The Business of HockeyDiscuss the financial and business aspects of the NHL. Franchise sales, valuations, TV contracts, ratings, expansion, relocation, the CBA and work stoppage discussion goes here.
Phoenix XLIII: How to Bake Cupcakes in Less Than Two Weeks
Well the library hours have already been cut, employees are already on furlough, and the courthouse is already sitting unfinished. Have to start cutting bone now.
he would have a lot of time to focus on the team now that he's been fired from RIM.
Nope - Not even a little bit. Glendale regrets getting into this whole mess, but not selling out to an unscrupulous son of a *****. Anything NHL related to Balsillie or Hamilton will have a stench associated with it for the next 2 generations. No surprise its Seattle, QC, KC, Portland and Houston are floated by the league from time to time. No surprise the list doesn't include Hamilton. Sorry.
Give it a rest. You're not even close to being accurate....
I bet Glendale is regretting not acceptting Jim Balsille Golden handshake that he offered back in 2009 .
Quote:
Originally Posted by KJP
The NHL isn't.
The league wouldn't have much choice if the COG had indicated it wanted the cash in hand from JB rather than the NHLs cash in the bush. IMO if the city were on board with JB the court would have taken that deal and told the league to pound salt, maybe it would have even helped RIM as JB wouldn't have had as much time to run his company into the ground.
For the first $25 million payout, paid last spring, the city borrowed the money from its self-sustaining enterprise funds for sanitation and landfill. These accounts are funded by user fees, such as use of the landfill or city sanitation services.
The city plans to reimburse those accounts. The staff recently said the city would begin to reimburse the enterprise funds next fiscal year $1 million a year from the general fund.
So for the first $25M that the CoG paid out, it is going to take 25 years to reimburse the enterprise fund. What about this years' $25M. If the CoG uses the same fund shuffle, that will be another 25 years. So it could be 50 years before the fund money is all put back to where it should be. Not counting any of the "hidden" subsidy money the CoG is going to try and give the team.
For the first $25 million payout, paid last spring, the city borrowed the money from its self-sustaining enterprise funds for sanitation and landfill. These accounts are funded by user fees, such as use of the landfill or city sanitation services.
The city plans to reimburse those accounts. The staff recently said the city would begin to reimburse the enterprise funds next fiscal year $1 million a year from the general fund.
So for the first $25M that the CoG paid out, it is going to take 25 years to reimburse the enterprise fund. What about this years' $25M. If the CoG uses the same fund shuffle, that will be another 25 years. So it could be 50 years before the fund money is all put back to where it should be. Not counting any of the "hidden" subsidy money the CoG is going to try and give the team.
The Coyotes.... the taxpayer black hole.
Just goes to show how much we love our hockey down here!
From what I seen on here the effort to save the coyotes is killing Glendale why dosen't the NHL. see this or are they that desprate to keep another american team from moving to Canada (Quebec City\Hamilton) that it is worth killing a town over it .
The NHL sees it alright, problem is Bettman opened his yap from one side and then the other. First he told Arizona that the building in Glendale would ensure the team in the valley for the next thirty years and then he told the BOG that the league would lose no money owning the franchise. It's obvious that the asking price needs to be reduced, but Bettman has painted himself in a corner.
Granted it's a difficult situation and I don't think the comments were born of malice, but of hope and from positive thinking. The franchise is weathering the perfect storm, it's time for the Coast Guard to save the day.
Going by television ratings, it appears the media in Phoenix were wise to offer little Coyotes coverage.
One thing can feed off another. The media should cover the news, the hockey team and what they are doing is news. Consider the rise to third place yesterday (albeit with the Sharks having games in hand) and the small Associated Press blurb at the bottom of the sports page with story on pg. six.... that's our local coverage.
Give it a rest. You're not even close to being accurate....
Of course its accurate. I live down here and no one rues the day that that POS Balsillie was turned down. We all realize how much a dark arena would cost us. I'm also accurate that the Hamilton has not been floated alonside Seattle, QC, Houston, etc. The NHL doesn't want Hamilton. Make up your own reason (excuse). I blame Balsillie for that.
Of course its accurate. I live down here and no one rues the day that that POS Balsillie was turned down. We all realize how much a dark arena would cost us. I'm also accurate that the Hamilton has not been floated alonside Seattle, QC, Houston, etc. The NHL doesn't want Hamilton. Make up your own reason (excuse). I blame Balsillie for that.
No, it's not accurate, it's your highly biased blinkered embittered view on things. And no, it's not accurate in the least to say the NHL doesn't want Hamilton. YOU don't want Hamilton, you are not the league...
Of course its accurate. I live down here and no one rues the day that that POS Balsillie was turned down. We all realize how much a dark arena would cost us. I'm also accurate that the Hamilton has not been floated alonside Seattle, QC, Houston, etc. The NHL doesn't want Hamilton. Make up your own reason (excuse). I blame Balsillie for that.
You all realize how much a dark arena would cost. All except for the City of Glendale, who still has absolutely no clue almost three years after that became a distinct possibility.
Here's a hint - it would cost a lot less to run a "dark" arena than the $25 million the COG is currently flushing down the sinkhole each year.
As for Hamilton, the NHL was never interested in putting a team there, so take no sense of achievement or victory in knowing that Hamilton isn't getting a team any time soon. Balsillie's actions haven't affected that (im)possibility at all.
You all realize how much a dark arena would cost. All except for the City of Glendale, who still has absolutely no clue almost three years after that became a distinct possibility.
Here's a hint - it would cost a lot less to run a "dark" arena than the $25 million the COG is currently flushing down the sinkhole each year.
As for Hamilton, the NHL was never interested in putting a team there, so take no sense of achievement or victory in knowing that Hamilton isn't getting a team any time soon. Balsillie's actions haven't affected that (im)possibility at all.
COG knows the cost of a dark arena. Just because the didn't ask for a formal evaluation doesn't mean that they don't have a clue. While it may be quite fun to hold up COG as incompetent, you might find when all is said and done that the COG was quite competent in dealing with the facts on the ground.
No, it's not accurate, it's your highly biased blinkered embittered view on things. And no, it's not accurate in the least to say the NHL doesn't want Hamilton. YOU don't want Hamilton, you are not the league...
I think the NHL has stated its position quite well... if it wanted a team in Hamilton there would already be a team there.
The direct cost of a dark arena is simple: zero plus the cost of financing the construction (and operation).
What nobody knows is what the cost of operating the arena without an NHL team is. Thinking they do is nothing short of comical otherwise they'd come out and say it and show it (rather than doing the exact opposite and saying that they didn't because somebody told them not to). The only reason they wouldn't come out and say it is if it turned out that operating the arena without an NHL team was actually cheaper than keeping the team in it in which case the COG wouldn't simply be incompetent, they'd actively be making the wrong choice for their city after identifying the right one, which is far worse.
Of course its accurate. I live down here and no one rues the day that that POS Balsillie was turned down. We all realize how much a dark arena would cost us. I'm also accurate that the Hamilton has not been floated alonside Seattle, QC, Houston, etc. The NHL doesn't want Hamilton. Make up your own reason (excuse). I blame Balsillie for that.
Do you even live and pay taxes in Glendale? If you don't, it is not costing you a cent
The direct cost of a dark arena is simple: zero plus the cost of financing the construction (and operation).
You would need to add some utility costs and possibly security. The 25 million to run the arena is false and anyone who believes it costs 25 million to run, well I got an NHL team in Hamilton for sale for 100 million for you.
No, it's not accurate, it's your highly biased blinkered embittered view on things. And no, it's not accurate in the least to say the NHL doesn't want Hamilton. YOU don't want Hamilton, you are not the league...
Twenty years from now someone will still be saying it's not accurate to say the NHL doesn't want Hamilton... with a straight face.
Wait... the NHL does want Hamilton - to support the Leafs!
What the NHL doesn't want is Apache Junction.
Well actually, even that's not accurate.
The NHL wants Apache Junction - to support the Coyotes.
For the first $25 million payout, paid last spring, the city borrowed the money from its self-sustaining enterprise funds for sanitation and landfill. These accounts are funded by user fees, such as use of the landfill or city sanitation services.
The city plans to reimburse those accounts. The staff recently said the city would begin to reimburse the enterprise funds next fiscal year $1 million a year from the general fund.
So for the first $25M that the CoG paid out, it is going to take 25 years to reimburse the enterprise fund. What about this years' $25M. If the CoG uses the same fund shuffle, that will be another 25 years. So it could be 50 years before the fund money is all put back to where it should be. Not counting any of the "hidden" subsidy money the CoG is going to try and give the team.
The Coyotes.... the taxpayer black hole.
I guess they'll just ignore the lost purchasing power of those funds over 25 (or 50) years. Maybe they can punch a toddler in the face while they're at it.
Beasley said that now was an appropriate time to talk about a Plan B. Both Lieberman and Councilwoman Joyce Clark said they supported developing a backup plan
Wow, so now they are going to do a Plan B. That doesn't sound good when they didn't want to do it before because it could hurt the sale process. Sounds to me that the NHL will be selecting a Relocation bid soon. Also why is it the city cannot find 5 million to pay the NHL next season? Once again everything is stacking against the Coyotes staying.
Well I have been captivated by this saga. This plan B has me a little confused. Do I understand this correctly? The city didn't want to entertain a plan B in the previous couple of years (good lord years) because it may have spooked /derailed a sale. Apparently since a sale is now far enough along that a plan B won't derail it, the city is going to develop one. Is that correct? Sounds unbelievable but then again so many things have been throughout this saga.
No, it's not accurate, it's your highly biased blinkered embittered view on things. And no, it's not accurate in the least to say the NHL doesn't want Hamilton. YOU don't want Hamilton, you are not the league...
I sit down in my seat and watch one of the greatest coaches in the game manage a team of over achievers. It is anything but an embittering experience. Nothing has been taken from me. I suspect that others might be embittered because they believe deep down that I and other Phoenicians don't deserve this treat as much as they.
As for blinkers, anyone who thinks that the NHL plans to expand to Balsillie-ville is either blinkered or quite lathered up.
Well I have been captivated by this saga. This plan B has me a little confused. Do I understand this correctly? The city didn't want to entertain a plan B in the previous couple of years (good lord years) because it may have spooked /derailed a sale. Apparently since a sale is now far enough along that a plan B won't derail it, the city is going to develop one. Is that correct? Sounds unbelievable but then again so many things have been throughout this saga.
IMO the COG will need a formal report on the cost of losing the Coyotes in order to justify any concessions to Jamison. I suspect that they will argue that the gift clause will allow the concessions because the concessions will immunize the city against even greater losses.
The direct cost of a dark arena is simple: zero plus the cost of financing the construction (and operation).
Ya, pretty much. Maintenance & mechanicals etc. A quick call to KC & AEG; you'd get a pretty reasonable ballpark within about 5 minutes...
Quote:
Originally Posted by yotesreign
The NHL wants Apache Junction - to support the Coyotes.
That'd be nice, and as one of the all time leading destination film making hotspots in the SW for over 70yrs why hasnt the NHL paid tribute to it; marketing its franchise & the team to AJ, Cave Creek & Scottsdale etc over the past couple of years, actually done something to warrant the asking price & their $25M per annum "Arena Management Fee?...
