Balsillie could face $100 million relocation fee for Phoenix Coyotes - Los Angeles Business from bizjournals:

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That would be on top of his offeerof $213 million for the financially troubled hockey team to Coyotea owner Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is hearinv arguments Tuesday on whether the Coyotesx can move to Canada as part of thei r Chapter 11bankruptcy reorganization. Baum is not expected to rule on themattere Tuesday, but focused on rights and some kind of relocation fee to reimburse the league for its lost expansionb team opportunity in Hamilton should the Coyotea move there. The $100 million figur was cited incourt documents.
NHL Commissionee Gary Bettman declined to comment outside the downtowh Phoenix bankruptcy court onthe $100 milliomn or what a relocation fee might The NHL and othef pro sports leagues are fighting the Coyoteas move saying it could prompt other teams to file bankruptcgy in an attempt to move to otherf markets. Baum, however, noted that moves by the Baltimore San Diego Clippers and others have not hada long-termn detrimental impact on pro sports.
NHL representativesa said Tuesday that the league will continuew to fund the Coyotes through next seasom ifneed be, and its priority is an ownership group that would keep the team in If that’s not possible, then bidderws looking to move the team could be officials said. Balsillie contends that NHL hockey is not financiallyt viable in the Phoenix market and is pushingg for his offer to be approvecd by the endof June. The Coyotes have lost more than $300 millionj since moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesday afternoon including argumentz against the Coyotes move from the cityof Glendale, whichg owns Jobing.
com Arena where the hocke y team plays.