Kukla's Korner

NHL Trying To Find New Investors For Phoenix

Blog: KK Hockey By Paul

from Scott Burnside of ESPN,

The NHL hasn’t taken over control of the Phoenix Coyotes, but it is taking an active role in trying to find new investors or ownership for the financially strapped franchise and is being kept apprised of any “significant” financial decisions the team makes, ESPN.com has learned from team and league sources.

The league also is trying to help broker changes to the existing lease with the city of Glendale in the hopes of making the situation more attractive new investors or owners.

Coyotes owner Jerry Moyes is in dire financial straights, with his outside business interests—most notably Swift Transportation, a large trucking firm—having been hammered by high gasoline costs, followed by the dramatic downturn in the economy.

continued

added 11:08pm, from David Shoalts of the Globe and Mail,

It appears the league is now the only benefactor to which the Coyotes can turn.

Financial documents obtained by The Globe and Mail show the team has pledged the franchise and all its assets, including all forms of revenue (with the possible exception of arena-naming rights), as collateral for loans from New York company SOF Investments LP.

SOF Investments is a subsidiary of the MSD Capital hedge fund, which is controlled by computer tycoon Michael Dell.

more

Filed in: NHL Teams, d, | KK Hockey | Permalink
 

Bettman Opens Up A Bit

Blog: KK Hockey By Paul

via VancouverCanucks.com,

In a recent visit to Vancouver, Gary Bettman sat down with Kristin Reid to talk about the challenges and the perks of the job. He talks about the Olympics, his favourite teams, and best buildings in the League.

Filed in: NHL Teams, NHL Talk, | KK Hockey | Permalink
  Tags: gary+bettman

Kings Showed Interest In Khabibulin

Blog: KK Hockey By Paul

via Rich Hammond at Inside the Kings,

...the Kings were, until late last week, in the running for Chicago goalie Nikolai Khabibulin. No longer, it seems. Talks ended without a deal, but it had nothing to do with Khabibulin’s salary or any injury concerns. But that should answer the question about whether the Kings are willing to go after a veteran goalie this season.

Filed in: NHL Teams, Chicago Blackhawks, Los Angeles Kings, | KK Hockey | Permalink
  Tags: nikolai+khabibulin

‘Stock’ Gifts

Blog: KK Hockey By Paul

from P.J. Stock of Blogs and Columns at CBC,

Best of the season to everyone except those that rip me about my blog entries. I hope many of you get coal in your stockings and reindeer manure under the tree. For all the others, a WII, a new car, gum, whatever you’re looking for, I hope you get….

Deserving of a gift:

1. Boston Bruins

Why? Despite competing with three other teams in the city that are all champions (Celtics, Patriots, Red Sox) and an owner who has a bad reputation in the city as a frugal man, the Bruins are back.

They have a star youngster, who, one year after being scratched for games in the playoffs because he wasn’t competing enough, responded by being one of league’s top scorers. That’s Phil Kessel….

more gifts and coal being passed out too…

Filed in: NHL Teams, | KK Hockey | Permalink
 

Wings Need To Keep Their Head Down At Wrigley

Blog: KK Hockey By Paul

from Hey, Missy at the Chicago Tribune,

In particular, the Red Wings will have to navigate a particularly steep and narrow set of about 15 steps down from the tiny visitors clubhouse and make one of the longest walks in baseball to the dugout and then out to the rink. Three times. For the last portion before getting to the dugout, anyone over six feet (and with skates on, that pretty much applies to everyone), they also have to be careful not to bump their heads.

more

Filed in: NHL Teams, Chicago Blackhawks, Detroit Red Wings, | KK Hockey | Permalink
  Tags: winter+classic

Financial Woes In The KHL

Blog: KK Hockey By Paul

from Eric Duhatschek of the Globe and Mail,

As with all start-ups, it has not exactly been smooth sailing for the KHL in its inaugural season. On Saturday, the league’s board of directors met to ponder an idea that had been floated the week before – a 30 per-cent across-the-board contract rollback to cut costs for some of the most under-funded franchises.

Amid heavy opposition from the newly formed players’ association (run by Andrei Kovalenko, a former NHL, nicknamed The Tank in his playing days), the proposal was put on the shelf at least for the duration of this season. KHL president Alexander Medvedev decided, according to sources, that trying to force a rollback would cause more headaches than it would solve problems….

The KHL salary cap will almost certainly be reduced next season; and Medvedev – a major emerging force in the hockey world - went to great lengths to warn teams that were in arrears in paying player salaries that those agreements needed to be honored. He went so far as to say the government might even intervene if promises weren’t kept.

more

Filed in: Non-NHL Hockey, European Hockey, | KK Hockey | Permalink
  Tags: khl

Holiday Gifts

Blog: KK Hockey By Paul

It’s that time of the year again, so here are the presents people in the hockey world should see under the tree.

read on for the rest of the story at my NHL.com submission for the week.

Filed in: NHL Teams, NHL Talk, NHL Media, Hockey Bloggers, | KK Hockey | Permalink
 

Calder ‘Sleeper’ Pick

Blog: KK Hockey By Paul

from John Grigg of the Hockey News,

...But there’s one under-the-radar player who is fast making a name for himself around the NHL and coming up in Calder chatter (at least when I’m involved) – Boston defender Matt Hunwick.

The 23-year-old native of Warren, Mich., is an alumnus of the U.S. National Team Development Program and the University of Michigan. The 5-foot-11, 190-pounder started this year – his second pro season – with the American League’s Providence Bruins, but was called up after just two games. His first NHL game this season came on Oct. 15, but then he sat out until November. When Andrew Ference fractured his leg, Hunwick got a chance to be a regular and has only missed one game since.

After failing to register a point through his first five NHL games this season, Hunwick reeled off a six-game point streak in which he tallied three goals and eight points. He currently has three goals, 14 points (tying him for 10th among rookies with Anaheim’s Bobby Ryan) and is plus-13 in just 21 games.

more

Filed in: NHL Teams, Boston Bruins, | KK Hockey | Permalink
  Tags: matt+hunwick

Osgood’s Good To Go…Almost

Blog: Abel to Yzerman By IwoCPO

Update from Khan(!),

Osgood said his strained groin felt much better after today’s morning skate, so he will not need to go on the long-term injured reserve list.

“I should be ready to go after Christmas,’’ Osgood said. “Two more days (of rest), that’ll make it 10 days (since his last game), that’ll be perfect. It was just tight but I want it to be 100 percent so I know I won’t hurt it again for the rest of the year.’‘

He’ll back up Ty Conklin tonight against the Blues and Friday in Nashville and said he might be able to start Saturday in Colorado.

Filed in: | Abel to Yzerman | Permalink
 

Looking Ahead To 2009

Blog: KK Hockey By Paul

from Craig Custance of the Sporting News,

Five questions to answer in 2009

Will the Sharks finally break through in the playoffs?
No, we don’t expect the Sharks to keep winning at this pace and finish the season undefeated in regulation at home. But we also don’t anticipate the annual playoff collapse, either. There’s something different about this San Jose team, and the roster finally has players who know what it takes to advance beyond the first two rounds.

How quickly will Brian Burke tear things down in Toronto?
There’s no easy way to rebuild, but the worst thing a rebuilding franchise can be is average. It needs to get much worse in Toronto before it gets better—and that starts by dealing anyone who can return prospects and picks.

read on plus a look at 2008…

Filed in: NHL Teams, | KK Hockey | Permalink
 

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