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2004–05 NHL lockout

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    This proposed offer to purchase the struggling Phoenix Coyotes by Jim Balsillie may be a better possibility this time around. It may seem impossible to fathom another NHL club so close to its flagship franchise, the Leafs and the Buffalo Sabres, but it’s not jurisdiction that’s at the heart of the issue here.

    It’s the salary cap, revenue and a return to the dead puck era.