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According to The Sportings News, our favorite mental midget made an astonishing $7.1 million in total compensation last year from the NHL… an increase of 27% over the previous year! This is while the league only had a 14.9 percent increase in revenue over the same year. The lockout and collective bargaining agreement sure worked wonders for his economic well-being!
All we can say is… bull!#$@ !!!!!!!!!!!!! Hopefully he uses all this money to buy a rocket to the moon and never comes back!!
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well, it’s a free country. If the NHL owners want to continue shooting themselves in the foot, they have the right to do so as long as they understand the consequences of their actions.
In any event, that’s why I’m no longer a fan of the NHL (I’m only following this Bettman thing because I want to learn how NOT to run a business). I watched a total of three games the past two seasons (Games 5 and 6 of the 2008 Finals and Game 7 of the 2009 Finals). Next season I don’t plan to watch that much either. I’m just sick and tired of how the NHL isn’t focusing their attention on bringing in new fans while at the same time, maintaining their old ones.
That’s the mark of a truly successful business: bringing in new customers while maintaining old ones. The NBA, NFL, European soccer, and several other sports leagues do this very well. Unfortunately for the NHL, they believe that they have the old fans in the bag and thus, they feel that can do whatever they want and not worry about losing fans.
Well stated, Al.
I haven’t watched since the Emperor’s last lockout, and haven’t spent a penny on NHL mechandise, I made a vow not to watch until both Bettman and Goodenow appologized to the fans for their childish behavior and both resigned (one down one to go).
this guy is ruining this league end of story.
ps.
does anyone know his true height?
i can’t find it anywhere. he looks
5′ 8″
As long as the owners feel Gary is doing a good job he will be commish. By the sounds of this compensation package they must be very happy! He’s going to have to die to be replaced.
Pope Gary the First!
Fauxrumours writes
“As long as the owners feel Gary is doing a good job he will be commish. By the sounds of this compensation package they must be very happy! He’s going to have to die to be replaced.”
If the owners feel that Gary is doing a good job, then they can deal with the consequences when people cut back or decide to stop watching hockey entirely. Players want to go back to the ESPN Networks while Hairy Buttman would prefer to stay on Versus & NBC? While we’re at it, Buttman wants to move the Coyotes not to Hamilton (who would sell out every night) but to Las Vegas (where it will be just like Phoenix -half empty arena, nobody really cares) or keep them in Phoenix (see note about Las Vegas above) What great business sense you have there Gary to improve hockey and grow the game. NOT
Get rid of Bill Daly, Colin Campbell AND Fire Bettman before the NHL is ruined forever.
Fauxrumors Jul 20th, 2009 at 9:53 am
He’s going to have to die to be replaced.
Hopefully that can be arranged, and soon!
Here is one thing that I has occupied my mind whenever I think about this situation. In an article in TSN, the Coyotes only made $58 million in revenue but had a net loss of $67 million last season. That means that in order for them to break even they have to generate at least $125 million. No NHL team is capable of that (well, maybe Toronto can). But definitely not Phoenix!
Another thing about the Coyotes’ net loss is that why is Bettman fighting so hard to keep the team in Phoenix but didn’t do so in Winnipeg and Quebec City. Sure, you can say that the Jets and Nordiques lost money, but those teams, if I remember correctly, each lost around $10-$20 million per season back in 1996. Taking inflation into account, that is $27 million in 2008 money, far less than the $67 million that the Coyotes lost. Sure…hindsight is 20/20, but the fact is that Bettman had a better thing going in Winnipeg and Quebec City and that if he is man enough to admit his mistakes, the league will be in much better shape.
Do you guys think he’ll take on Phoenix as his next Pet-Project in the NHL? After all, he’s rescued Pittsburgh enough times they should be set now for at least four years before they go bankrupt again.
http://www.cbc.ca/sports/hockey/story/2009/07/29/sp-coyotes-balsillie-reinsdorf.html
The NHL’s board of governors unanimously rejected Jim Balsillie’s application to become owner of the Phoenix Coyotes on Wednesday, while unanimously approving a bid by Jerry Reinsdorf.
A proposal by a third group was deemed “incomplete.” But Ice Edge Holdings was encouraged to continue with the application process.
The board of governors’s executive committee convened Wednesday’s meeting in Chicago to evaluate each group’s bid for the Coyotes, who were taken into Chapter 11 bankruptcy on May 5 by current owner Jerry Moyes.
NHL commissioner Gary Bettman said the process was necessary to comply with the league’s constitution and bylaws and an order by U.S. Bankruptcy Court Judge Redfield T. Baum.
“We will so advise the bankruptcy court and we will move this process forward,” Bettman said.
Reinsdorf, who owns the NBA’s Chicago Bulls and baseball’s Chicago White Sox, has offered $148 million US for the Coyotes and wants to keep the team in Phoenix.
Balsillie — the co-CEO of BlackBerry maker Research in Motion — has offered $212.5 million, but the bid is conditional on the Waterloo, Ont., billionaire’s being allowed to move the team to Hamilton.
The NHL has submitted to the bankruptcy court that only a professional sports league can determine the location of its franchises and that owners must be approved by the league’s board of governors. Bettman, though, said that issue wasn’t the focus of Wednesday’s hearing.
“This had nothing whatsoever to do with the relocation issue,” Bettman said. “All that was considered was the suitability of the applicants of the owners.”
“The criteria set forth in the [NHL] constitution and bylaws relates to financial wherewithal, character, integrity and the view whether or not the other owners would deem you a good partner.”
Decision coming Aug. 5?
A spokesman for Balsillie said Wednesday’s decision wouldn’t stop his pursuit of the Coyotes, whose future could be determined next week in an Arizona courtroom.
“We do not think that Jim Balsillie’s qualification to be an NHL owner is an issue in this case given his 2006 approval as an NHL owner,” Balsillie’s spokesman Bill Walker said in a statement.
Balsillie was approved as an owner of the Pittsburgh Penguins in 2006, but he backed out of the deal when the league tried to put restrictions on his ownership, including a provision that would have blocked him from moving the team.
Ice Edge Holdings wants to keep the Coyotes in Arizona while playing “a limited number of home games a year in a chosen Canadian sister city.”
The group includes Coyotes minority owner John Breslow among its investors. One of the key figures is Anthony LeBlanc, a former Research in Motion executive.
An auction for bidders seeking to keep the team in Arizona is scheduled for Aug. 5, provided the judge finds the bids satisfactorily meet the demands of the team’s creditors.
If not, it is conceivable that bids seeking to relocate the franchise would be allowed.
These jokers want to keep a failing team in Phoenix as opposed to relocating the Coyotes to Hamilton where the franchise will be successful? Oh I forgot, this is the NHL and Gary Bettman (aka fuckface) we are talking about here. Hopefully Phoenix continues to struggle on the ice and in a couple of years when the shit starts to hit the fan, NHL owners finally come to their senses and get rid of Bettman, Bill Daly, and Colin Campbell who are nothing but a bunch of dimwitted shit for brains who have ruined hockey and as far as their efforts are concerned… these three ass clowns deserve to rot in hell for their fraudulent ways and overall stupidity which will continue to be exposed by the media and every hockey fan on a daily basis. Let’s all hope that by a massive landslide the players win the next labour dispute and as a result Bettman finally does what he should have done long ago: resign
Latest development on the Phoenix Coyotes:
http://www.cbc.ca/sports/hockey/story/2009/08/04/sp-coyotes-moyes.html
Phoenix Coyotes owner Jerry Moyes must appear before an Arizona bankruptcy judge on Wednesday to show why he shouldn’t be held in contempt of court for disclosing information about one of the bids for his financially troubled team.
Judge Redfield T. Baum issued the order on Tuesday, a day after the City of Glendale – where the Coyotes play – asked for Moyes and his lawyers to be held in contempt for violating the judge’s confidentiality order by revealing some of the concessions being sought from the city by a potential ownership group headed by Jerry Reinsdorf.
Moyes’ filing last Friday included details of negotiations between Reinsdorf and Glendale.
Reinsdorf has asked for a special taxing district to be created near Glendale’s Jobing.com Arena that would pay the new owners as much as $23 million US next year. And if the team was still losing money after five years, Glendale would have to pay Reinsdorf $15 million for each year of losses or allow the team to be sold and moved without penalty.
Glendale claimed in a declaration filed Monday that the disclosure of this information damaged the city’s attempts to negotiate a lease for Jobing.com Arena with both Reinsdorf and Ice Edge Holdings, another group interested in buying the Coyotes and keeping them in Phoenix.
“Glendale is absolutely outraged that Moyes and the Jennings Strouss firm would intentionally disclose confidential information produced in discovery and willfully violate the court’s confidentiality order,” the city said in the document.
There is no indication that Glendale officials have agreed to those financial incentives, although Glendale lawyers said in court documents last week that the city was “very close to a definitive agreement” that would include “strong economic essentials.”
On Monday, Glendale lawyers raised the possibility that the disclosures about the negotiations would chill local offers. At the moment, Reinsdorf’s $148-million offer is the only official local bid. Ice Edge is still ironing out its proposal.
“The Reinsdorf group is rightfully upset because the terms with Glendale concern economic issues which it is seeking to resolve in making its bid,” the city’s lawyers said in court filings. “If the bidders walk away from this Glendale sale process, the damage caused by the disclosure will be staggering for Glendale.”
Canadian billionaire Jim Balsillie has offered $212.5 million on the condition that he be allowed to move the team to Hamilton.
Moyes, who took the Coyotes into Chapter 11 bankruptcy in May, wants to sell the team to Balsillie. But the NHL, which has been funding the club, wants the team to stay in Arizona where it has lost tens of millions since moving from Winnipeg in 1996.
Baum decided on Monday to delay an auction for local bidders until Sept. 10 — the same day as an auction for Balsillie and any other bidders interested in moving the team if a local bid isn’t accepted.
More news on the Phoenix Coyotes
http://www.cbc.ca/sports/hockey/story/2009/08/05/balsillie-bankrupt.html
Jim Balsillie’s attempt to buy the Phoenix Coyotes and relocate them to Hamilton, Ont., may not be dead yet.
An Arizona judge decided Wednesday to allow “any and all bidders” to be involved in a court-ordered auction for the bankrupt National Hockey League team on Sept. 10.
Previously, only bidders who were willing to keep the club in the desert were to be involved.
Balsillie, a Canadian billionaire businessman, has offered $212.5 US million for the team on the condition it be allowed to move to Hamilton.
But the NHL, which has been funding the club, wants the team to stay in Arizona where it has lost tens of millions since moving from Winnipeg in 1996.
Baum, who acknowledged that “this decision probably expands the issues for the auction,” called a hearing for next Monday to deal with any possible arguments from all sides as to how the case should proceed.
Reaction to Baum’s decision from Balsillie’s spokesman was swift.
“As the only bidder with a firm offer before the bankruptcy court to purchase the Phoenix Coyotes, we obviously agree that Jim Balsillie belongs in the Sept. 10 auction,” said Bill Walker.
“From the time his bid was launched, Jim Balsillie has said that all he is asking for is a chance to bid for the Coyotes at auction through the bankruptcy court process on a level playing field and let the best bid win.”
The statement went on to say Balsillie believes his bid will emerge the winner “because it offers the best financial terms and the most solid hockey market in Hamilton.”
It was a busy Wednesday for judge Baum who earlier had delayed a hearing on whether to hold current Coyotes’ owner Jerry Moyes in contempt of court for disclosing information about one of the bids for the team last week.
Moyes’ attorneys said the disclosure was inadvertent.
Last week the NHL’s board of governors had unanimously approved an offer by Jerry Reinsdorf of $148-million US to buy the Coyotes and unanimously rejected Balsillie’s offer, one that is contingent on the club moving back to Canada.
The league’s position all along has been that only a professional sports league can determine the location of its franchises and that owners must be approved by the league’s board.
Reinsdorf’s group, headed by the owner of basketball’s Chicago Bulls and baseball’s Chicago White Sox, wants to keep the team in Arizona.
Another pending offer is from the group Ice Edge Holdings that would also keep the club in Phoenix.
GO JIM GO