Skip to content

Coyotes may turn a profit if lockout wipes out the season

Dec 26, 2012, 1:25 PM EST

Coyotes-logo

The NHL lockout, now in its 102nd day, has meant bad news financially for most teams. For the league-owned Phoenix Coyotes, however, it might mean they get to turn a profit.

Mike Sunnucks of the Phoenix Business Journal reports the team’s new $300 million lease agreement with prospective buyer Greg Jamison would help keep the team in the black.

The bulk of that deal is the city paying Jamison on average $15 million per season to run Jobing.com Arena. The first season of that deal is for $11 million but is pro-rated to when Jamison closes on the purchase.

“The $11 million dollar figure would have been for a full year,” said Glendale spokeswoman Julie Frisoni. “Since we are now halfway through the year, it will most likely be in the range of $5.5 million to $6.5 million. It just depends on when the purchase of the team is complete and when Jamison takes over management of the facility.”

It’s remarkable that it would take a complete meltdown of a year where no hockey is played in order to help the Coyotes make money, but in this situation does anything surprise anyone?

Should the season be saved, the Coyotes would have to hope the fans return to fill out the building for every game or else they’ll risk having another financially losing season.

Latest Posts
  1. Bryzgalov gets first Ducks start since 2007

    Dec 19, 2014, 7:43 PM EST

    Toronto Maple Leafs beat the Anaheim Ducks 6-2 Getty Images

    It’s been 2,599 days since that last happened.

  2. Stomach flu makes Lightning’s Johnson a surprise scratch

    Dec 19, 2014, 6:47 PM EST

    Carolina Hurricanes v Tampa Bay Lightning Getty Images

    Let’s hope it’s just that type of illness …

  3. Gordie Howe makes ‘amazing’ recovery following stem cell treatment in Mexico

    Dec 19, 2014, 5:00 PM EST

    Gordie Howe Getty Images

    “As a family, we are thrilled that Dad’s quality of life has greatly improved, and his progress has exceeded our greatest expectations.”

  4. Journeyman Stuart inks with Boston’s AHL affiliate

    Dec 19, 2014, 4:10 PM EST

    32-year-old has played in 56 career NHL contests.

  5. Regehr placed on injured reserve, out 2-3 weeks

    Dec 19, 2014, 3:03 PM EST

    Robyn Regehr Getty Images

    Jeff Schultz has been called up from AHL Manchester.

  6. Sharks lend Mueller to Swiss team for World Juniors

    Dec 19, 2014, 2:54 PM EST

    Vancouver Canucks v San Jose Sharks Getty Images

    “This is a great honor and opportunity for Mirco to represent his country,”

  7. Don’t count on Shane Doan to be traded

    Dec 19, 2014, 2:31 PM EST

    Shane Doan Getty Images

    That said, might he make sense for the Bruins?

  8. Backup re-up: Rangers sign Talbot to one-year, $1.45M extension

    Dec 19, 2014, 2:12 PM EST

    Cam Talbot Getty Images

    Henrik Lundqvist’s No. 2 returns for another year.

  9. Pacioretty day-to-day after being hospitalized Thursday night

    Dec 19, 2014, 1:37 PM EST

    Brendan Gallagher Clayton Stoner Brendan Gallagher Clayton Stoner

    Montreal’s leading scorer was hit hard by Anaheim’s Clayton Stoner.

  10. Parise: ‘We’ve got to stop losing’

    Dec 19, 2014, 12:41 PM EST

    Minnesota Wild v Arizona Coyotes Getty Images

    The Wild are getting frustrated.

  11. Sens’ Methot re-injures back, no timetable for return

    Dec 19, 2014, 12:06 PM EST

    MarcMethot Getty Images

    Appeared in just two games this season before re-aggravating an existing issue.

  12. Could Vermette land in Washington?

    Dec 19, 2014, 11:27 AM EST

    Antoine Vermette

    The Caps’ struggles with depth down the middle are well documented…

  13. Pens confirm Maatta has the mumps

    Dec 19, 2014, 11:22 AM EST

    OlliMaatta Getty Images

    Nightmarish campaign for the Finnish defenseman, health-wise.

Featured video

More than a Stanley Cup hangover?
Top 10 NHL Player Searches
  1. S. Crosby (4489)
  2. B. Bishop (3113)
  3. D. Krejci (2853)
  4. C. Crawford (2585)
  5. C. Kunitz (2356)
  1. O. Palat (2133)
  2. C. Perry (2068)
  3. B. Elliott (1994)
  4. T. Oshie (1826)
  5. J. Boychuk (1672)