May 11, 2010, 11:30 PM EDT
Earlier tonight I shared a report that Ice Edge Holdings might not actually be all the way out of negotiations to own the Phoenix Coyotes. The saga continues tonight and this time around, there’s some more (potentially) good news for fans hoping the team stays put. Here’s the story from the Associated Press.
The Glendale city council is considering guaranteeing the NHL up to $25 million to keep the Phoenix Coyotes in Jobing.com Arena for the 2010-2011 season.
But city manager Ed Beasley and NHL deputy commissioner Bill Daly told the council that the sale of the Coyotes is expected to close by the end of June and that the payments may never be needed.
One other important nugget is that while Jerry Reinsdorf’s offer might be out of the running, the Chicago White Sox owner isn’t out of the potential owner picture altogether. TSN’s Bob McKenzie backed up this sentiment in this Tweet.
To little surprise, this matter is still murky to say the least. We’ll keep you updated as news filters in, even if the see-saw nature of the news almost makes the situation seem like a dog (or a Coyote?) chasing its own tail.
- Report: Plotnikov paid $500K to get out of KHL contract 12
- Philadelphia signs ’15 first rounder Provorov 10
- Brandon Saad brings championship experience to Blue Jackets 22
- Sharks sign Joel Ward to three-year deal 24
- Sabres lock up O’Reilly through 2022-23 73
- Locked in: Columbus signs Saad to six-year, $36M deal 27
- Oilers sign McDavid to entry-level contract 29
- ‘Hawks would like to re-sign Oduya, but still working through ‘financial hurdles’ 17
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick 73
- Voynov takes plea, gets 90 days in jail plus probation 66
- Blockbuster: Kessel traded to the Penguins (131)
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Trade: Jackets land Saad; Anisimov and Dano headed to Chicago (93)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick (73)