Originally Posted by chilly666
since when did owing almost $80 million in past due debt not qualify as being in trouble?
At least that clears up how they could sign Kovalchuk.
It's an unfortunate situation but not really that uncommon. The leagues loves to gloat and ramble on about how great the league is (financially) when there are more than a couple of teams in serious financial trouble. And I don't see that changing any time in the near future.