The NHL praised the judge's decision and said it is pursuing a buyer who would keep the team in Arizona. Balsillie's representative Richard Rodier painted the ruling as nothing more than a minor setback.
Rodier said Balsillie would either amend his bid or submit a new one, pending talks with Coyotes owner Jerry Moyes . Balsillie insists the sale still can be completed and the team moved in time for next season.
Rodier said Balsillie wants to enter mediation with the NHL to resolve the case by determining a relocation fee. The league didn't immediately respond to the proposal but has insisted it wants the team to stay in Arizona.
The NHL was left to find someone to buy the franchise and keep it in Glendale, where it has lost $36 million each of the past three years. The name most often mentioned is Jerry Reinsdorf, owner of the Chicago White Sox and the Chicago Bulls.
WILD: Todd Richards has returned home to coach the Wild, and the Minnesota native brings with him the promise that the team will play a more exciting, up-tempo style.
He also carries the humility of a playing career consisting of eight NHL games -- and a dozen years in the minor leagues. His limited NHL coaching experience was far less important to new Wild general manager Chuck Fletcher than philosophy, intuition, and personality.
Richards, who has spent a season as an assistant coach with the San Jose Sharks, was introduced as the second head coach in the franchise's nine-year history, completing a new power structure that began with Craig Leipold's purchase of the team 11/2 years ago.
BRUINS: General manager Peter Chiarelli received a four-year extension on top of the one season left on his original four-year deal.
Claude Julien also is expected to get an extension after two seasons as coach.