Skip to content

Pay what’s owed: City of Glendale reportedly pays NHL $25 million for Coyotes losses this year

May 3, 2011, 3:37 PM EDT

Comments Off
Jobing.com Arena

Say what you will about what’s going on with the Phoenix Coyotes and the City of Glendale but the one thing you can’t argue about is the ability of the City of Glendale to stand by their commitments to the NHL.

TSN’s Darren Dreger reports that the $25 million the city pledged to the NHL to help cover financial losses the team would incur this season in Glendale has been paid up to the NHL.

There’s not a lot to read out of this development other than Glendale can own up to their pledges of good faith. Of course, asking a city to hand out that much money to keep a team that continues to bleed money can be a bit of a sticking point for taxpayers in the City of Glendale if they were keeping up on all of these developments. I know I’d be concerned about these things if it was happening in my neighborhood, but I don’t so I’ll just take my opinion on this from the outside.

The City of Glendale had to make good on this though because that was all part of the deal, reneging on this deal wouldn’t exactly give the NHL proper motivation to want to help carve them out a deal somehow with Matthew Hulsizer while a potential buyer waits on the sidelines for the green light to cut a check to buy and move the team.

Things are long from over with this situation, but at least this is something that could be construed as good for things in Arizona in its own weird way.

Top 10 NHL Player Searches
  1. K. Hayes (1861)
  2. R. Johansen (1834)
  3. S. Crosby (1756)
  4. J. Spezza (1555)
  5. A. Ovechkin (1361)
  1. C. MacArthur (1330)
  2. J. Giguere (1301)
  3. D. Alfredsson (1263)
  4. R. Malone (1259)
  5. S. Mason (1225)