Going Bankrupt ... Again Filing for bankruptcy protection in the NHL is nothing new -- the Ottawa Senators and Buffalo Sabres became the third and fourth teams to go through the process during Bettman's reign. The Los Angeles Kings filed in 1995 in order to facilitate the sale of the team. The Pittsburgh Penguins filed in 1974 and again in 1998 before being bought by Mario Lemieux.

Though L.A. is considered a big market, the Kings were unable -- or unwilling -- to keep Rob Blake, and traded their captain to the Avalanche in February 2001.