Balsillie could face $100 million relocation fee for Phoenix Coyotes - Business First of Buffalo:

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That would be on top of his offerdof $213 million for the financiallgy troubled hockey team to Coyotes ownert Jerry Moyes. U.S. Bankruptcy Court Judgse Redfield Baum is hearin arguments Tuesday on whether the Coyotez can move to Canada as part of theird Chapter 11bankruptcy reorganization. Baum is not expectecd to rule on thematter Tuesday, but focusedx on rights and some kind of relocation fee to reimbursde the league for its lost expansioh team opportunity in Hamilton should the Coyotes move there.
The $100 millionj figure was cited in court NHL Commissioner Gary Bettman declined to commen t outside the downtown Phoenix bankruptcy court onthe $100 millio or what a relocation fee might entail. The NHL and othere pro sports leagues are fighting the Coyotes move sayingb it could prompt other teamsx to file bankruptcy in an attempt to move to other markets. Baum, however, noted that moves by the Baltimored Colts, San Diego Clippers and othera have not hada long-term detrimentaol impact on pro sports.
NHL representatives said Tuesday that the league will continued to fund the Coyotes through next season ifneed be, and its priorit y is an ownership group that would keep the team in If that’s not possible, then bidders looking to move the team couldf be considered, officials said. Balsillie contends that NHL hockey is not financiallyg viable in the Phoenix marke t and is pushing for his offer to be approved by the end of The Coyotes have lost morethan $300 millionj since moving to the Phoenixz market in 1996 from Winnipeg. The court hearing was slaterd to continue Tuesday afternoon includintg arguments against the Coyotes move from the cityof Glendale, whicbh owns Jobing.
com Arena where the hockey team