Showing posts with label Jim Balsillie. Show all posts
Showing posts with label Jim Balsillie. Show all posts

Thursday, September 24, 2009

Gretzky leaves Coyotes


Super athletes rarely develop into super coaches, as Wayne Gretzky discovered during his four seasons behind the Phoenix Coyotes bench.

The greatest player in NHL history? You won't get an argument from me.

I had the pleasure of covering Gretzky during his time with the Los Angeles Kings, following his blockbuster trade from the Edmonton Oilers in 1988, and he was as gracious and approachable off a sheet of ice as he was great on it.

But Gretzky, who owns virtually every league scoring mark imaginable, stepped down today as head coach of the Phoenix Coyotes after four seasons with a record of 143-161-24, with two fifth-place finishes in the Pacific Division, two fourth-place finishes, and no playoff appearances.

It's unfortunate, because the Coyotes could have the makings of a good, young team whose prospects have been overshadowed by the bankruptcy situation hanging over the franchise, one that has left the club's future location in doubt.

Canadian billionaire Jim Balsillie wants to purchase the Coyotes and move it to Hamilton, Ontario, though he said he would keep it at Jobing.com Arena in Glendale, Ariz., this season if he wins an auction for the club.

The NHL wants the Coyotes to remain in Arizona and has put up a bid to keep them there, hopeful that a local buyer could be found in the interim.

In the meantime, Gretzky had been absent from training camp, so the team was being run by interim coach Ulf Samuelsson.

Gretzky resigned, he said on his web site www.gretzky.com, because he no longer fit in the team's plans.

“We all hoped there would be a resolution earlier this month to the Coyotes ownership situation, but the decision is taking longer than expected," Gretzky said. "Since both remaining bidders have made it clear that I don’t fit into their future plans, I approached general manager Don Maloney and suggested he begin looking for someone to replace me as coach. Don has worked hard and explored many options. I think he has made an excellent choice, and so now it’s time for me to step aside."

And in another bit of Coyotes news, fans will be able to purchase all lower-bowl tickets for $25 for the Oct. 10 home opener against the Columbus Blue Jackets. Upper-level seats are priced at $15 for the game.

Considering this team's shrinking fan base, it might be wise to keep those ticket prices for the remainder of the season, no matter which party winds up with the club.

Wednesday, September 9, 2009

Coyotes faceoff heating up


Call it a Duel in the Valley of Sun, the fight to see whether the Phoenix Coyotes remain in Arizona or wind up in Hamilton, Ontario.

On the one side we have the NHL, led by commissioner Gary Bettman, who wants the Coyotes to keep playing at the Jobing.com Arena in Glendale, Ariz.

On the other is Jim Balsillie, whose Research In Motion company makes the popular Blackberry -- and has made him a fortune.

If money talks, and if judge Redfield T. Baum allows Balsillie to bid for the Coyotes in bankruptcy court, the league might have an impossible chance to compete.

Balsillie is willing to pay $242.5 million for the franchise, with several million to take care of the arena lease and with the stipulation he can move the team to Canada. The league is offering to pay $140 million to keep the team in Glendale while seeking a local buyer.

Balsillie gained some traction when a group named Ice Edge dropped out of the bidding. Its offer was only $150 million and was predicated on getting a new lease.

The league's board of governors voted 26-0, with three abstentions, to keep Balsillie from becoming an owner, so whichever way the bankruptcy judge rules will be extremely meaningful in terms of how much authority a league and its commissioner can wield.

Both sides are prepared to appeal.