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I blame the whole cancel culture sprung from social media. People have been calling for Cherry's head for years. He's a very polarizing character.
IMO - He represented the "old school" Canadian hockey mentality. Sure he'd call players "chicken Swedes", "bums" or "jerks", but he also did a ton for junior hockey, player safety, animal rights, etc...
He makes a poorly stated comment about supporting veterans, and because it could be construed as being anti-immigrant, he's fired.
I also think Sportsnet has been having some financial difficulties and this was an easy way to get rid of his contract. (They gotten rid of a bunch of older, more expensive, personalities over the past year).
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