Owners Must Say No to Balsillie

If you were an NHL owner, would you support Jim Balsillie’s bid to buy a franchise? He’s got a massive bank account, he’s passionate about hockey, and he has been trying to acquire his own team for many years now, so why wouldn’t you want him? The problem is that he doesn’t want to play by the rules. He is only willing to buy a team if he can move it to Hamilton, and he continues to try pursue every avenue to push this agenda.

While Gary Bettman and the NHL may seem misguided in their attempts to succeed south of the border, the league has a clear idea of where it would like to flourish. In the southern markets where it has had success, as in San Jose, Dallas, Minnesota – a strong fan base has developed. The teams are doing well financially and are a benefit to the league.

In 2005, Balsillie attempted to buy the Pittsburgh Penguins and many surmised that he intended to move the team to Hamilton. When the NHL stepped in to regulate the process, intending to negotiate the deal for a new arena in Pittsburg, and demanding the right to take over the team if necessary, Balsillie balked, walking away from his initial offer. Three years later, the Penguins won a Stanley Cup and Pittsburgh is once again a strong hockey market with a solid future ahead of it. Evidently, the NHL was correct in stopping Balsillie from taking control of the team and potentially alienating this solid fan base.

The league has many aspects to consider when it comes to adding a new team in Hamilton. One is the effect on current teams in the surrounding areas – Buffalo, Toronto, and Ottawa. Ontario can most likely support another NHL franchise, but it will not occur without affecting these teams.

For his part, Balsillie, is not taking no for an answer, and if you are an NHL owner or the Commissioner, that could be scary. If you’re one of 30 partners in a billion dollar company, do you really want one of your fellow associates to be someone who doesn’t follow rules, someone who does whatever he wants no matter how many feathers he ruffles? Sounds like a scary proposition to me, no matter how big his pockets are.