Skip to content

Darin Pastor wants to know why his offer to buy the Coyotes was rejected

May 22, 2013, 2:47 PM EDT

Shane Doan Getty Images

You may recall last week when the NHL rejected an offer from California businessman Darin Pastor to purchase the Phoenix Coyotes from the league and keep them in Glendale.

“The offer is not one that the NHL is interested in pursuing, and we have informed Mr. Pastor of that,” deputy commissioner Bill Daly said, per Patrick Caisse of TVA Sports.

But in an interview with the Peoria Times, Pastor said he hasn’t heard why his bid was shot down.

“We offered $277.5 million and I can’t even get a call back,” he said.

A couple of things about Pastor’s offer may explain why the league was cool to it.

First, the purchase price was to be paid over 15 years.

“Knowing the financial situation of the team, and our transaction, our offer was for 15 years so that we can make a prudent situation that allows a positive cash flow, and lets us sign free agents,” Pastor said. “If you spend all this money on a team, but then have no money to run it, what would be the point?”

Second, there was an out clause that would allow Pastor to explore relocation after three to five years.

“The out clause is based on a standard operating procedure, but I also have a clause in there where I can purchase the arena,” Pastor said. “The fact that we are not looking to just manage, but acquire the arena, that shows that the out clause is just a standard business practice. You can’t move an arena once you own it.”

Related: What does the future hold for Dave Tippett?

  1. windmiller4 - May 22, 2013 at 3:01 PM

    Looks like one more thing you can add to the list of stuff bettman has screwed up

    • hockeyflow33 - May 22, 2013 at 3:04 PM

      Why? The NHL isn’t being made whole on the sale for 15 years. An untold number of issues can arise during that time period.

      • windmiller4 - May 22, 2013 at 3:09 PM

        It seems that the NHL finally found someone who’s interested, and shot him down pretty quickly. There probably is other factors im unaware of, but when this guy says he cant even get a call back then it shows the leagues lack of willingness to negotiate. They could change the length of the deal, or try to negotiate in some way to get the deal done. Unless they have other prospective buyers lining up this seems like a poor decision to me. Why have an option if youre not gonna explore it to its fullest extent?

      • hockeyflow33 - May 22, 2013 at 3:11 PM

        Because his offer is insulting. He’s only paying $18.5m to buy the team and if everything goes smoothly the league receives that amount for the next 14 years.
        Pastor is either extremely arrogant or incredibly stupid to think this is an actual offer.

      • windmiller4 - May 22, 2013 at 3:18 PM

        Maybe its a negotiation tactic. Unfortunately thats how negotiating seems too go, you both throw out terrible proposals knowing they’ll be rejected, only so you can eventually meet in the middle. Remember during the early stages of the CBA negotiations the NHL kept throwing out incredibly cheap, lopsided proposals? Maybe Pastor was doing the same and the NHL didn’t wish to attempt a negotiation. If that was the case, wouldn’t that make the NHL extremely arrogant or incredibly stupid?

      • hockeyflow33 - May 22, 2013 at 3:32 PM

        No because the NHL has the commodity and is under no pressure to sell the team for a loss.

  2. desertfan - May 22, 2013 at 3:10 PM

    Guys a flake ala McNall- all flash no cash!!!

  3. tmoore4075 - May 22, 2013 at 3:12 PM

    I’m guessing the being paid over 15 years is the biggest thing. They want that $170mil they paid for it now most likely. The out-clause probably didn’t help, since I’m guessing the NHL wants a 100% guarantee the new owner is gonna stay put. Yes I understand what he said about buying the arena and everything, but there is still a chance he could up and move them and the NHL doesn’t want that. They want assurances and control. If the team, or any team, is moving they want to control that.

  4. Stiller43 - May 22, 2013 at 3:24 PM

    “The out clause is based on a standard operating procedure, but I also have a clause in there where I can purchase the arena,”

    If he has enough dough to buy the arena, methinks he has enough to buy the team whole right now and still sign a FA or two.

  5. tmoore4075 - May 22, 2013 at 3:24 PM

    Since I can’t reply to windmiller4 I have to post down here. Is it arrogant or stupid for the NHL to do that? No not at all. They bought the team for $170mil and promised the owners they wouldn’t lose any money. So they want that $170mil guaranteed. 18.5mil a year with a chance to leave after 3-5 isn’t a way to win them over. They aren’t taking a lesser deal when they can easily get that $170mil from a pace like Quebec City.

  6. ibieiniid - May 22, 2013 at 3:58 PM

    yooooo where’s all of the PHT comment section’s resident lawyers that showed up during the lockout and disappeared when it was resolved?

    LAWWWW TEAM ASSEMBLEEEEEEEEEEEEE!

    • axisofweasels - May 22, 2013 at 5:48 PM

      best. comment. evar.

      • ibieiniid - May 23, 2013 at 8:57 AM

        why thank you sir

  7. pavelfitzgerald - May 22, 2013 at 7:21 PM

    The league has to be close to wanting north of $225 NOW for the team, not later. Let’s not forget that (just like every year before the league owned them) this team has lost money every year the league’s owned them. So to break even, they need what they paid for it PLUS the loss from the last 2 or 3 years they’ve owned them

  8. mathieug79 - May 23, 2013 at 7:20 AM

    NHL wake up! (J.R) move the franchise to a city where they want a team.

  9. 2qswing - May 23, 2013 at 8:51 AM

    tmoore and others,
    Regardless of what you think of the terms of the offer, the guy at least deserves a phone call for an explanation. He should not discover these things through the media from Bill Daly. NHL might have told him he was rejected, but you didn’t tell him why. Maybe he can sweeten the offer. The league’s treatment of this offer may even discourage others. NHL looks arrogant and Bush-league here.
    Pick up the friggn’ phone and talk to the guy.

Sign up for Fantasy hockey

Top 10 NHL Player Searches
  1. S. Crosby (2344)
  2. E. Malkin (2327)
  3. R. Johansen (2114)
  4. G. Nyquist (2004)
  5. J. Drouin (1964)
  1. F. Forsberg (1911)
  2. J. Harding (1866)
  3. C. Giroux (1784)
  4. P. Datsyuk (1756)
  5. F. Andersen (1627)