Dec 26, 2012, 1:25 PM EST
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.
Dec 19, 2014, 7:43 PM EST
It’s been 2,599 days since that last happened.
Dec 19, 2014, 6:47 PM EST
Let’s hope it’s just that type of illness …
Dec 19, 2014, 6:40 PM EST
It’s almost starting to feel like he has mutant powers.
Dec 19, 2014, 6:28 PM EST
They recalled Alexander Wennberg and Cody Goloubef.
Dec 19, 2014, 5:07 PM EST
Is under going an MRI today.
Dec 19, 2014, 5:00 PM EST
“As a family, we are thrilled that Dad’s quality of life has greatly improved, and his progress has exceeded our greatest expectations.”
Dec 19, 2014, 4:34 PM EST
Bring on the trade speculation.
Dec 19, 2014, 4:10 PM EST
32-year-old has played in 56 career NHL contests.
Dec 19, 2014, 3:37 PM EST
“Where’s the Tylenol?”
Dec 19, 2014, 3:21 PM EST
Off to the Marlies he goes.
Dec 19, 2014, 3:03 PM EST
Jeff Schultz has been called up from AHL Manchester.
Dec 19, 2014, 2:54 PM EST
“This is a great honor and opportunity for Mirco to represent his country,”
Dec 19, 2014, 2:31 PM EST
That said, might he make sense for the Bruins?
Dec 19, 2014, 2:12 PM EST
Henrik Lundqvist’s No. 2 returns for another year.
Dec 19, 2014, 1:37 PM EST
Montreal’s leading scorer was hit hard by Anaheim’s Clayton Stoner.
Dec 19, 2014, 12:41 PM EST
The Wild are getting frustrated.
Dec 19, 2014, 12:24 PM EST
Initial reports don’t sound good.
Dec 19, 2014, 12:06 PM EST
Appeared in just two games this season before re-aggravating an existing issue.
Dec 19, 2014, 11:27 AM EST
The Caps’ struggles with depth down the middle are well documented…
Dec 19, 2014, 11:22 AM EST
Nightmarish campaign for the Finnish defenseman, health-wise.
- Stomach flu makes Lightning’s Johnson a surprise scratch 0
- Flyers’ Mason tweaked back, will miss weekend games 5
- Gordie Howe makes ‘amazing’ recovery following stem cell treatment in Mexico 8
- Video: Penguins’ spoof of ‘Christmas Vacation’ is pretty good 11
- Mason hurt, helped off ice at end of Flyers practice 8
- Could Vermette land in Washington? 6
- Pens confirm Maatta has the mumps 5
- As holiday roster freeze approaches, Bruins linked to Oshie, Kassian 27
- Video: Pacioretty taken to hospital, reportedly no hearing expected for Stoner after questionable hit 33
- Video: Canadiens honor long-time captain Saku Koivu 2