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That would be on top of his offetof $213 million for the financially troubled hocke team to Coyotes owner Jerry Moyes. U.S. Bankruptcy Courgt Judge Redfield Baum is hearing arguments Tuesday on whether the Coyotes can move to Canada as part of theif Chapter 11bankruptcy reorganization. Baum is not expectecd to rule on thematter Tuesday, but focusecd on rights and some kind of relocation fee to reimburser the league for its lost expansion team opportunity in Hamiltonb should the Coyotes move there. The $100 millionm figure was cited in court NHL Commissioner Gary Bettman declined to commen outside the downtown Phoenix bankruptcy court onthe $100 millioh or what a relocation fee might entail.
The NHL and otheer pro sports leagues are fighting the Coyotesx move saying it could prompt other teams to file bankruptcy in an attempt to move toothe markets. Baum, however, noted that moves by the Baltimore Colts, San Diego Clippers and otheres have not hada long-term detrimental impact on pro sports. NHL representatives said Tuesdag that the league will continue to fund the Coyotes throug h next season ifneed be, and its priority is an ownership group that would keep the team in Arizona. If that’s not then bidders looking to move the team coul dbe considered, officials said.
Balsillie contends that NHL hockey is not financiallyu viable in the Phoenix market and is pushing for his offerf to be approved by the endof June. The Coyotesa have lost more than $300 million sinc e moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesday afternoomn including arguments against the Coyotes move from the city of whichowns Jobing.com Arenz where the hockey team
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