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Category: Arizona-Coyotes

Report- Arizona Coyotes Owner Wants To Sell 49% Of The Team

from Mike Ozanian of Forbes,

Andrew Barroway, the owner of the Arizona Coyotes, is looking to sell 49% of the National Hockey League team at a $500 million valuation, according to multiple sources.

Barroway became the majority owner of the Coyotes in December, 2014 and the sole owner of the hockey team in June, 2017.

The fact that Barroway is now seeking cash for his team is not surprising. When he bought out his partners I wrote: "Barroway's buyout of his partners is the riskiest deal I can recall in recent memory...Barroway and the Coyotes are now leveraged to the hilt. As of now, the Coyotes have $250 million of debt. There is $100 million of NHL credit facility debt and two loans from MGG Investment Group; one for $100 million with about a 10% interest rate and a payment-in-kind loan for $50 million that would be redeemed in six years for $100 million."

continued

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Marian Hossa’s Contract May Be Headed To Arizona

 

added 3:04pm,

 

 

added 3:10pm, Chicago statement on Marian Hossa below.

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  Tags: marian+hossa

A Two-Year Deal With Niklas Hjalmarsson And The Arizona Coyotes

via Sportsnet,

The Arizona Coyotes have agreed to a two-year, $10 million contract extension with defenceman Niklas Hjalmarsson that will begin in 2019. The deal can’t be officially signed until July 1.

Hjalmarsson, 31, is entering the final year of a five-year, $20.5 million contract that he signed with the Chicago Blackhawks in 2014. He was acquired by the Coyotes from the Blackhawks in a trade last summer.

In 48 games last season, Hjalmarsson had one goal, eight points and 18 penalty minutes.

Filed in: NHL Teams, d, | KK Hockey | Permalink
  Tags: niklas+hjalmarsson

Afternoon Line- Liam Kirk

"I have to admit it was very emotional and a bit overwhelming when I first heard, it was probably one of the best feelings I've ever experienced. Even when it got to the seventh round and I hadn’t been picked I was getting a bit more nervous and anxious. "But, when it finally happened, it was amazing. I don’t really care what round it came in or which pick it was, I just wanted to be drafted and now it’s all about what I do after the draft."

- Liam Kirk, a 7th round pick by the Arizona Coyotes and the first English-born and trained player to be drafted.  More from Phil Harrison of the Yorkshire Post.

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  Tags: liam+kirk

Video/Audio- Alex Galchenyuk And Max Domi Needed A Change Of Scenery

Elliotte Friedman of Sportsnet breaks down the trade.

 

 

added 7:30am, Stu Cowan of the Montreal Gazette on the trade,

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Filed in: NHL Teams, d, Montreal Canadiens, | KK Hockey | Permalink
  Tags: alex+galchenyuk, max+domi

Montreal Trades Alex Galchenyuk. For Max Domi

added 9:42pm, Montreal press release is below.

added 9:49pm, Arizona release is below.

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Filed in: NHL Teams, d, Montreal Canadiens, | KK Hockey | Permalink
  Tags: alex+galchenyuk, max+domi

Report- Oliver Ekman-Larsson Will Be Staying With The Arizona Coyotes

from TSN,

Oliver Ekman-Larsson has reached a verbal agreement with the Arizona Coyotes to sign an eight-year contract extension on July 1, TSN Hockey Insider Darren Dreger reports.

According to Dreger, the extension is expected to be worth over $8 million per year. He has one season remaining on the six-year, $33 million contract he signed with the team in 2013.

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  Tags: oliver+ekman-larsson

Arizona Coyotes Discussing A Long Contract Extension For Oliver Ekman-Larsson

from Craig Morgan of Arizona Sports,

The Coyotes are discussing an eight-year contract extension with defenseman Oliver Ekman-Larsson that would carry an average annual value (AAV) slightly above $8 million, sources familiar with the talks told ArizonaSports.com.

Ekman-Larsson has one year remaining on a six-year, $33 million deal that began in the 2013-14 season and will pay him $7 million in salary for the 2018-19 season. Ekman-Larsson is eligible to sign an extension on July 1.

While other teams, particularly those in Canadian or large U.S. markets, may be able to offer him a higher AAV if he were to reach unrestricted free agency, the lower cost of living in Arizona could mitigate those differences.

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  Tags: oliver+ekman-larsson

Arizona/Carolina Trade

GLENDALE, ARIZONA -Arizona Coyotes President of Hockey Operations & General Manager John Chayka announced today that the Coyotes have acquired center Marcus Kruger and a third-round draft choice in the 2018 NHL Entry Draft from the Carolina Hurricanes in exchange for forward Jordan Martinook and a fourth-round draft choice in 2018.

"We are very pleased to add Marcus to the Coyotes," said Chayka. "Marcus is a solid, two-way center who is very responsible defensively and has good speed and skill. He's an excellent penalty-killer and will provide us with good depth at the center ice position." 

The 27-year-old Kruger registered 1-5-6 and 28 penalty minutes (PIM) in 48 games with the Hurricanes this season. The 6-foot, 186-pound native of Stockholm, Sweden has totaled 34-77-111 with 204 PIM in 446 career NHL games with the Chicago Blackhawks and Hurricanes. He helped Chicago win Stanley Cup championships in 2013 and 2015.

Kruger scored a career-high nine goals in 2011-12 and collected a career-best 28 points in 2013-14. He was originally drafted by the Blackhawks in the fifth round (149th overall) in the 2009 Entry Draft.

Martinook recorded 26-39-65 and 103 PIM in 247 career games with the Coyotes.

Filed in: NHL Teams, d, Carolina Hurricanes, | KK Hockey | Permalink
  Tags: marcus+kruger

Antti Ranta Signs A Three-Year Extension With The Arizona Coyotes

 

added 4:12pm, Arizona release is below...

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  Tags: antti+raanta

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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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