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Columnist: Coyotes sale doesn’t mean they’ll be in the desert for long

May 7, 2012, 5:09 PM EDT

Coyotes versus Blackhawks at Jobing.com Arena Getty Images

Long-suffering Phoenix Coyotes fans have two big reasons to be excited prior to tonight’s game at Jobing.com Arena.

First, their team is one victory over Nashville from reaching the conference finals.

Second, NHL commissioner Gary Bettman is expected to announce that a tentative agreement to sell the club to Greg Jamison has been reached.

But one columnist, Ken Campbell of The Hockey News, has no problem raining on the parade.

If only it were that easy. In fact, the prospective sale of the Coyotes might be nothing more than a shell game, with the objective of the game to extract as much money out of the good people of Glendale as possible. For example, if former San Jose Sharks CEO Greg Jamison is to purchase the Coyotes, the new lease could cost Glendale a total of $92 million over the next five years. And that could be with no guarantee the team stays beyond that time period.

According to one source close to such matters, there are a couple of major caveats to this deal.

“It might kick the can down the street by a few years,” the source said, “but that’s about it.”

Like most deals, the devil will be in the details of this one.

Two things I’ll be curious to know are the length of the lease and the penalty for breaking it. Because if I were buying the Coyotes, I’d want to know I could relocate them in a few years if the business still hadn’t turned around by then.

  1. pavelfitzgerald - May 7, 2012 at 5:44 PM

    If history is an indication (& I’d say the last 15 year would quantify as “history”) this team is going to continue to lose money & Glendale will continue to pay someone money to keep the team there

    • wisbadgers - May 7, 2012 at 9:30 PM

      I’d expect nothing less from you Pavel. I love all the Canadian haters of the Coyotes. Let’s wait and see what transpires over the next few years before we condemn them to fail.

      • comeonnowguys - May 8, 2012 at 10:01 AM

        It’s funny that you think that only Canadians hate seeing a franchise ignored in a hockey-ambivalent location.

  2. dougyfresh9981 - May 7, 2012 at 6:11 PM

    Oh, members of the Canadian starting new rumors now that Quebec 2012/13 is lost…shocking

    • dougyfresh9981 - May 7, 2012 at 6:11 PM

      media*

  3. ynothockey - May 7, 2012 at 6:23 PM

    Big shocker. Never anything good to say about Phoenix or the Coyotes.

  4. Malkin To The Kings - May 7, 2012 at 8:43 PM

    The new stadium in Quebec City should be just about done when the Islanders lease is up. Maybe sooner, if the asbestos problems at their stadium allow them to break the lease.

  5. pavelfitzgerald - May 7, 2012 at 10:19 PM

    Wisbadgers – you have shown your “knowledge” by repeatedly saying the Jets lost $5.2m this year by quoting a Forbes article from 2010-2011 when they were the Thrashers .. ..

    How can you say anything good (financially) about a franchise that has lost money every year for 15 years (yes-15 years in the red), who averages a new owner every 3 years, has to be supported by city tax dollars on a yearly basis & has been in 2 different locations (Phoenix & Glendale) with no success (aka a profit)? Those are all facts.

    This is about the financial mess the Coyotes are & not about their actual team. Doan is a beauty whose ridicously under rated & Tippet is one of the best coaches in the league. Financially they are (& have been) a disaster

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