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NHL to announce Greg Jamison has a deal to buy the Coyotes

May 7, 2012, 8:36 AM EDT

Greg Jamison

We’ve been down this road before so we know how quickly things can change.

According to a report out of the Phoenix Business Journal, NHL commissioner Gary Bettman will be in Glendale today to announce the league has reached a tentative deal to sell the Phoenix Coyotes to Greg Jamison. As you know by now, Jamison is the former San Jose Sharks CEO and he’s looking to close a deal to keep the team in Arizona.

Mike Sunnucks of the Phoenix Business Journal explains that if this is the case, things are still far from being completed.

It also sets the stage for a city of Glendale vote on payments to the Jamison group to facilitate the sale and help the group absorb some short-term financial losses. The Coyotes lose $20 million to $25 million per season. The city will pay new Coyotes owners to run Jobing.com Arena.

The City of Glendale has a City Council meeting slated for Tuesday, however a vote on the deal is not on the agenda and does not appear likely to be added to the docket. The Coyotes have been in ownership limbo since 2009 and if this deal is approved and gets the OK from the Goldwater Institute (meaning they won’t try to intervene with litigation), the league’s long fight to keep the team in Glendale will have paid off.

Update (10:15 a.m. ET): Kevin Allen of USA Today confirms an announcement will be made in Arizona today.

  1. ballistictrajectory - May 7, 2012 at 9:04 AM

    Until somebody looks out the window, sees a cactus, and calls the whole thing off.

  2. bcs1283 - May 7, 2012 at 9:11 AM

    So Quebec is going to have to settle for the Blue Jackets. Sorry for your luck.

  3. sjsharksfan11 - May 7, 2012 at 10:56 AM

    Good for the Yotes organization. Happy to see a team stay on the West Coast and not go to Canada. Let them have an expansion team if anything.

  4. quizguy66 - May 7, 2012 at 11:56 AM

    I hope for the sake of their fans that they get some clarity to their situation – especially if they win it all. I remember when the Devils won their first Cup in ’95 the celebration felt like an Irish Wake because there was all of the uncertainty over Nashville.

    -QG

  5. atwatercrushesokoye - May 7, 2012 at 12:27 PM

    This is ridiculous, it’s just another part of the huge shell game that Bettman is trying to play. If this “sale” is anything like the previous deals it will involve very little money changing hands (at least between the NHL and new “owners”) and will rely heavily on the people of Glendale paying for the money this team will lose in the future. One has to wonder if the Goldwater Institute will sit idly by, or if the people (or city council) of Glendale will finally stand up and tell Bettman NO?

    One really has to wonder why Bettman put up no fight when it came to teams in Winnipeg, Quebec City, Hartford and Atlanta moving yet he’ll move heaven and earth before he ever let’s the Coyotes (a team that loses $20-25 million EVERY YEAR) move to another city? Might have to do with the fact that he guaranteed the NHL governors that they would not lose any money on the Coyotes, but he knows there’s no way that’s true and if he does let the Coyotes go through a real sale and move he’ll have to answer to his bosses.

    • imleftcoast - May 7, 2012 at 2:03 PM

      Bettman is running a Ponzi scheme. He is overplaying the possibility of expansion team fees. It shouldn’t work in negotiations: why would anyone believe there would be expansion teams when 4 or 5 current teams are on life support? Given this is the third or fourth try at pulling this in Phoenix and the holes in the story that Joe points out (rather huge ones), I don’t think this ‘sale’ is anything more than a ‘pump and dump’ email from a marketing firm working with the League.

  6. AlohaMrHand - May 7, 2012 at 1:56 PM

    What a joke this has been.Good for Glendale for keeping them( unless there’s some under the table secret closed door meeting we aren’t aware of) but this has been handled so poorly.

  7. pavelfitzgerald - May 7, 2012 at 2:45 PM

    What a joke. Couldn’t agree more with the poster who pointed out how Bettman has bent over backwards to keep this team in this failing market but did nothing for Winnipeg, Quebec, Hartford & Atlanta. Only in Phoenix would the city PAY the new owner to “run the arena” which is very close to the price he will “pay” for the team. I give this 2 years before Jamison decides he’s had enough. Here we go again .. ..

  8. darksidecowboy - May 7, 2012 at 3:27 PM

    It’s all about the NBC tv dollars people. If they move to Quebec sure they sell out the arena, but what about the tv revenue. Phoenix is a highly populated city and if they get the right owner, and put out a successful team then the tv revenue will follow.

    • imleftcoast - May 7, 2012 at 5:46 PM

      Wrong, the idea is to steal as much from Glendale as possible.

    • atwatercrushesokoye - May 7, 2012 at 5:56 PM

      The NHL and NBC consumated a 10 year broadcast agreement last spring, they have 9 years to go, whether Phoenix is in the league or not will have absolutely no bearing on this contract…since it’s been signed.

      Also I would ask two things: First, how many Phoenix games has NBC broadcast nationally this year? And how many people in the Phoenix area actually watched those games? My guess is not many to both.

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