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FRANCHISE NEWS AND NOTES
Published July 5, 1995
The NHL has given the current owners of the Jets a deadline of August 18 to present a new ownership group for ratification (Minneapolis STAR TRIBUNE, 7/1)....The Knicks denied a request by the Heat to negotiate with Pat Riley concerning their head coaching vacancy. The Knicks' tampering case against the Heat continues (NEWSDAY, 7/1). ....Denver's NHL team will be introduced to the public tonight at a "Break the Ice Evening" (ROCKY MOUNTAIN NEWS, 7/5)....In St. Louis, Dan O'Neil reports that the Blues, as an organization, have "changed": "In the span of a few months, the boardroom Blues have gravitated toward the dark side" (ST. LOUIS POST-DISPATCH, 7/3)....In the latest edition of CRAIN'S CHICAGO BUSINESS, reports that the McCaskey's "may be better served selling a majority stake in the Bears to a deep-pocketed investor or corporation that can maximize the value of a major-market [NFL] franchise." David Snyder writes that the McCaskey family "does not have the financial muscle and acumen to remain a long-term player in big-time professional sports" (CRAIN'S CHICAGO, 7/3 issue)....A group of Gund Arena contractors wants the Cavaliers to pay more than $9M in outstanding bills owed by the agency which operates the arena. The contractors blame the team for driving Gateway into debt by demanding frills for which the agency had no money. By doing so, the contractors are charging that the Cavs committed fraud (AP/TACOMA NEWS TRIBUNE, 7/2).