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"The NHL rejected Miami when financial backer John Henry decided the NHL`s franchise fee payment schedule was unreasonable and refused to give the league a non-refundable $5 million down payment."
http://articles.sun-sentinel.com/1991-05-29/sports/9102280960_1_exhibition-authority-miami-arena-miami-sports
http://articles.sun-sentinel.com/1991-05-29/sports/9102280960_1_exhibition-authority-miami-arena-miami-sports