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Category: NHL-Talk

How Does $1B+ Sound For An Expansion Team In Toronto?

from Rick Westhead of TSN,

The National Hockey League would likely command a record expansion fee worth as much as $1.2 billion for a second franchise in Toronto, sources tell TSN - a sum that would eclipse the previous North American sports record of $700 million that the Houston Texans paid to join the National Football League back in 1999.

While NHL commissioner Gary Bettman has insisted the league in not currently considering expansion or relocation, several senior NHL team sources said expansion - along with the league's strategy to grow international revenue - would be key topics during the NHL board of governors meetings on Sept. 30 in New York.

Five investment bankers who advise NHL team owners on the sales of franchises said it would only be a matter of time before the league entertains offers for another team in Toronto.

continued

Filed in: NHL Talk, | KK Hockey | Permalink
 

Relocate Instead Of Expansion?

from James A. Conley of Shnarped,

Relocation isn’t the big money-maker expansion is, but it’s not without benefit. The Winnipeg Jets paid an expansion fee of $60 million to make their exodus from Atlanta. Another relocation won’t fetch the nine-figure number that an expansion team would, but it’s nothing to sneeze at, in any case.

There are other concerns with expansion, of course. Diluted talent. An expansion draft. There are legitimate risks to the on-ice product in an expansion scenario.

Relocation would bring no such risk to the game itself.

Adding two fantastically successful franchises to the NHL mix is a dream scenario, and could serve to further bolster the league’s bottom line at a time when their finances have never been so good.

But there is so little guarantee of success, especially in the short term, that relocation could prove to be the better bet.

more

Filed in: NHL Talk, | KK Hockey | Permalink
  Tags: shnarped

Afternoon Line

The legal case for the loss of my NHL career is over. I have accepted a settlement agreement which has now been finalized and signed by all the parties.

This day comes with mixed emotions. I am extremely thankful for the compassion and encouragement of so many people over the past decade. These years have been very difficult for me and my family. The injuries I sustained in my rookie year, the years I spent trying to return to my NHL career, and dealing with the loss of my career and the ensuing legal case, have been long and trying experiences. While nothing replaces the loss of one’s dream, I am happy my family will no longer be burdened by an unresolved legal case, and I am grateful to be able to move forward.

I thank the fans and the public who have supported me so passionately and tirelessly, not just across Canada, and the U.S., but around the world – your support has meant more than you can imagine. I thank the people who supported me in this legal case; your courage, and integrity are an inspiration. I thank former Chief Justice of Ontario Warren Winkler for helping with this settlement. Finally, I thank my friends, and especially my family, for your unwavering love and devotion which kept me going over these last ten years.

I look forward to continuing to bring more attention and resources to the prevention and treatment of concussions and other head and neck injuries in sport, through The Steve Moore Foundation.

While my own hockey career was cut short, my love for the game has never diminished.

Thank you.

-Steve Moore

Filed in: NHL Teams, Colorado Avalanche, Vancouver Canucks, NHL Talk, | KK Hockey | Permalink
  Tags: steve+moore

Gary Bettman On Expansion

via the CP at the Globe and Mail,

Commissioner Gary Bettman said Wednesday a report the NHL will expand by four teams was a “complete fabrication,” and the league isn’t looking to add any new franchises.

“The part of the story I found particularly difficult was suggestion we would sell four franchises for $1.4-billion is way too low,” Bettman said. “It undervalues our franchises.”

Sports Business News reported via Twitter last week the NHL will expand into Las Vegas, Seattle, and Quebec City while adding a second franchise in Toronto by 2017.

Bettman said there’s plenty of interest from people wanting NHL expansion teams but added the league hasn’t researched the issue.

Filed in: NHL Talk, | KK Hockey | Permalink
 

A Very Slow Day

Not much happening today in the hockey world and I refuse to post just to attract readers for something they probably don't have an interest in.

So with that, if I see anything throughout the day I feel you would be interested in, I will post.

If not, enjoy the holiday and news will start to pick up very soon.

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

The Time Stan Mikita Was Hit By A ‘Truck’

Earlier in the season, Gordie Howe was the recipient of a high stick from Stan Mikita...

from Tom DeLisle at DetroitAthletic.com,

... Howe and Mikita finally pulled apart as they slowly made their way to the Wings blue line, badly trailing the play — which was now zooming around the Chicago net. All eyes were on the puck flying around at the other end … including Howe’s, and Mikita’s, the fans’, and — Gordie noted –the referee’s. Number Nine, who had waited patiently for months, seized his opportunity. Slowly putting one glove under his opposite arm, and carefully withdrawing his hand … he cocked his bulging fist, pulling it back about six inches … then proceeded to land a lightning bolt –a quick but exceedingly powerful punch to the prominent and scrawny Adam’s Apple of Mr. Mikita, who was skating at his side.

Down went Stanley.

When play was finally whistled dead in the Chicago end, all eyes returned back up ice to behold the Blackhawk’s young #21 trying — of all strange things — to crawl on his hands and knees towards the Chicago bench. He was having a bad time getting there. In fact, he was barely progressing at all. Crawling? There’s no crawling in hockey. Further in the distance, the nonchalant #9 of the Red Wings was casually heading to the Red Wings bench when he too looked back, and saw poor Stanley in his predicament. Howe joined officials and Mikita’s teammates, skating over to investigate his collapse.

Mikita seemed in shock. Trying to rise, and falling again … he was unable to tell his teammates what had happened to him. He had been skating easily along, and the lights just went out. His legs were wobbly, and his voice didn’t work. The players slowly slid him, bent over, towards the Chicago bench. Ever the good Samaritan, old Gord offered what little consolation he could muster.

“Hey Stan,” Howe said to the bedazzled Blackhawk, who peered back at him with mismatched eyes … “did you get the number of that truck that hit you?”

more

Filed in: NHL Teams, Chicago Blackhawks, Detroit Red Wings, NHL Talk, Old School, | KK Hockey | Permalink
  Tags: gordie+howe, stan+mikita

A Few Hockey Notes In Late August

from Steve Simmons of the Toronto Sun,

- A few things that make no sense regarding the NHL expansion story that got all kinds of play this week: 1. Seattle has a willing owner, a promise from the NHL, but no building to play in and no real fan base; 2. Las Vegas has a building to play in but no owner. 3. The NHL would be foolish to lump Toronto in with other expansion bids. A Toronto expansion team could sell for almost twice the price of teams in Seattle or Vegas. 4. Quebec is the most NHL-ready market, with owner and building. The NHL needs as a fallback position for a franchise in need of a move such as Florida or Arizona. 5. Having 34 NHL teams doesn’t make sense, 32 does.

- Eleven years ago Friday, Richard Peddie made a decision that set the Maple Leafs back more than a decade. He hired John Ferguson Jr., as general manager to replace Pat Quinn. The Leafs are still in recovery mode.

a few more hockey items...

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

Afternoon Line

The only thing left to determine is the timetable. With the NHL’s 100th anniversary coming up in 2017, privately, just about everybody in a senior position with an NHL team believes it’ll happen by then.

-Eric Duhatschek of the Globe and Mail on NHL expansion.  Read more on this topic...

Filed in: NHL Talk, | KK Hockey | Permalink
 

Another ‘Vegas Done Deal’ Report

from Sean Gentile of The Sporting News,

... we now have two sourced reports that an eventual Las Vegas team (Let's go Craps!) is "a done deal." The first came from the Vancouver Province's Tony Gallagher earlier this week. That's why we're talking about this at all.

The second came from Dan Patrick on Thursday morning. Patrick, who does TV work for NBC and hosts a national radio show, cited "a financial person who is in involved" with the process and told him there'd be a team in Vegas in 2016: "The paperwork's already done. It is, as has been reported, a done deal."

Patrick raised the question over whether the still-theoretical team would be an expansion franchise or a relocated one. He mentioned the Arizona Coyotes, which is par for the course, but the team's new ownership group has said, constantly, that they're committed to the market long-term, five-year out clause notwithstanding. Several recent long-term sponsorship deals back that up.

The other team Patrick mentioned, per his source: the Carolina Hurricanes. Owner Peter Karmanos is looking to sell for an "exorbitant amount,' according to Patrick, so he said the end result could be a Vegas move.

more

Filed in: NHL Talk, | KK Hockey | Permalink
 

If Vegas Does Get An NHL Team, What About Gambling?

from Matt Youmans of the Las Vegas Review-Journal,

It’s a developing story, not a done deal. In May, MGM Resorts broke ground on a $375 million, 20,000-seat arena on the Strip that is set to open in 2016, and it figures to someday be home to an NBA or NHL franchise. A hockey team is now the favorite in the race to be first.

The issue of legalized sports wagering will be a hot topic for debate, though in reality it should not be an issue at all.

There is no way to justify a betting ban on Las Vegas’ NHL team when UNLV football and basketball games are offered in the books. Bettman might not make the request, but if he does, there should be a unified effort to refuse a sports book blackout of the local team.

“We don’t know what their intentions are, and they might not want that,” LVH sports book director Jay Kornegay said of the NHL. “I can’t speak for the industry, but I think it would be hypocrisy if we took our home team off the board. I just think we’re sending the wrong message if we were to take games off the board.

read on

Filed in: NHL Talk, | KK Hockey | Permalink
 

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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