Physical_Graffiti wrote:Draftnik wrote:Bettman was never going to let the Pens leave PGH. They were never a portable franchise. The whole arena slots saga was a sideshow. The Pens ended up getting one of the most 1-sided deals in the entire NHL. CEC is a license to print $$$ and that is before the Pens get to develop the 10 acres of adjacent land. There was no reason for the NHL to abandon this market. Its one of the top US markets on a per -capita basis.
JB claiming the NHL was going to let him buy the Pens and move them to Hamilton is a total lie.
The NHL doesn't need Balsillie or a 2nd team in the GTA or Golden Horseshoe. The owners would like the expansion fee, but other than that the NHL gains very little. The CBC and TSN national TV deals wouldn't increase. The market(s) are already heavily penetrated by the NHL. There would be additional ticket revenue, but at the same time it will devalue the TML and BUF tickets because more supply would enter the market to compete with some of the same demand. The same applies to RSN TV $$$ because a 2nd team would certainly cut into the value of TML TV deals. There is no burning need for the NHL to place a 2nd team in the area and certainly they don't need JB to do it. The notion that he and he alone is the only person capable of owning the franchise is absurd. That is his PR machine lying once again. When Steve Stavros sold TML who in the world would have claimed Larry Tannenbaum and the Ontario Teachers Union Pension Fund were the only entities capable of owning TML? Its absurd to think nobody else would be interested or have the $$$.
JB could have bought the Pens and kept them in PGH and if he played be the rules he would have been 1st in line to buy an expansion franchise in Ontario. Craig Leopold owned the Preds for a while but he really wanted a team in MIN, so the NHL let him sell the Preds and buy the Wild when they came on the market. Do you really think Jeff Vinik came to the NHL and said he had to have the TBL and Matt Hulsizer said he had to have PHX? It doesn't work that way. They court Bettman & the BOG and vice versa and when an opportunity to purchase a franchise becomes available they take it. There are guys like Pegula that want a franchise in their local market, but he is going to pay a premium at ~ $160M to $175M to buy BUF and that is with Golisano being motivated to sell.
JB's non-compliance with rules isn't limited to the NHL. RIM has been sued multiple times (and settled because they stole IP) for patent infringement. Obviously JB has been successful doing things that way in the Tech world, but that doesn't mean he can get away with it in the NHL where franchise ownership & transfers are approved/controlled by a super-majority of the other owners.
Ron Joyce understands the reality. The NHL controls its franchises. End of story. This article is dated before the courts ruled the NHL is not an illegal cartel. Once again JB was wrong. Its also ironic that Joyce thinks Hamilton is incapable of sustaining an NHL franchise with corporate support:
http://www.nationalpost.com/sports/stor ... id=1578428
When did JB claim the NHL was going to let him move the Pens to Hamilton?
What "rules" are you referring to? Are these similar to the "rules" that allow certain players to get away from instances without any repurcussion, while others recieve suspensions?
Joyce has half the amount of money that Ballsillie does, and if he wanted to own a team in Hamilton, he'd have to spend half of that before the team even played a game. That's not something many people want to take on.
Hamilton has plenty of businesses (HHS, Dofasco, Mac, Mohawk, Fox 40 International Inc., Pioneer Petroleum, AIC Limited, John Deere Ltd, and Dell Pharmacy to name a few)
Wait, I'm a billionaire and you're going to try to force me to buy a team in place that makes zero dollars (that you put there because of the "opportunity for growth") rather than put the team into a market where it can be a guaranteed money maker? Who do you think you are? I'm worth more money than 10 of your franchises combined. You should be trying to get me into your club at all costs.
The term sheet presented to JB regarding the Pens sale prohibited him from leaving PGH for 7 years. Balsillie refused to keep the Pens in PGH and work on alternative arena funding if the Isle of Capri slots proposal lost (it did):
The NHL was prepared to take the team over if JB didn't want to remain in PGH under those terms but JB refused. In the end, the Pens ended up with one of the most lucrative 1-sided arena deals in the NHL.
The NHL does not need JB. JB needs the NHL.
This thread has really jumped the shark. The NHL will never sell a team to Balsillie so rehashing the events of the past is pointless.