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Glendale city manager wants to change terms of arena payment plan

Sep 12, 2012, 8:47 PM EDT

Mike Smith AP

Greg Jamison reportedly has secured the funds necessary to purchase the Phoenix Coyotes, but that hasn’t been the end of this already lengthy saga.

Glendale city manager Horatio Skeete wants to change the terms of their $300 million, 20-year arena payment plan before they finalize the deal with Jamison, according to the Phoenix Business Journal and Lisa Halverstadt of the Arizona Republic.

Under the current proposal, Glendale would pay Jamison $92 million in the initial five years, but Skeete wants that reduced to $72 million.

If it turns out that Jamison doesn’t buy the team, but the NHL wants to continue to use Jobing.com Arena, then the league would need to renegotiate with Glendale.

That being said, Skeete still hopes to finalized the numbers with Jamison this week.

“The fact that we continue to talk gives me hope that we can come to an understanding of the city’s position, the city’s requirement for us to be successful in signing the deal,” Skeete said, according to Halverstadt.

  1. noozehound - Sep 12, 2012 at 8:56 PM

    dump it and move the team to Quebec or Hartford. Bring hockey back where its supposed to be.

  2. grillmarks - Sep 12, 2012 at 9:07 PM

    Skeete…

  3. oquintero99 - Sep 12, 2012 at 9:39 PM

    I honestly dont know whats inside the city managers head for still trying to pull this deal or Jamison for still trying to get this deal done, when he obviously knows a lot of money is going to be lost. Dont know or understand the incentive. If I was Jamison, I would invest it in another team who actually has a fan base and good attendance.

    • freneticgarfieldfan - Sep 13, 2012 at 6:12 AM

      Isn’t Jamison from Vancouver? I’d buy the team and relocate it to Seattle as soon as the new arena is ready there. Sorry, ‘Yotes fans.

  4. proudliberal85392 - Sep 13, 2012 at 11:20 AM

    I love the clowns who yell about moving the Yotes, but would scream like stuck pigs if it was their team.

    • langforc - Sep 13, 2012 at 1:06 PM

      This may be true but what is also true is the fans in Pheonix don’t really support this team. In fact last year they had the lowest average attenance and lowest attendance percentage in the regular season. The year before they had the second lowest in both and two years ago they once again had the lowest for both numbers. Let’s not fail to mention these were all years they made the playoffs. The league talks about losing money and it happens because there are teams in markets like Pheonix with fans that don’t attend the games.

      Can Pheonix be a successful market? Sure why not but the current fan base doesn’t support them.

      • scrouch - Sep 13, 2012 at 1:22 PM

        Don’t forget, those attendance numbers are with prices far below what a NHL team needs to make money even if they were selling a lot of tickets. I’d be interested to see what the attendance was if they were charging NHL prices for tickets instead of minor league prices.

  5. hockeydon10 - Sep 13, 2012 at 2:08 PM

    Waitacottonpickinminute…

    The sale price of the Coyotes is $170M. Then, over the next five years, the city will pay Jamison $92M.

    Uh, does this mean the city is going to own a majority share of the team?

  6. hickson88 - Sep 13, 2012 at 5:31 PM

    Seattle would love to have your team!!!

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