Thread: Salary Cap: $64.3M Upper Limit for '11-'12
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11-29-2010, 06:25 AM
  #121
RangerBoy
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The Stars are close to hiring a president. Tony Tavares. Ducks/Angels/Expos/Nationals.

Quote:
The Stars are expected to be running on money from the lenders soon, and Tavares would give the lenders a direct link to the day-to-day operations, as well as give the Stars some much-needed answers in the front office.

Richards, who ranks sixth in the NHL in scoring with 28 points, is in the final year of a contract that will pay him $7.8 million this season (ranking 12th in NHL salary). While Stars GM Joe Nieuwendyk would like to explore a contract extension with Richards, who can become an unrestricted free agent July 1, he has not been able to without an owner in place.

If Richards still wants to opt for free agency after an offer is made, Nieuwendyk might consider trading him before the Feb. 28 NHL trade deadline. However, if the Stars are playing well, Nieuwendyk could decide to keep Richards and try to negotiate an extension at the end of the season.

"There's no doubt that at some point we have to have clarity and we have to have communication, and I feel we're moving in that direction," said Nieuwendyk, who is scheduled to be in New York this week to talk with Bettman. "I think if we just have a plan and know what our options are, then it's not perfect, but we can deal with it."
http://www.dallasnews.com/sharedcont...e.2fab2c7.html

Appears the lenders are going to keep the team for the immediate future. They can't get their asking price. It would make sense to build up the asset in order to sell it at a future date. The team is no danger of being moved. The Stars led the NHL in biggest attendance drop this season. Back to back non-playoff seasons in a non-traditional hockey market. Not re-signing Richards and another non-playoff year would be a disaster. Richards likes playing with Neal and Eriksson. No state income tax.

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