Apr 28, 2011, 11:25 AM EST
The 2010-11 season might have left the City of Glendale feeling a bit bloated, but Rebekah L. Sanders of the Arizona Republic reports that they have until Monday to pay the bill. That means they’ll need to pay the NHL the $25 million they promised, although Sanders reports that the Phoenix Coyotes’ actual losses amounted to a whopping $36.6 million in the last eight months dating up to March.
I’ll just let you marinate in that figure for a moment: $36.6 million.
Sanders reports that the city promised taxpayers that they wouldn’t need to foot that $25 million bill since a new owner would take care of it, but the sale is obviously still in limbo.
Some people will jump to the conclusion that the “deadline” is now Monday, but if this twisted saga proves anything, it’s that there aren’t many clear answers to its many questions. The NHL might cut the City of Glendale a break (it is coming off a season of record-breaking projected revenues, after all) by giving them an extension, perhaps.
Who knows at this point, though. Yesterday’s big story was that the Winnipeg city mayor Sam Katz openly doubts that the Coyotes will move to his city because of the threat of a lawsuit. The potential sale of the Atlanta Thrashers also hangs in the balance of this mess, so there are two NHL franchises greatly affected by what shall occur in the next weeks/months.
Every time there seems to be a moment of clarity in this situation, the odds-on favorite scenario flips on its head. For that reason, we won’t forecast a winner; instead, we’ll just keep you up to date as the situation continues to change. Eventually we might even be able to discuss a resolution to the matter.
- Report: Salary cap ‘may be around’ $70 million next season 7
- TGIF: Five NHL games to watch this weekend 3
- Report: Laviolette a candidate to replace Capuano 17
- Sharks say Fleury was ‘shaky’ and ‘fighting it’ in 44-save victory 46
- Boychuk boarded by Pacioretty, taken off on stretcher (Update: has movement in extremities) 54
- Seguin (concussion) cleared to play tonight 0
- Bylsma: Sharks are NHL’s best, ‘with all due respect to Chicago’ 87
- Will the Rangers use a compliance buyout on Richards? 9
- Malkin (lower body) to miss tonight’s game versus Sharks 20
- Flyers’ Couturier: ‘We’re starting to believe in ourselves’ 59
- Bylsma: Sharks are NHL’s best, ‘with all due respect to Chicago’ (87)
- Flyers’ Couturier: ‘We’re starting to believe in ourselves’ (59)
- Boychuk boarded by Pacioretty, taken off on stretcher (Update: has movement in extremities) (54)
- Lehtonen shines, Roussel agitates as Stars beat ‘Hawks (53)
- Video: Canucks’ Bieksa fights Rangers’ Boyle, then kicks Boyle’s helmet (52)