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 5, 2013, 1:20 PM EST
Detroit’s absolutely ravaged by injuries right now.
Dec 5, 2013, 1:12 PM EST
Sports legal analyst Eric Macramalla answers that question and more.
Dec 5, 2013, 12:45 PM EST
Pittsburgh hosts San Jose tonight, not coincidentally.
Dec 5, 2013, 12:34 PM EST
Yet another question for Glen Sather to answer.
Dec 5, 2013, 12:11 PM EST
“We’ve got one of the better goaltenders in the world here.”
Dec 5, 2013, 11:51 AM EST
Dec 5, 2013, 11:50 AM EST
Left the morning skate early.
Dec 5, 2013, 11:37 AM EST
Been a brutal season injury-wise.
Dec 5, 2013, 11:29 AM EST
If it isn’t, it’s on life support.
Dec 5, 2013, 11:24 AM EST
Sounds like D’Amigo could make his NHL debut tonight.
Dec 5, 2013, 10:42 AM EST
“He’s working very hard, he’s very focused and I think he’ll do a good job for them.”
Dec 5, 2013, 9:55 AM EST
They’re 0-for-5 now.
Dec 5, 2013, 8:58 AM EST
They’ve been shut out three times in five games.
Dec 5, 2013, 8:01 AM EST
Thursday’s collection of links.
Dec 5, 2013, 1:07 AM EST
The Calgary defenseman was sidelined since Oct. 21.
Dec 4, 2013, 11:55 PM EST
He notched a career-high four points Wednesday.
Dec 4, 2013, 11:29 PM EST
Head coach Patrick Roy hasn’t been happy with his work.
Dec 4, 2013, 11:03 PM EST
Detroit sees end of four-game winning streak.
Dec 4, 2013, 10:42 PM EST
Joining his Buffalo teammate Nikita Zadorov.
Dec 4, 2013, 10:16 PM EST
Montreal gets seventh win in eight games.
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- Malkin (lower body) to miss tonight’s game versus Sharks 10
- Flyers’ Couturier: ‘We’re starting to believe in ourselves’ 51
- Columbus puts Bobrovsky (groin) on IR, out 4-5 weeks 3
- The Chip ‘n’ Chase: Olympic odds, Russia’s defense, King Henrik’s new deal, Fire Cappy? and more 27
- With Lundqvist deal done, Sather faces tough questions 11
- King of New York: Rangers sign Lundqvist to seven-year, $59.5 million extension 41
- Lehtonen shines, Roussel agitates as Stars beat ‘Hawks 52
- Report: NHL set to finally pay Gretzky at least $7M 15
- Kadri out as falling Leafs start tough stretch vs. Sharks 9
- Flyers’ Couturier: ‘We’re starting to believe in ourselves’ (53)
- Video: Canucks’ Bieksa fights Rangers’ Boyle, then kicks Boyle’s helmet (52)
- Lehtonen shines, Roussel agitates as Stars beat ‘Hawks (52)
- King of New York: Rangers sign Lundqvist to seven-year, $59.5 million extension (41)
- Panthers announced attendance Tuesday night lowest since 2008 (38)