Fanatics CEO Michael Rubin, a prominent minority owner of the Philadelphia 76ers, is selling his stake in the Harris Blitzer Sports & Entertainment company that owns the Sixers and New Jersey Devils, he announced Wednesday.

Rubin, who sources say holds a 10% equity stake in HBSE, is divesting his 11-year stake in the NBA and NHL franchises because of looming conflicts in the expansion of his Fanatics business into sports betting and individual player partnerships.

NHL commissioner Gary Bettman isn't sure if he'll be open to reinstating Joel Quenneville if the former coach asks to return to the league.

"I don't know. That's something I'll have to address with him directly," Bettman told ESPN's Jeremy Schaap on Friday's episode of The Point.

Now that the Arizona Coyotes have reached an agreement with the Tempe City Council to continue negotiations on a new arena and entertainment district in the Phoenix suburb, their team president and CEO, Xavier A. Gutierrez, says the next challenge is to clear up misconceptions about what is in the works -- and how the team plans to pay for it.

"The biggest [hurdle] honestly is to have people understand the project," Gutierrez told ESPN on Wednesday.  "There was a transparency clause that really prohibited us from speaking publicly [before a June 2 hearing]. We've been under wraps for so many months, and so now we're getting people comfortable. We're saying, 'We're going to pay for all of this.' And we have [been met with] some skepticism about that, but that truly is what we're proposing."

The NHL and NHL Players' Association officially announced that the salary-cap upper limit for the 2022-23 season is set at $82.5 million, the first time in three years it is increasing.

That's an increase of $1 million over the 2021-22 season. The salary-cap floor for next season will be set at $61 million.

The cap was stagnant for the past three seasons because of the COVID-19 pandemic's effects on league revenues.