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Report: NHL sets huge price-tag for Coyotes relocation fee

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TSN.ca Staff
9/6/2009 10:38:38 AM
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If Jim Balsillie hopes to bring the Phoenix Coyotes to Hamilton, he is going to have to pay dearly for it.

The Toronto Star is reporting that the NHL has set the price-tag for relocation between $101 million and $195 million in documents filed to an Arizona bankruptcy court that is currently considering bids by Balsillie's PSE Sports and Entertainment, Ice Edge and the NHL itself.

Just one week ago, PSE filed a study of their own that concluded a relocation fee for the Coyotes would be between $11.2 million and $12.9 million. 

Documents filed by the NHL state: "the methodology used by PSE's expert, Dr. Andrew Zimbalist, in calculating a relocation fee range of $11.2 million to $12.9 million does not pass muster." The documents also add "the notion that a team in Hamilton would be worth only $11.2 million to $12.9 million more than a team in Phoenix is patently absurd."

Balsillie and Bettman (Photo: TSN.ca)

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(Photo: TSN.ca)
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