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NHL receives a monster bid for the Ottawa Senators.
David Becker/Zuma 

NHL receives a monster bid for the Ottawa Senators.

The NHL sets a minimum asking price for the Ottawa Senators after a giant bid comes in.

Jonathan Larivee

The sale of the Ottawa Senators has been a big topic of discussion in and around the National Hockey League this season, and it sounds like things are getting very serious as we approach the latter stages of the bidding process.

On Saturday night, NHL insider Elliotte Friedman revealed more details about the pending sale, including the kind of numbers we are likely to see the team sold for when it is all said and done.

"The NHL announced this week that they are going into the next phase of the Ottawa Senators sale," said Friedman on Saturday night. "There were reports that there is at least 1 bid, if not more, above $900 million dollars."

While that is quite a bit of money, Friedman indicated that there are some who believe the top bid even managed to break the $900 million plateau.

"There are people who believe the top bid probably came in around $925 million," revealed Friedman on Saturday night.

The aggressive offers that have come in for the Senators also appear to have set the bar for the other hopefuls in this process, with Friedman indicating that $900 million may now be the minimum cost of doing business in this deal.

"It's very clear that if you weren't in and around that figure at the beginning, you better get into now," said Friedman.

"I think what the NHL, the Senators, and the group that is facilitating the sale have indicated that [$900 million] is gonna have to be where you get to if you wanna be a serious part of this ownership process."

All of the bids in this part of the process are non-binding and the NHL will do their due diligence in investigating the finances behind each of the serious offers they have received. That being said, it sounds like we are headed for a gigantic sale price for the Ottawa Senators.