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.
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- Stars chase Andersen, tie series with Ducks 2-2 10
- Penguins blow three-goal lead, Columbus evens series 66
- NHL suspends Matt Cooke for seven games 87
- Ducks’ Getzlaf (upper body) isn’t available for Game 4 (Updated) 3
- Two years after winning the Cup, the Kings’ ‘mix’ comes into question 39
- Duck drama: Selanne to sit as healthy scratch in Game 4 15
- MacKinnon, Johnson and Palat named Calder Trophy finalists 11
- Sharks beat Kings in OT, take 3-0 stranglehold on series 43
- Rangers chase Emery, top Flyers for 2-1 series lead 56
- Video: Seabrook ejected for charging Backes; will face hearing (update) (153)
- Bad luck strikes twice: Lightning goal waved off, Stamkos takes knee to head (136)
- Keith doesn’t remember if he taunted Backes after Seabrook hit (125)
- Video: Lucic spears DeKeyser from behind (118)
- Flyers want to ‘punish’ McDonagh (113)