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Despite reports that other bidders have been approved for the bankrupt Dallas Stars of the National Hockey League, including Dallas Mavericks owner and Forbes 400 member Mark Cuban and former Texas Rangers  owner Chuck Greenberg, the only bid for the hockey team has come from Vancouver businessman Tom Gaglardi.

The deadline for submitting applications to bid passed with the following offer from Gaglardi: $50 million cash to get rid of the debt at the Stars level. $100 million of paper to wipe out the Tom Hicks level debt which is about $260 million. The $100 million of paper will be reduced by $15 or $20 million (operating costs). The creditors also get about $70 million cash from the sale of the Texas Rangers that is yet to be distributed.

Gaglardi’s offer is for the Stars and half of American Airlines Center. The other 50% of the arena is owned by Cuban. Last December we valued the Stars at $227 million.

It is still possible for other bidders to emerge. The Stars will be sent through a prepackaged bankruptcy hearing before the sale is final. The bankruptcy trustee is charged with making sure that the bankruptcy plan is fair to creditors and it’s that judgment that will determine how quickly this team exits bankruptcy.

Not much else going on in the NBA world today.

DALLAS (CBSDFW.COM) – The Sporting News says we’re the number one sports city for 2011 and writer Matt Crossman says that’s because the Dallas Mavericks won the NBA Championship title.

Combine that with the Texas Rangers ride to the World Series in 2010 (and so far again in 2011, advancing to the ALCS) along with TCU winning the Rose Bowl and you’ve got the top sports city in the country.

Crossman says we’re number one despite the Cowboys being sub-par the year we hosted the Superbowl.

He also credits our sports success to Texas Motor Speedway, hosting both NASCAR and IndyCar races and the MLS Cup runner-up FC Dallas professional soccer team in Frisco.

Dallas beat out Boston, which won the Stanley Cup in 2011 for the top spot. Philadelphia is third, Chicago is fourth and New York is fifth.

Matt Crossman talks with KRLD’s Barbara Schwarz about the list

You can see the complete list of the Sporting News “Best Sports Cities” here.

(Editors note: We know that “Dallas” is more than just what the Sports Network thinks it is. It’s the entire Metroplex – including Fort Worth, Arlington, Frisco and all of the surrounding areas.)

What do you guys think about this.

ARLINGTON, Texas — Dallas Mavericks point guard Jason Terry is already training for next season, despite the uncertainty created by the NBA lockout.

Terry, the union representative for the NBA champion Mavericks, says he is very optimistic there will be a season, though he realizes the potential for a delay at the start.

Terry threw the ceremonial first pitch before the Texas Rangers game on Friday night. His high pitch was similar to one teammate Dirk Nowitzki threw at Rangers Ballpark four weeks earlier.

Nowitzki said this week that he will play for Germany at the upcoming European Championship when Olympic berths will be at stake. Terry says he cringed when he heard that but knows Nowitzki is looking to do something great for his country.

Not much else going on in the NBA world today.

ARLINGTON — Dallas Mavericks point guard Jason Terry is already training for next season, despite the uncertainty created by the NBA lockout.

Terry, the union representative for the NBA champion Mavericks, says he is very optimistic there will be a season, though he realizes the potential for a delay at the start.

Terry threw the ceremonial first pitch before the Texas Rangers game on Friday night. His high pitch was similar to one teammate Dirk Nowitzki threw at Rangers Ballpark four weeks earlier.

Nowitzki said this week that he will play for Germany at the upcoming European Championship when Olympic berths will be at stake. Terry says he cringed when he heard that but knows Nowitzki is looking to do something great for his country.

That’s all for today guys, i’ll be back to blog you tomorrow.

ARLINGTON, Texas (AP)—Dallas Mavericks point guard Jason Terry(notes) is already
training for next season, despite the uncertainty created by the NBA lockout.

Terry, the union representative for the NBA champion Mavericks, says he is
very optimistic there will be a season, though he realizes the potential for a
delay at the start.

Terry threw the ceremonial first pitch before the Texas Rangers game on
Friday night. His high pitch was similar to one teammate Dirk Nowitzki(notes) threw at
Rangers Ballpark four weeks earlier.

Nowitzki said this week that he will play for Germany at the upcoming
European Championship when Olympic berths will be at stake. Terry says he
cringed when he heard that but knows Nowitzki is looking to do something great
for his country.

That’s all for today.

ARLINGTON, Texas (AP)—Dallas Mavericks point guard Jason Terry(notes) is already
training for next season, despite the uncertainty created by the NBA lockout.

Terry, the union representative for the NBA champion Mavericks, says he is
very optimistic there will be a season, though he realizes the potential for a
delay at the start.

Terry threw the ceremonial first pitch before the Texas Rangers game on
Friday night. His high pitch was similar to one teammate Dirk Nowitzki(notes) threw at
Rangers Ballpark four weeks earlier.

Nowitzki said this week that he will play for Germany at the upcoming
European Championship when Olympic berths will be at stake. Terry says he
cringed when he heard that but knows Nowitzki is looking to do something great
for his country.

What do you guys think about this.