Archives for January 14, 2003

' The Sabres filed for Chapter 11 bankruptcy protection Monday in Buffalo, where the team is reorganizing its finances for prospective buyer Mark Hamister. On the ice, the team is playing its best hockey of the year.' … [Read more...] about Buffalo Sabres at Wild

'The NHL has been operating the Sabres since June, when owner John Rigas' Adelphia Cable empire imploded. The Sabres listed debts of more than $200 million, including deferred salaries to about half a dozen players and $750,000 to the city of Buffalo for ground rent at HSBC Arena.' … [Read more...] about Sabres Seek Protection in Chapter 11 Filing

So now, its official. The Buffalo Sabres have joined the Ottawa Senators in filing for bankruptcy protection. By doing so, they completed a double-dip that prompted National Hockey League commissioner Gary Bettman to engage in contortions of logic that were right out of the Monty Python witch debate. … [Read more...] about The Last Word

'Even if Bettman and the owners succeeded in gutting the National Hockey League Players' Association, it's hard to imagine a league salary cap being less than what the Sabres and the Senators are paying for talent right now. So where's the great saving?' … [Read more...] about Setbacks put Bettman on the power play

'The Sabres listed more than $200-million (U.S.) in debt, including $442,199 owed to the Vancouver Canucks and more than $300,000 owed to three players for deferred signing bonuses. The Canucks had no idea they were owed money and general manager Brian Burke spent yesterday trying to figure out what the money was for. A source said the debt could relate to a contract for … [Read more...] about Insolvency ignites dispute

While Perreault does not hold any front-office position with the club - hes a goodwill ambassador who makes 25 appearances a year on behalf of the club - he cannot help but feel the pain as the teams future hangs in the balance. He believes that in order for franchises like Buffalo, Ottawa and Calgary to survive, a salary cap must be put in place. … [Read more...] about Mr. Sabre would hate to see Buffalo lose team