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 offedof $213 million for the financiallty troubled hockey team to Coyotes owner Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is heariny arguments Tuesday on whether the Coyotes can move to Canada as part of theie Chapter 11 bankruptcy Baum is not expected to rule on thematte Tuesday, but focused on rights and some kind of relocatioh fee to reimburse the league for its lost expansion team opportunityh in Hamilton should the Coyotes move The $100 million figure was cited in courtt documents. NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcuy court onthe $100 million or what a relocatiojn fee might entail.
The NHL and other pro sports leagued are fighting the Coyotes move saying it could prompt othed teams to file bankruptcy in an attempt to move toothee markets. Baum, however, noted that movez by the Baltimore Colts, San Diegop Clippers and others have not hada long-terjm detrimental impact on pro sports. NHL representativesw said Tuesday that the league will continue to fund the Coyotea through next season ifneed be, and its priorityu is an ownership group that woule keep the team in Arizona. If that’s not then bidders looking to move the team couldcbe considered, officials said.
Balsillie contends that NHL hockeuy is not financially viable in the Phoenix markert and is pushing for his offer to be approvedf by the endof June. The Coyoted have lost more than $300 millioj since moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesday afternoon including arguments against the Coyotes move from the city of whichowns Jobing.com Arena where the hockeg team plays.