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.
Oct 1, 2014, 9:03 AM EDT
He was a restricted free agent, but was still taking part in training camp.
Oct 1, 2014, 9:00 AM EDT
No, this post doesn’t just include the word “everything.”
Oct 1, 2014, 7:55 AM EDT
Wednesday’s collection of links.
Oct 1, 2014, 12:00 AM EDT
Apparently they won’t hand him Cody Eakin’s two-year, $3.8 million deal.
Sep 30, 2014, 11:31 PM EDT
Here are some assorted goals for entertainment purposes.
Sep 30, 2014, 10:23 PM EDT
He’s reportedly asking for a hefty six or seven-year deal.
Sep 30, 2014, 9:25 PM EDT
Updated with GM Craig MacTavish’s comments.
Sep 30, 2014, 9:10 PM EDT
Buffalo was fearing a broken jaw, which would be even worse.
Sep 30, 2014, 7:27 PM EDT
It looks like the transition from Charles Wang’s ownership will ramp up soon.
Sep 30, 2014, 7:13 PM EDT
What a difference injuries and a nearing regular season makes …
Sep 30, 2014, 6:40 PM EDT
He says the “progress has been really good.”
Sep 30, 2014, 5:28 PM EDT
Will this be another season to forget for Toronto?
Sep 30, 2014, 4:26 PM EDT
Called him “the best defenseman on the ice.”
Sep 30, 2014, 4:12 PM EDT
Buffalo trims training camp roster to 30.
Sep 30, 2014, 4:00 PM EDT
“We’ve got three games left here, so we really need to finalize what we’re going to do.”
Sep 30, 2014, 3:50 PM EDT
Both off to AHL Texas.
Sep 30, 2014, 3:17 PM EDT
“You don’t pay attention to that kind of stuff.”
Sep 30, 2014, 2:28 PM EDT
“I’m not naive, I know as the season goes on it’ll become more of a talking point.”
Sep 30, 2014, 1:42 PM EDT
D-man was likely headed to AHL Utica.
Sep 30, 2014, 1:30 PM EDT
Looks like both have avoided serious damage.
- NHL Board of Governors approves Islanders sale 5
- Speedy recovery: Giroux (lower body) to play vs. Rangers tonight 9
- Risk Factors: Boston Bruins edition 13
- Hello Johansen? Boone Jenner out with broken hand 5
- Bruins release Leino; Boychuk staying put? 18
- Babcock doesn’t think this will be his last year with the Wings 9
- Starting tomorrow, PHT’s ‘Risk Factors’ Series 6
- Krug, Smith sign with Bruins 19
- PHT Morning Skate: Grigorenko with highlight-reel shootout goal 7
- Sabres lose Larsson, Kaleta to head injuries, Leafs’ Booth out too (Update: Franson’s hurt) 5
- Jordan Subban has ‘moved on’ after ‘unfortunate’ photo caption by Vancouver papers (52)
- Players pushed for coaching fines because they were ‘encouraged’ to dive (34)
- Sabres’ Nolan, Avalanche don’t believe in analytics (32)
- Ouch: Datsyuk (separated shoulder) out 4-5 weeks (27)
- Spooner scores, but coach Julien’s not happy (23)