Penguins "to KC/staying in Pitt/not sold/whatever" thread

Maken*

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So, this pretty much officially means that Bettman (and his American owners) stopped the Penguins from moving to Southern Ontario. If JB had completed the sale last week, Sid & Geno would be on the bus to Canada already. Thanks Gary & Co!
 

Buffaloed

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Feb 27, 2002
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If a owner will have to kick in nearly $130-million of his own money for the arena ..... I doubt the selling price for the team even approaches $100-million.

It all comes down to how the financing is structured. It's not that difficult to imagine a new arena producing enough revenue to cover the payments on a long-term note. They shouldn't have that much trouble finding favorable financing with the new CBA in place and the support of state/local governments. It's definitely doable if the commitment is there.
 

Motown Beatdown

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I hate the fact that it came down to the NHL and Penguins counting on casino to save the team. But really i just wished this soap opera was over and done with. Hopefully Cuban comes in and saves the day, but it will be really interesting to see if Bettman is willing to put up with Cuban as an owner of a NHL team. Unlike most of the BOG he has no problem voiceing his opinion about league even if it makes the league look bad.


Good luck Pens fans, here's hoping to the team stays.
 

JoeP

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Dec 16, 2006
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What this means that is the Pens will still get an arena and life goes on.

Endless drama as if the IOC arena was really "free" and as if it were the best option. A casino doesn't belong in the Hill and the city will still get an arena.
 

JoeP

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By the way Hamilton would not get a team regardless. It doesn't make sense to put a team that close to Toronto and Buffalo.

That would be if Cleveland had a team, and Youngstown (between Cleveland and Pittsburgh) attempting to get one. Ain't gonna happen, let alone steal one from a very viable hockeytown.
 

FDBluth

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According to sources close to the negotiations, Mr. Balsillie balked at a "side deal" that would have required him to agree, among other things, to allow the NHL to take over the hockey team if it was unhappy with arena negotiations, or if it became disenchanted with his ownership. The league also wanted to restrict the new owner from contemplating a move out of Pittsburgh under any circumstances until 2013 at the earliest.

If this news is made public or brought to light, do you think it's finally enough for owners to turn on Bettman and kick his *** out of office?
 

Maken*

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By the way Hamilton would not get a team regardless. It doesn't make sense to put a team that close to Toronto and Buffalo.

What makes sense is putting a team where it will make money. League officials (and anyone with half a brain) know that a team in Southern Ontario would be an instant hit, and have admitted as much.
 

syc

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While this sucks for Pens fans I just can't help but laugh at the Pens owners and the NHL.

Betting on hockey = Bad
Betting on Slots machines = Good (If it pays for an arena)

Balsillie is laughing his *** off at the NHL now and wiping his tears of joy with $1000 bills.

Sorry Pens fans nothing against you but you just got stuck with bad business people as owners.
 

JoeP

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What makes sense is putting a team where it will make money

Yes.

League officials (and anyone with half a brain) know that a team in Southern Ontario would be an instant hit, and have admitted as much.

So you follow a statement on $$$, with a conclusion that a team (another team ) would be "an instant hit"

I'm sure that residents of Hamilton would love to have a team, but that doesn't mean that it would make sense to the NHL, especially when it would be sandwitched between to bigger market teams.
 

FDBluth

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The thing is that the league is a gate-driven league, and you could immediatley charge high prices in another southern Ontario city and have guaranteed sellouts.
 

Maken*

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Hamilton was never Balsillie's plan. Hamilton lies within territorial restrictions of two existing teams. There are other places in Southern Ontario that do not.

You obviously have no idea of the amount of hockey fans in Southern Ontario.
 

JoeP

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You obviously have no idea of the amount of hockey fans in Southern Ontario.

I do. I am just looking at from outside the bubble of that context and in the larger context of TV markets and other considerations.
 

Egil

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I do. I am just looking at from outside the bubble of that context and in the larger context of TV markets and other considerations.

A team in southern Ontario (located correctly) has access to the NHL's best TV market (Toronto).
 

JoeP

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Dec 16, 2006
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A team in southern Ontario (located correctly) has access to the NHL's best TV market (Toronto).

Yep. This post demonstrates the confusion that some have. Toronto is the market there and it's taken.

Ask the Leafs organization how they would feel about their market share being cut.
 

Neely2005

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Nov 3, 2006
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Yes.



So you follow a statement on $$$, with a conclusion that a team (another team ) would be "an instant hit"

I'm sure that residents of Hamilton would love to have a team, but that doesn't mean that it would make sense to the NHL, especially when it would be sandwitched between to bigger market teams.

Look at it this way - Buffalo plays the Canadian National Anthem at ALL Home Games - even if they're not playing a Canadian team.

Another team in Southern Ontario would thrive!
 

Neely2005

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Yep. This post demonstrates the confusion that some have. Toronto is the market there and it's taken.

Ask the Leafs organization how they would feel about their market share being cut.

If the team is in the Kitchener-Waterloo area then the leaves wouldn't have any say in the matter as it is outside of their "Franchise Protected Area".
 

ej_pens

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That sounds like a mightly big "if" to be haning your hat on.


25M+ is a large sum of money to waste acquiring properties at the Pens preferred site to start demolition in a month on the Pens timetable.

In other words, the city/county aren't going to let that money go to waste by not getting an agreement done.
 

Egil

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Yep. This post demonstrates the confusion that some have. Toronto is the market there and it's taken.

Ask the Leafs organization how they would feel about their market share being cut.

They don't have a say. I believe you get 50 miles around your arena guaranteed (even if that overlaps). If you put the arena just outside 50 miles from the ACC you would get 70% of the population of the GTA and the golden triangle and the rest of southern Ontario, and you would cut off a reasonable chunk of the Leafs TV region from them (making it quite likely to get a reciprical agreement allowing both teams to show their games all across Ontario minus the Ottawa region).

25M+ is a large sum of money to waste acquiring properties at the Pens preferred site to start demolition in a month on the Pens timetable.

In other words, the city/county aren't going to let that money go to waste by not getting an agreement done.

Can the city not re-sell the land recoup their investment? I don't think that the city owning a piece of land makes an arena a sure bet, that is an easily sold asset.
 

Daniel Tolensky

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Oct 17, 2006
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I know this is a big longshot and sorry about posting a link from another hockey site but I thought that if hockey fans could come together like we did for Rory, we may be able to help sway Mark Cuban and keep the team in Pittsburgh.

(see HF policy on posting links to outside sources - in short, "no" if it's self-promotion.)
 
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Voda

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Jun 3, 2006
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Shades of the Expos...Sorry, but it's looks bleak.

bro, the expos in their final year in montreal would have made the playoffs had it not been for the strike. furthermore, despite having a good team, you were drawing what, 5,000 people in attendance on average? that may even be a stretch...

stop with the expos/pens analogies. it's night and day in terms of market support.
 

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