TSN: Senators lose 1st round pick in '24, '25 or '26 as penalty for Dadonov fiasco

[Sens of Anarchy]

Anyone subscribe to this?

What does it actually say. I see the catchy headline . Does it say there was a specific clause or is it more the price tag was sufficient to represent the clause?


Note: I tried this from twitter and there was a paywall. Other people mentioned it in the thread as well. Nice there is none here .. not sure how it happened but nice.

 

[Micklebot]

Anyone subscribe to this?

What does it actually say. I see the catchy headline . Does it say there was a specific clause or is it more the price tag was sufficient to represent the clause?

Huh, it's not paywalled for me,

"The NHL held multiple days of in-person hearings last year to collect information from all three teams about the mishap and how each team was affected. At the time, Melnyck’s estate was in the early stages of the sale process. In its punishment last week, the NHL said the Senators would have to forfeit a first-round pick in either 2024, 2025 or 2026, at the discretion of the team. While the purchase agreement makes it clear that the Senators losing picks was at least part of the discussion during the NHL’s hearings, it’s unclear how the league or the sellers represented that risk verbally during the sale process. The two sides eventually negotiated an indemnification clause that specifically matched the Knights’ claimed financial damages but did not cover anything related to the loss of draft picks. ("

 

[Mingus Dew]

So we can put to bed that the NHL left Andlauer out of the loop eh.

I'm a layman, but this means that the Melnyk estate will be the ones paying for whatever the agreed upon financial valuation of the 1st round pick is, no?

Yes, but high six figure cap on the indemnity is a joke and means they told him it was a minor issue.

Indemnity means that the seller agrees to cover the buyer’s losses arising from a particular fact known at closing.

There might be other misrepresentation claims coming if the Sens downplayed the severity and repped to that in the contract. But the parties would have purchased insurance to cover a misrep, most likely.

To make it more interesting, insurance won’t cover a misrep arising from seller fraud or willful misconduct.

Popcorn ready.

Edit: looks like the indemnity was meant to cover a situation where the Knights went after the Sens. Definitely didn’t have the full story.

 

[Sens of Anarchy]

Huh, it's not paywalled for me,

"The NHL held multiple days of in-person hearings last year to collect information from all three teams about the mishap and how each team was affected. At the time, Melnyck’s estate was in the early stages of the sale process. In its punishment last week, the NHL said the Senators would have to forfeit a first-round pick in either 2024, 2025 or 2026, at the discretion of the team. While the purchase agreement makes it clear that the Senators losing picks was at least part of the discussion during the NHL’s hearings, it’s unclear how the league or the sellers represented that risk verbally during the sale process. The two sides eventually negotiated an indemnification clause that specifically matched the Knights’ claimed financial damages but did not cover anything related to the loss of draft picks. ("

Yah weird I tried this from Twitter when I saw it and it was paywalled .. the one posted here isn't

 

[Golden_Jet]

Anyone subscribe to this?

What does it actually say. I see the catchy headline . Does it say there was a specific clause or is it more the price tag was sufficient to represent the clause?

I don’t subscribe, I just clicked on the link and it opened.
There was a clause.

The purchase agreement includes a specific section related to the NHL’s investigation into the Dadonov incident, said the person, who was granted anonymity because the details are private. The high-six figure amount, which the sellers agreed to indemnify the buyer in the event of punishment, matches exactly the financial losses that the Vegas Golden Knights claimed to have suffered because of the trade mishap, the person said. The document also says that the Knights were seeking multiple Ottawa draft picks, including a first rounder, as an additional penalty.

 

[Mingus Dew]

If that’s truly what the indemnity says then Andlauer’s main concern was a claim for damages from Vegas. For whatever reason he wasn’t looking to cover for the loss of Sens draft picks.

 

[Sens of Anarchy]

If that’s truly what the indemnity says then Andlauer’s main concern was a claim for damages from Vegas. For whatever reason he wasn’t looking to cover for the loss of Sens draft picks.

Bettman back doored this with a stiff penalty. Now that I see that there was some $ protection on the issue ... it seems like a knife in the back to me even though there was no specific protection from losing picks

 

[Mingus Dew]

Bettman back doored this with a stiff penalty. Now that I see that there was some $ protection on the issue ... it would seems like a knif in the back to me even though there was no specific protection from losing picks

Maybe. We'll see what happens.

We could see a legal claim against the NHL or the Sens if it looks like information was knowingly withheld or misrepresented.

Might have to happen outside the contract if there's no specific seller rep.

 

[Sens of Anarchy]

Maybe. We'll see what happens.

We could see a legal claim against the NHL or the Sens if it looks like information was knowingly withheld or misrepresented.

Might have to happen outside the contract if there's no specific seller rep.

Would take some discovery that there was knowledge of the penalty ... could be tough

 

[Mingus Dew]

Would take some discovery that there was knowledge of the penalty ... could be tough

Well Andlauer can sue to get discovery. He certainly has the money to bankroll it for a year or two to see what the NHL and the Sens have.

 

[Flamingo]

He said he was aware of it in the presser, nothing changes with this.

The NHL still took way too long to go from investigation to ramifications, and Andlauer was still mislead in terms of the potential severity. The NHL may not be the ones responsible for advising him on how serious the potential ramifications would be but they likely knew what VGK were asking for, did they let the sens know that, and just expect them to be truthful, seems ironic that they are punishing the team for not disclosing info, then expecting that same team to truthfully disclose info to a potential buyer, meanwhile delaying the outcome of the investigation until after the sale.

I really don't think this makes the NHL look any better,

Nor Vegas, whose motivation was purportedly to fix their image as a team that is mercenary in its treatment of players. Foley and McCrimmon look really petty, imo.

 

[Sens of Anarchy]

Mornings Hour 4

KISS concert, who takes the blame for the Senators slow start, getting the "bounces" and interesting twist in the Senators and Evengii Dadonov story.

www.tsn.ca

some discussion 23:40

 

[Mingus Dew]

Nor Vegas, whose motivation was purportedly to fix their image as a team that is mercenary in its treatment of players. Foley and McCrimmon look really petty, imo.

I don’t really think Vegas looks bad here. Maybe a little bloodthirsty but they did nothing wrong.

 

[Flamingo]

I don’t really think Vegas looks bad here. Maybe a little bloodthirsty but they did nothing wrong.

I think they look bad. Overly litigious, and petty considering how well they were treated with the entry draft. But ymmv.

 

[Mingus Dew]

I think they look bad. Overly litigious, and petty considering how well they were treated with the entry draft. But ymmv.

I get the sense Vegas thinks this was an intentional attempt to mislead and f*** them over, rather than an honest mistake. I tend to agree with them.

 

[Very Stable Genius]

Anyone subscribe to this?

What does it actually say. I see the catchy headline . Does it say there was a specific clause or is it more the price tag was sufficient to represent the clause?


Note: I tried this from twitter and there was a paywall. Other people mentioned it in the thread as well. Nice there is none here .. not sure how it happened but nice.
View attachment 766098

Copy and paste paywalled articles here:
https://archive.ph/

 

[Micklebot]

Yah weird I tried this from Twitter when I saw it and it was paywalled .. the one posted here isn't

Ya, I'd paywall access directed from twitter if I were them, twitter has been pissing me off with the changes they're making. Have to log in just to see a timeline???

 

[Mingus Dew]

Ya, I'd paywall access directed from twitter if I were them, twitter has been pissing me off with the changes they're making. Have to log in just to see a timeline???

That's what happens when a major media platform is bought so it can be transformed into a propaganda machine for an insecure billionaire, alas.

 

[NHL Dude 120]

Anyone subscribe to this?

What does it actually say. I see the catchy headline . Does it say there was a specific clause or is it more the price tag was sufficient to represent the clause?


Note: I tried this from twitter and there was a paywall. Other people mentioned it in the thread as well. Nice there is none here .. not sure how it happened but nice.
View attachment 766098

here you go buddy

Andlauer’s Senators Buy Included Protection From Dadonov Fallout

During his takeover of the Ottawa Senators earlier this year, Michael Andlauer and his lawyers negotiated a high six-figure indemnification clause to mitigate possible punishment related to the tea…

web.archive.org

 

[Cosmix]

Andlauer should sue them first in La Belle Langue and then in English

Right - Make them pay it back twice!

 

[Big Muddy]

That's what happens when a major media platform is bought so it can be transformed into a propaganda machine for an insecure billionaire, alas.

Internet & many social media websites are kind of a "wild west" situation. The trillion dollar companies are buying too many things these days. Not sure that's in the best interest of the masses.

 

[Cosmix]

He said he was aware of it in the presser, nothing changes with this.

The NHL still took way too long to go from investigation to ramifications, and Andlauer was still mislead in terms of the potential severity. The NHL may not be the ones responsible for advising him on how serious the potential ramifications would be but they likely knew what VGK were asking for, did they let the sens know that, and just expect them to be truthful, seems ironic that they are punishing the team for not disclosing info, then expecting that same team to truthfully disclose info to a potential buyer, meanwhile delaying the outcome of the investigation until after the sale.

I really don't think this makes the NHL look any better,

I am a little confused. Ottawa forfeits a first round pick in one of the next 3 drafts. I thought Vegas gets the satisfaction of seeing the NHL punish Ottawa for harming Vegas. Vegas gets nothing of real value. or do they get something?

Internet & many social media websites are kind of a "wild west" situation. The trillion dollar companies are buying too many things these days. Not sure that's in the best interest of the masses.

What is in the best interest of the masses is not of interest to rich and powerful people.

 

[Sens of Anarchy]

I am a little confused. Ottawa forfeits a first round pick in one of the next 3 drafts. I thought Vegas gets the satisfaction of seeing the NHL punish Ottawa for harming Vegas. Vegas gets nothing of real value. or do they get something?

Only the satisfaction that Ottawa was punished. Ottawa deserved to be punished. A 1st is a BIG punishment the league laid down, when Andlauer had some protection against a monetary penalty.

 

[Cosmix]

Only the satisfaction that Ottawa was punished. Ottawa deserved to be punished. A 1st is a BIG punishment the league laid down, when Andlauer had some protection against a monetary penalty.

Vegas seems to have been saying they suffered a loss financially. I wonder if Vegas gets compensated by the NHL. I suspect some secret deals have been made.

 

[Relapsing]

It’s been three months now….
View attachment 766712


Prior to being bought, Twitter was already a propaganda machine, so why is anything different now?

Have you not been paying attention to who and what musk is?