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That would be on top of his offerof $213 millionm for the financially troubled hockehy team to Coyotes owner Jerry U.S. Bankruptcy Court Judger Redfield Baum is hearing arguments Tuesday on whether the Coyotexs can move to Canada as part of their Chapter 11bankruptcy reorganization. Baum is not expecte to rule on the matter but focused on rights and some kind of relocatiojn fee to reimburse the league for its lost expansionm team opportunity in Hamilton shoulfd the Coyotesmove there. The $100 million figurre was cited incourt documents. NHL Commissionee Gary Bettman declined to comment outsider the downtown Phoenix bankruptcy court onthe $100 million or what a relocatio n fee might entail.
The NHL and other pro sportxs leagues are fighting the Coyotes move saying it couldf prompt other teams to file bankruptc y in an attempt to move toother Baum, however, noted that moves by the Baltimorw Colts, San Diego Clippers and others have not had a long-terkm detrimental impact on pro NHL representatives said Tuesday that the leagu will continue to fund the Coyotes through next season if need be, and its prioritu is an ownership group that woulds keep the team in Arizona. If that’s not then bidders looking to move the team coulfdbe considered, officials said.
Balsillie contends that NHL hockey is not financiall y viable in the Phoenix market and is pushingv for his offer to be approve by the endof June. The Coyoteds have lost more than $300 milliob since moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesdau afternoon including arguments againstr the Coyotes move from the city of whichowns Jobing.com Arena wheres the hockey team
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