ‘em, trust me. I’m a Leafs fan living in Hamilton, and lots of guys I know have Sabres season’s tickets because it’s not a long drive to get to Buffalo from the Hammer, the prices are cheap and the team has been generally entertaining. Understand that these are not necessarily “Sabres” fans, they’re hockey fans – their allegiance really lies elsewhere (Toronto, Montreal, even Detroit) – but good seats can be had for NHL hockey in Buffalo at reasonable prices, so they go to the games.
Don’t kid yourself. If – and it’s a mighty big if, ‘cause I think Bettman’s going to win this one too – there were a team in Hamilton, the Sabres would feel the pinch on their bottom line because the people on this side of the border throughout Southern Ontario and in the Niagara Region would be spending their dollars here at Copps Coliseum. Believe it.
jrwendelman
The Artist Formerly Known as "Junior", who blogs at heroesinrehab.ca/blog
"But if someone so eager to engage into fist talk, we can always meet after season end in Minsk." (Mikhail Grabovski and a well-meaning but not particularly skillful translator)
by jrwendelman on May 8, 2009 12:59 PM EDT reply actions 0 recs
jrwendelman...
…is right on. As much as I love this area, the economy here sticks. We need all the help we can get.
Chicago Blackhawks and Buffalo Sabres fan since 1991
by Funks on May 8, 2009 7:39 PM EDT up reply actions 0 recs

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