Dec 26, 2012, 1:25 PM EDT
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.
Apr 18, 2014, 2:10 PM EDT
Usually he reserves that word for his own team.
Apr 18, 2014, 2:02 PM EDT
“It wasn’t very appropriate at all.”
Apr 18, 2014, 1:43 PM EDT
“It’s a good step,” he said.
Apr 18, 2014, 1:25 PM EDT
Apr 18, 2014, 12:53 PM EDT
Rookie goalie Frederik Andersen made 32 stops for Anaheim in Game 1.
Apr 18, 2014, 12:05 PM EDT
Catch the game tonight on NBCSN at 7:30 p.m. ET.
Apr 18, 2014, 11:59 AM EDT
Andrew Barroway has company in his pursuit of Charles Wang’s (pictured) Brooklyn-bound team.
Apr 18, 2014, 11:58 AM EDT
Suggesting they’ll hold onto the fifth overall selection at this year’s draft.
Apr 18, 2014, 11:30 AM EDT
That would be the gesture right there.
Apr 18, 2014, 11:18 AM EDT
More adversity for Tampa Bay.
Apr 18, 2014, 10:49 AM EDT
“Luckily he’s married.”
Apr 18, 2014, 10:45 AM EDT
Plus a look at Game 2 of the Bolts-Habs and Stars-Ducks series.
Apr 18, 2014, 10:08 AM EDT
He’ll try to end the year on an up note.
Apr 18, 2014, 9:22 AM EDT
They’re not intimidated by the Penguins.
Apr 18, 2014, 8:24 AM EDT
Three games will keep your Friday night occupied.
Apr 18, 2014, 2:27 AM EDT
But it’s one game.
Apr 18, 2014, 1:37 AM EDT
Apr 18, 2014, 1:21 AM EDT
Things got interesting in the third period.
Apr 18, 2014, 12:53 AM EDT
Apr 18, 2014, 12:46 AM EDT
Yeah, not a good night for him.
- NHL looking into Quenneville’s ‘grabby’ gesture from Game 1 31
- Getzlaf to play Game 2, looks awful 15
- Video: PHT Extra — can Detroit exploit Boston’s blueline? 9
- Sharks go on the attack, defeat Kings in Game 1 16
- Avalanche win in OT, complete third-period comeback 56
- Blues prevail in longest game in franchise history as Steen scores in third OT 23
- Video: Sharks’ Brown runs Voynov into Quick, scrum ensues 2
- Opportunistic Rangers pull away from Flyers, take 1-0 series lead 63
- WATCH LIVE: Minnesota Wild at Colorado Avalanche (Game 1) 1
- WATCH LIVE: Chicago Blackhawks at St. Louis Blues (Game 1) 1