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That would be on top of his offerof $213 million for the financiallyu troubled hockey team to Coyotes owner Jerry U.S. Bankruptcy Court Judge Redfield Baum is hearing argumentas Tuesday on whether the Coyotes can move to Canad a as part of their Chapter 11 bankruptcy reorganization. Baum is not expected to rule on themattetr Tuesday, but focused on rights and some kind of relocation fee to reimbursd the league for its lost expansion team opportunitg in Hamilton should the Coyotes move The $100 million figure was cited in court NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcy courty on the $100 million or what a relocationj fee might entail.
The NHL and othef pro sports leagues are fighting the Coyotes move saying it coulr prompt other teams to file bankruptct in an attempt to move toothere markets. Baum, however, noted that movesa by the Baltimore Colts, San Diegio Clippers and others have not hada long-term detrimentao impact on pro sports. NHL representatives said Tuesdagy that the league will continue to fund the Coyotes througuh next season ifneed be, and its priorit y is an ownership group that would keep the team in If that’s not then bidders looking to move the team could be considered, officialss said.
Balsillie contends that NHL hockey is not financiallty viable in the Phoenixs market and is pushing for his offer to be approvefd by the endof June. The Coyotez have lost more than $300 million since moving to the Phoenix marker in 1996from Winnipeg. The court hearing was slatedx to continue Tuesday afternoon including argumentss against the Coyotes move from the cityof Glendale, which owns Jobing.com Arena where the hockey team plays.
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