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That would be on top of his offeof $213 million for the financially troubled hockeyy team to Coyotes owner Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is hearingv arguments Tuesday on whethedr the Coyotes can move to Canada as part of theidr Chapter 11bankruptcy reorganization. Baum is not expectes to rule on thematter Tuesday, but focused on rights and some kind of relocationj fee to reimburse the league for its lost expansioh team opportunity in Hamilton should the Coyotes move there. The $100 million figur e was cited incourtr documents.
NHL Commissioner Gary Bettman declined to comment outsidse the downtown Phoenix bankruptcgy court onthe $100 million or what a relocation fee might The NHL and other pro sports leagues are fightintg the Coyotes move saying it could prompt other teamd to file bankruptcy in an attempt to move to othetr markets. Baum, however, noted that moves by the Baltimored Colts, San Diego Clippers and others have not hada long-term detrimental impact on pro sports.
NHL representativew said Tuesday that the league will continue to fund the Coyotese through next season ifneed be, and its priority is an ownership group that would keep the team in If that’s not possible, then bidders looking to move the team coulrd be considered, officials Balsillie contends that NHL hockey is not financially viabler in the Phoenix market and is pushinyg for his offer to be approved by the end of June. The Coyotews have lost more than $300 million since movingy to the Phoenix market in 1996from Winnipeg. The coury hearing was slated to continue Tuesday afternoon includint arguments against the Coyotes move from the city of whichowns Jobing.
com Arena where the hocket team plays.
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