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[Discussion] Will a Team Fold and Relocate?

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21 minutes ago, Ghostsof1915 said:

It would never happen. But....

 

Take the $650 million Seattle expansion fee. 

Give the Arizona and Florida owners $110 million a piece to fold their teams. 

The remaining $430 million goes to the 29 other owners = Each owner gets $14.827 million. 

Instead of an expansion draft.

Seattle gets first choice of the players from Arizona and Florida. 12 Forwards, 6 defencemen and 2 goalies. 

The rest of players Seattle doesn't want goes into a dispersal draft for the 29 other teams. 

(Probably just a one round dispersal draft, maybe two?)

No expansion draft. 

The league stays at 30 teams. 

 

It will never happen because Gary would have a fit. Because he thinks a TV deal hinges on South Florida and Arizona. The owners would have a fit losing expansion money. 

both teams are worth 300 million or more according to Forbes

why on earth would any owner sell their interrst for 110 million?? that's nuts

 

arizona is also 100% financed

their bankers would block any sale

florida's debt is 37% of the 310 million franchise value

that debt is therefore worth almost $115 million

 

even if both owners were prepared to take a haircut to sell off their franchise

they'd easily get 250 milion from someone who wants a team

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12 minutes ago, Elias Pettersson said:

The NHL doesn't make any money if a team simply relocates, so it will never happen.  

That just is not true.  The league charges a relocation fee.

 

Way back when dollars were at a fraction of what they are now, Atlanta paid something like $60 million to relocate.

 

They would arrange it so buying a cheap team and relocating would end up being comparable to an pure expansion fee.

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27 minutes ago, Provost said:

That just is not true.  The league charges a relocation fee.

 

Way back when dollars were at a fraction of what they are now, Atlanta paid something like $60 million to relocate.

 

They would arrange it so buying a cheap team and relocating would end up being comparable to an pure expansion fee.

You could be right.  But even if you were correct the $60 million is peanuts compared to the $500 million Vegas paid, the $650 million Seattle paid and the $800 million Quebec is looking to pay.

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5 minutes ago, Elias Pettersson said:

You could be right.  But even if you were correct the $60 million is peanuts compared to the $500 million Vegas paid, the $650 million Seattle paid and the $800 million Quebec is looking to pay.

That was years ago when franchise values were a fraction of what they are now.  Columbus only paid $80 million for their expansion fee as the last team to join... it wouldn’t be $60 million now.

 

They would basically make the total of the purchase of the failing franchise and the relocation fee equal close to the same as the expansion fee.  Like if it cost $300 million to buy The Panthers, the relocation fee would be another $300 million.

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In the west I hope someone moves to Portland. 

If it's an eastern based team then Quebec City.

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On 4/18/2020 at 5:46 PM, Elias Pettersson said:

The NHL doesn't make any money if a team simply relocates, so it will never happen.  By the looks of it sports will be starting back in May or June for most sports.  I heard Basketball, Hockey, Golf and European Soccer will all get going in a month or 6 weeks.  The NFL will be holding their draft soon and start off season workouts.  

 

The only people who might get screwed are the free agents this summer.  They may not get as big of a contract as they anticipated.  

Too bad for Marky, good for the Canucks and our cap situation. 

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On 4/19/2020 at 9:31 AM, Ghostsof1915 said:

Won't happen because if the US collapses where is China going to sell its goods if doesn't have Wal-Mart? 

Who would've predicted neg prices for a barrel of oil? All paradigms will go out the window; & one can learn more reality from a game of Monopoly than the blather from highfalutin' economists!

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On 4/19/2020 at 9:02 AM, rawkdrummer said:

In the west I hope someone moves to Portland. 

If it's an eastern based team then Quebec City.

Quebec City might be too close to Montreal.  A few years ago they did a study where corporates answered that they would split their hockey investments between both franchises.  Montreal would be at risk of losing money.  The market place might not be big enough to accommodate two franchises that close to one another.  Taking away Montreal fans to make them Quebec City fans doesn't really help the league.  

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I could see Ottawa, Winnipeg, Calgary, Edmonton, Montreal, Vancouver, and Toronto possibly being moved to cities further south.

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It’s all bad, but I think just having live hockey again on TV will be a big hit. People need live sport action more then ever. So I actually think tv viewers will go up and casual hockey fans may turn into more interested intense hockey fans.

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If only Buttman would have fought so hard to keep franchises in Quebec, Winnipeg and Hartford.

 

Nordiques, classic Jets (not the Winnipeg Thrashers) and the Whalers were classic teams with classic jerseys and storied histories.

 

Wouldn't mind seeing Houston get a second chance at life though.  The Houston Aeros were a significant part of hockey history.

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On 4/24/2020 at 3:30 AM, Kevin Biestra said:

If only Buttman would have fought so hard to keep franchises in Quebec, Winnipeg and Hartford.

 

Nordiques, classic Jets (not the Winnipeg Thrashers) and the Whalers were classic teams with classic jerseys and storied histories.

 

Wouldn't mind seeing Houston get a second chance at life though.  The Houston Aeros were a significant part of hockey history.

WHA history. Bettman doesn't like to admit there was a rival league at one point. 

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