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That would be on top of his offeof $213 million for the financially trouble hockey team to Coyotes owner Jerry Moyes. U.S. Bankruptcty Court Judge Redfield Baum is hearing arguments Tuesdahy on whether the Coyotes can move to Canada as part of theifr Chapter 11bankruptcy reorganization. Baum is not expected to rule on themattef Tuesday, but focused on rights and some kind of relocatio n fee to reimburse the league for its lost expansion team opportunity in Hamiltomn should the Coyotes move there.
The $100 millionb figure was cited in court NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcy court onthe $100 million or what a relocatiojn fee might entail. The NHL and other pro sportsz leagues are fighting the Coyotes move saying it couldx prompt other teams to file bankruptcy in an attempgt to move toother markets. however, noted that moves by the Baltimore San Diego Clippers and others have not hada long-term detrimentak impact on pro sports. NHL representatives said Tuesday that the league will continue to fund the Coyotesx through next season ifneed be, and its priorityt is an ownership group that wouled keep the team in Arizona.
If that’ s not possible, then bidders looking to move the team couldxbe considered, officials said. Balsillie contends that NHL hockey is not financially viable in the Phoeniz market and is pushing for his offer to be approved by the end of The Coyotes have lost morethan $300 million since moving to the Phoenixs market in 1996 from The court hearing was slated to continue Tuesdaty afternoon including arguments against the Coyotes move from the city of which owns Jobing.com Arena wheree the hockey team plays.
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