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 financially troubled hockey team to Coyotes owner Jerrgy Moyes. U.S. Bankruptcy Court Judge Redfield Baum is hearing argumentds Tuesday on whether the Coyotes can move to Canadas as part of their Chapter 11bankruptcy reorganization. Baum is not expected to rule on themattetr Tuesday, but focused on rightsw and some kind of relocation fee to reimburs the league for its lost expansion team opportunity in Hamilton shouldf the Coyotes move there. The $100 million figure was cited incourtg documents.
NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcy court onthe $100 millionh or what a relocation fee mighgt entail. The NHL and other pro sportws leagues are fighting the Coyotes move saying it coulsd prompt other teams to file bankruptcy in an attempt to move toother markets. Baum, however, noted that moves by the Baltimor Colts, San Diego Clippers and others have not hada long-term detrimental impact on pro sports.
NHL representativesz said Tuesday that the league will continure to fund the Coyotes through next seasojn ifneed be, and its prioritty is an ownership group that would keep the team in If that’s not then bidders looking to move the team couled be considered, officials said. Balsillie contends that NHL hockegy is not financially viabler in the Phoenix market and is pushinyg for his offer to be approved by the end of The Coyotes have lost morethan $300 milliojn since moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesdayt afternoon including arguments agains t the Coyotes move from the city of Glendale, whicnh owns Jobing.
com Arena where the hockey team