May 30, 2012, 3:58 PM EDT
Time for another Phoenix Coyotes update that isn’t really an update since there’s no real news to report.
“The process continues to move forward and there don’t appear to be any roadblocks that would derail it,” NHL deputy commissioner Bill Daly tells the Arizona Republic’s Lisa Halverstadt.
The league is hoping to reach a formal agreement to sell the franchise to former Sharks executive Greg Jamison.
Meanwhile, the City of Glendale, which owns the arena where the Coyotes play, is facing a budget crisis that’s already led to layoffs. And if a deal with Jamison is officially struck, the city is expected to pay a $17 million arena-management fee next fiscal year, plus a similar annual fee into the future.
- NBC Sports to broadcast 105 NHL games in 2015-16 50
- Wilson signs with Preds, leaving just four arbitration cases to go 2
- Rangers sign Stepan — six years, $39 million 62
- Deal with the Devils: New Jersey re-signs Larsson to six-year contract 14
- Stepan seeks $7.25M in arbitration, Rangers counter at $5.2M 24
- Capitals investment: Holtby signs five-year, $30.5M deal 21
- Redemption time? Montreal, Semin agree to one-year deal 26
- Full autonomy: Lamoriello’s place in Leafs’ chain of command 26
- Lamoriello’s departure removes any doubt: Devils are Shero’s team 21
- With Lamoriello hire, Leafs hammer home their culture change 23
- Post expansion, could NHL realign with eight divisions? (138)
- NHL to ‘focus exclusively’ on expansion bids for Las Vegas and Quebec City (89)
- He’s baaaaaack: Leafs pull a stunner, hire Lamoriello as GM (Updated) (84)
- Rangers sign Stepan — six years, $39 million (62)
- Ah, arbitration: Holtby reportedly asking for $8 million, Caps countering at $5.1 million (59)