Feb 25, 2012, 7:15 PM EDT
While the rumors about the potential sale of the Phoenix Coyotes roll on, the reality of the situation in Glendale, Arizona remains as uncomfortable as ever.
A report from Cecilia Chan of the Arizona Republic says that the City of Glendale is trying to figure out how to pay the remaining $5 million they owe to the NHL to help cover losses the franchise will incur this season. The city needs to find somewhere in the budget for that money by the end of April when payment is due to the league.
This is a new twist on what is an uncomfortable situation in the desert. Figuring out a city budget to cough up the funds needed to cover money lost means there’s city money not going to cover other needs in Glendale, something that doesn’t sit too well with some citizens and members of the city council.
Depending on what happens with the potential sale to Greg Jamison, the city may have to consider paying another $25 million again next season to make sure the team stays in Glendale for another year. For now, this story is just another sign that while the team is hot and winning on the ice, worries off of it aren’t going away.
- Leafs hire 28-year-old stats advocate as assistant GM 12
- NBC Sports to air over 100 NHL regular-season games in 2014-15 23
- Stars, Roussel agree on four-year, $8 million deal 0
- Vanek connected to federal gambling investigation 55
- Return that toaster: Ovechkin-Kirilenko engagement broken off 52
- Report: Leafs sign Franson to one year, $3.3 million deal 8
- Report: O’Reilly wants $6.7M deal, Avs counter at $5.5M 54
- Report: Blue Jackets, Johansen make ‘significant progress’ toward deal 5
- Red Wings unveil plans for new arena, look to open in 2017 57
- Columbus trying to figure out ‘the right thing to do’ with Johansen 39
- Kane, Toews could’ve commanded $13.8M cap hits, says agent (83)
- Babcock fires back over allegations that free agents avoid him (77)
- Babcock: Cleary a ‘calculated risk’ after playing last year ‘on one leg’ (70)
- Report: Zuccarello wants $4.5M per on new deal, Brassard eyeing $5.5M (58)
- Lucic regrets handshake-line actions, but isn’t apologizing (58)