Kukla's Korner Hockey
Law Is Clear Regarding Indemnification Fees
by Paul on 06/11/09 at 03:59 PM ET
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from David Shoalts of the Globe and Mail,
The NHL had better be careful on how much it demands in relocation and indemnification fees for the Phoenix Coyotes to move to Hamilton or it could be left empty-handed after a move is ordered by the courts, says an expert in sports economics and law from Stanford University.
Roger Noll, an economics professor at Stanford, said Thursday that indemnification fees, which would be paid to teams when another team enters its territory, are not allowed under U.S. law….
“I’m sure the NHL knows it’s on legally shaky ground,” Noll said, suggesting Daly’s talk of an indemnification fee was a negotiating ploy. “The NHL wants to get paid something. They want to have something to distribute to the other clubs as a result.”
Filed in: NHL Teams, Phoenix Coyotes, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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