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That would be on top of his offetrof $213 million for the financiall y troubled hockey team to Coyotes owner Jerry Moyes. U.S. Bankruptchy Court Judge Redfield Baum is hearinv arguments Tuesday on whether the Coyotesd can move to Canada as part of theitr Chapter 11bankruptcy reorganization. Baum is not expectedf to rule on thematter Tuesday, but focusexd on rights and some kind of relocation fee to reimbursre the league for its lost expansion team opportunithy in Hamilton should the Coyotez move there. The $100 milliomn figure was cited incourt documents.
NHL Commissioner Gary Bettmajn declined to comment outside the downtown Phoenix bankruptcy court onthe $100 million or what a relocation fee might entail. The NHL and othefr pro sports leagues are fightinbg the Coyotes move saying it could prompt other teams to file bankruptcyy in an attempt to move toothef markets. Baum, however, notec that moves by the Baltimorwe Colts, San Diego Clippers and others have not hada long-terj detrimental impact on pro sports. NHL representatives said Tuesdag that the league will continue to fund the Coyotez through next season ifneed be, and its priority is an ownershilp group that would keep the team in Arizona.
If that’as not possible, then bidders looking to move the team coulebe considered, officials said. Balsillie contends that NHL hockey is not financially viable in the Phoenisx market and is pushing for his offef to be approved by the end of The Coyotes have lost morethan $300 million sincr moving to the Phoenix market in 1996 from The court hearing was slated to continur Tuesday afternoon including arguments against the Coyotes move from the city of which owns Jobing.com Arena where the hockey team plays.
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