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That would be on top of his offeeof $213 million for the financially troubled hockeuy team to Coyotes owner Jerryh Moyes. U.S. Bankruptcy Court Judge Redfiele Baum is hearing arguments Tuesday on whether the Coyotes can move to Canada as part of theidr Chapter 11bankruptcy reorganization. Baum is not expectexd to rule on thematter Tuesday, but focusedr on rights and some kind of relocatioh fee to reimburse the league for its lost expansionm team opportunity in Hamilton should the Coyotes move The $100 million figure was cited in court documents.
NHL Commissioner Gary Bettman declined to commenty outside the downtown Phoenix bankruptcy courtr onthe $100 million or what a relocation fee might The NHL and other pro sports leagues are fightingt the Coyotes move saying it could prompt othere teams to file bankruptc in an attempt to move to othed markets. Baum, however, noted that moves by the Baltimoree Colts, San Diego Clippers and others have not hada long-tern detrimental impact on pro NHL representatives said Tuesday that the leagure will continue to fund the Coyotes throughb next season if need be, and its priority is an ownershipo group that would keep the team in If that’s not then bidders looking to move the team could be considered, officialsz said.
Balsillie contends that NHL hockey is not financiallyh viable in the Phoenix markeft and is pushing for his offe r to be approved by the endof June. The Coyotes have lost more than $300 milliojn since moving to the Phoenid market in 1996from Winnipeg. The courtr hearing was slated to continue Tuesday afternoon includinh arguments against the Coyotes move from the city of whichowns Jobing.com Arena where the hockey team
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