COURT RECORDS OFFER DETAILS ON POSSIBLE PENGUINS DRAFT

          The NHL has "devised a plan to auction off Penguins
     players should the bankrupt team have to be dissolved,"
     according to papers filed Monday in U.S. Bankruptcy Court
     and cited by Rich Lord of the Pittsburgh TRIBUNE-REVIEW. 
     Lord: "Such an auction, called a dispersal draft, would be
     important to the team's creditors because the money raised
     would go toward debt."  In a draft, the league office would
     "set a minimum bid for each player."  If only one team were
     willing to meet or exceed the minimum, that team would
     assume that player's contract.  If more than one team met or
     exceeded the minimum bid, those teams "would move to a
     second round."  The league would then set a "new minimum and
     again invite bids."  The process would continue "until only
     one team met or exceeded the minimum."  If "two or more
     teams bid on a player, but then no team meets the subsequent
     minimum bid, the player would go to whichever team had the
     worst record" (Pittsburgh TRIBUNE-REVIEW, 6/14).