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Post by leer2006 on Sept 6, 2009 20:24:02 GMT -5
If Jim Balsillie hopes to bring the Phoenix Coyotes to Hamilton, he is going to have to pay dearly for it. The Toronto Star is reporting that the NHL has set the price-tag for relocation between $101 million and $195 million in documents filed to an Arizona bankruptcy court that is currently considering bids by Balsillie's PSE Sports and Entertainment, Ice Edge and the NHL itself. Just one week ago, PSE filed a study of their own that concluded a relocation fee for the Coyotes would be between $11.2 million and $12.9 million. Documents filed by the NHL state: "the methodology used by PSE's expert, Dr. Andrew Zimbalist, in calculating a relocation fee range of $11.2 million to $12.9 million does not pass muster." The documents also add "the notion that a team in Hamilton would be worth only $11.2 million to $12.9 million more than a team in Phoenix is patently absurd." www.tsn.ca/nhl/story/?id=290189#YourCallTop
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Post by Ric O. on Sept 6, 2009 21:14:00 GMT -5
Yeah, we knew it would be a big number. I wouldn't be surprised if Balsillie agrees to it even if the judge goes with the upper end of the NHL's relocation fee.
But there's still the issue of Balsillie being unanimously rejected as an owner...
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Post by 22Neufeld28 on Sept 7, 2009 1:37:54 GMT -5
11 to 13 mill,that is funny for a team near Toronto,you cant even sign one player to a contract almost nowadays,thats chump change.
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Post by Dcmac on Sept 7, 2009 3:05:57 GMT -5
He forgot to mention a BANKRUPT Phoenix team, why should moving a dead franchise cost so much? I could see moving the Lightening or the Panthers costing that much but the Yotes? Not saying that the 12.9 is right i'm just saying 100 mil is too much.
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Post by WHA on Sept 7, 2009 9:24:38 GMT -5
The judge will eventually decide how much that fee was. Don't forget the is precedent in Winnipeg, Quebec, Hartford etc. Total cost will still likely be less than an expansion team.
Got love that the NHL is even now thinking relocation fee period!
Go Jimmy Go!!!
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Post by selanne405 on Sept 7, 2009 13:34:11 GMT -5
WOW Well you had to know the NHL was going to play dirty and put up an absurd price. Still Jim can afford that and I'm sure the judge is the one to decide that cost.
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Post by stannis on Sept 7, 2009 13:57:30 GMT -5
I hope you guys realize that cheering on and hoping "Jimmy" will be successful would be a devastating blow to Winnipeg's chances to get back in to the NHL anytime soon.
Unfortunately, this is a zero sum game right now. In order for Winnipeg to win, Hamilton has to lose.
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Post by Jordy Ramone on Sept 7, 2009 14:39:01 GMT -5
be a devastating blow to Winnipeg's chances to get back in to the NHL anytime soon. i dont think so. it will hurt our chances of getting that team but i think it could be a new beginning of move teams in canada where they belong. after hamilton is way more successful then the southern teams the nhl would have to start looking north of the boarder. the only way it could hurt would be if the nhl did a P.R. move to settle angry canadians and move a team in wpg. but i dont think the nhl would do that. bettman is a basterd
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Post by selanne405 on Sept 7, 2009 15:55:59 GMT -5
be a devastating blow to Winnipeg's chances to get back in to the NHL anytime soon. i dont think so. it will hurt our chances of getting that team but i think it could be a new beginning of move teams in canada where they belong. after hamilton is way more successful then the southern teams the nhl would have to start looking north of the boarder. the only way it could hurt would be if the nhl did a P.R. move to settle angry canadians and move a team in wpg. but i dont think the nhl would do that. bettman is a basterd Could not agree more, Hamilton being succesfull only makes us look better.
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Post by WHA on Sept 7, 2009 15:56:15 GMT -5
JB winning would be a huge win for us. When the NHLPA and the BOG see those sellouts every single night and only a hand ful of fans in the non hockey markets they will trip over them selves trying to put a team in Winnipeg. Don't forget revenue sharing plays a huge roll in the overall picture and none on those teams will ever contribute to revenue sharing when ticket prices are from free to $20.
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Post by WpgJets2008 on Sept 9, 2009 10:40:36 GMT -5
For all, especially those who support Jim Balsillie:
If "Jimmy" breaks down the NHL clubhouse door and gets his team, whereever it ends up, have you all considered two things:
a) Getting a team to come to Winnipeg is easier assuming the ownership group and a bankrupt team force a Coyote-like bankruptcy auction which once again by-passes league and 29 other owners' wishes, to port a team to Portage Avenue.
b) Be reducing the league's power (the Coyote case sets the precedent) to place teams in each city and have authority over who owns them, that a new Winnipeg team could be much easier to "poach" to another city later?
What comes around, goes around!
Divisional and conference realignment day in August may become something like the trading deadline, an annual event.
I'm not at all keen on my league having teams move at the whim of the current owner or new owner should it change hands.
If that was the case, the Pocklington-owned Oilers would be in Houston long before the EIG came along, the Winnipeg Jets would be in Hamilton (in 1985 via Michael Gobuty), Saskatoon would have gained the Blues and lost them again later, Marcel Aubut would have sold the Nords to two cities at once a la Eric Lindros trade to both the Rangers and Flyers, Ottawa would have surely moved out of Canada when they went bankrupt in the 1990's, Buffalo wouldn't be playing in New York state, Hamilton would have moved to Cambridge then to Toronto for even more local government handouts, etc. etc. Then that would mean Balsillie's campaign would have been "make it five", in Canada not seven!
So while his approach suits Balsillie's own personal agenda it actually destroys the league he is trying to enter. A bull trying to buy a china shop while running through it is about the best analogy I can find to describe what he is doing to the best hockey league in the world.
How will we EVER know the new Jets are secure in Manitoba if Balsillie gets this legal precedent for all owners for all pro sports within North America?
Chris
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Post by dannymcmanny on Sept 9, 2009 11:37:46 GMT -5
I think that if you are correct Chris that would be devastating for ROTJ, then each team that goes bankrupt will be up for a bidding war regardless of where is best for the league. In such a case more cities will put bids in, and Winnipeg will never be the highest bidder.
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Post by bromine on Sept 9, 2009 15:21:26 GMT -5
Agreed. The only way True North would purchase a team to move to Winnipeg is if the purchase price is nice and low. A bidding war with Jerry Bruckheimer (LV) or AEG (KC) would be a non-starter for True North.
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Post by Ric O. on Sept 9, 2009 17:51:14 GMT -5
For all, especially those who support Jim Balsillie: If "Jimmy" breaks down the NHL clubhouse door and gets his team, whereever it ends up, have you all considered two things: a) Getting a team to come to Winnipeg is easier assuming the ownership group and a bankrupt team force a Coyote-like bankruptcy auction which once again by-passes league and 29 other owners' wishes, to port a team to Portage Avenue.b) Be reducing the league's power (the Coyote case sets the precedent) to place teams in each city and have authority over who owns them, that a new Winnipeg team could be much easier to "poach" to another city later?What comes around, goes around! Divisional and conference realignment day in August may become something like the trading deadline, an annual event.I'm not at all keen on my league having teams move at the whim of the current owner or new owner should it change hands. If that was the case, the Pocklington-owned Oilers would be in Houston long before the EIG came along, the Winnipeg Jets would be in Hamilton (in 1985 via Michael Gobuty), Saskatoon would have gained the Blues and lost them again later, Marcel Aubut would have sold the Nords to two cities at once a la Eric Lindros trade to both the Rangers and Flyers, Ottawa would have surely moved out of Canada when they went bankrupt in the 1990's, Buffalo wouldn't be playing in New York state, Hamilton would have moved to Cambridge then to Toronto for even more local government handouts, etc. etc. Then that would mean Balsillie's campaign would have been "make it five", in Canada not seven! So while his approach suits Balsillie's own personal agenda it actually destroys the league he is trying to enter. A bull trying to buy a china shop while running through it is about the best analogy I can find to describe what he is doing to the best hockey league in the world.How will we EVER know the new Jets are secure in Manitoba if Balsillie gets this legal precedent for all owners for all pro sports within North America?Chris Yes, I agree as well. If Balsillie wins it only adds infinite instability to the league. When times are tough Winnipeg looks pretty good in the big scheme of things. When the US economy is booming, Canadian $ is low, giving Phoenix, etc. a second crack at it looks like a great idea and small markets go out of fashion as quick as you can say ESPN ratings.
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Post by leer2006 on Sept 9, 2009 21:53:09 GMT -5
Also remeber what a huge PR move it would be for the NHL to place a team in Winnipeg after it gets its way in court. Canadians will be ripping the NHL like they never have before due to feeling like they were slighted by not getting a team in Hamilton. The Jets coming back would be the cure all for Canada and would silence the make it seven crowd.
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