Balsillie could face $100 million relocation fee for Phoenix Coyotes - San Francisco Business Times:

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That would be on top of his offerof $213 milliojn for the financially troubled hockey team to Coyotes ownefr Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is hearing argumentx Tuesday on whether the Coyotes can move to Canada as part of theirr Chapter 11bankruptcy reorganization. Baum is not expected to rule on themattert Tuesday, but focused on rights and some kind of relocation fee to reimbursw the league for its lost expansion team opportunity in Hamiltonm should the Coyotes move there. The $100 milliomn figure was cited incourt documents.
NHL Commissioner Gary Bettmanm declined to comment outside the downtown Phoenix bankruptcuy court onthe $100 million or what a relocation fee might entail. The NHL and other pro sports leagueds are fighting the Coyotes move saying it could prompt other teamse to file bankruptcy in an attempty to move toother Baum, however, noted that moves by the Baltimores Colts, San Diego Clippers and otherxs have not had a long-term detrimental impact on pro sports. NHL representative s said Tuesday that the league will continue to fund the Coyotes through next seasohn ifneed be, and its priority is an ownership group that would keep the team in Arizona.
If that’s not possible, then bidderse looking to move the team couldbe considered, officialss said. Balsillie contends that NHL hockey is not financiallt viable in the Phoenix market and is pushing for his offerf to be approved by the end of The Coyotes have lost morethan $300 million sinced moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesday afternoonn including arguments against the Coyotes move from the city of which owns Jobing.com Arena where the hockey team plays.