Hawker14
Registered User
- Oct 27, 2004
- 3,084
- 0
Scenario:
Jim Balsillie purchased the Pittsburgh Penguins out of bankruptcy in December '99 and operated the team in Pittsburgh until the Mellon Arena lease expiry in June '08.
Having fulfilled his 7 year non-relocate agreement, and not having a valid lease for his team to continue play, he applied for relocation to Hamilton. It was approved but with $175m in relocation/imdemnification fees to the NHL and the Maple Leafs.
Question:
Once Balsillie left Pittsburgh, would the NHL automatically own the rights to the Pittsburgh market again ? Or would Balsillie still have a claim to any expansion fees/relocation fees there ?
Jim Balsillie purchased the Pittsburgh Penguins out of bankruptcy in December '99 and operated the team in Pittsburgh until the Mellon Arena lease expiry in June '08.
Having fulfilled his 7 year non-relocate agreement, and not having a valid lease for his team to continue play, he applied for relocation to Hamilton. It was approved but with $175m in relocation/imdemnification fees to the NHL and the Maple Leafs.
Question:
Once Balsillie left Pittsburgh, would the NHL automatically own the rights to the Pittsburgh market again ? Or would Balsillie still have a claim to any expansion fees/relocation fees there ?