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.
May 28, 2015, 1:04 PM EDT
The former Penguins coach is still under contract to Pittsburgh.
May 28, 2015, 12:27 PM EDT
Former Preds forward, who played for Roy in junior, is currently with KHL club CSKA.
May 28, 2015, 12:22 PM EDT
Has spent the past three seasons coaching the Flyers’ AHL affiliate.
May 28, 2015, 12:05 PM EDT
Spent part of last season with the Bruins
May 28, 2015, 11:49 AM EDT
Which they lost by a score of 6-2.
May 28, 2015, 11:41 AM EDT
Which is next Wednesday.
May 28, 2015, 10:50 AM EDT
The former led Canada to gold at the most recent World Junior tourney.
May 28, 2015, 10:15 AM EDT
He’s expected to be ready for the start of training camp.
May 28, 2015, 10:00 AM EDT
Both forwards are New Jersey draft picks.
May 28, 2015, 9:00 AM EDT
His contract will expire after 2015-16.
May 28, 2015, 8:15 AM EDT
Thursday’s collection of links.
May 27, 2015, 11:47 PM EDT
He wasn’t the only Anaheim player that deserved to be blamed tonight.
May 27, 2015, 11:01 PM EDT
Chicago endured Anaheim’s comeback attempt to win this one.
May 27, 2015, 10:29 PM EDT
The Ducks might have caught a break there.
May 27, 2015, 10:08 PM EDT
He has seven goals in 15 playoff games.
May 27, 2015, 9:46 PM EDT
Chicago scored three goals within four minutes.
May 27, 2015, 9:32 PM EDT
Jordan Weal has been a big part of Manchester’s success.
May 27, 2015, 8:09 PM EDT
Chicago’s mixing things up for this must-win game.
May 27, 2015, 7:04 PM EDT
She’s previously been warned that this course could lead to her being found in contempt.
May 27, 2015, 6:06 PM EDT
Anaheim has a chance to advance to the Stanley Cup Final tonight.
- Report: Bylsma to Sabres being held up by compensation issue 0
- Stanley Cup Final to begin June 3 4
- Caps’ Backstrom undergoes arthroscopic hip surgery 3
- Report: Sens’ Murray to retire after next season 0
- Of course: ‘Hawks, Ducks’ back-and-forth series is going to Game 7 46
- WATCH LIVE: Ducks at Blackhawks, Western Conference Final Game 6 1
- As Bolts deal with illness, extra day of rest could prove beneficial 11
- Sounds like it’s Rundblad, not TVR, in for Chicago on defense 17
- On Kreider, and trying ‘to turn the other cheek’ 49
- Report: Sharks to name DeBoer head coach 17
- Kesler on wearing down Chicago: ‘No human can withstand that many hits’ (75)
- What’s wrong with Lundqvist? (70)
- From healthy scratch to hero: Vermette scores OT winner for Blackhawks (66)
- Fetisov wants to restrict young Russians from playing in the NHL (53)
- On Kreider, and trying ‘to turn the other cheek’ (51)