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.
Mar 30, 2015, 9:57 AM EDT
Tampa Bay is chasing Montreal in the race for the Atlantic Division title.
Mar 30, 2015, 9:16 AM EDT
John Gibson stood tall versus New Jersey on Sunday.
Mar 30, 2015, 8:33 AM EDT
Both have plenty they still want to accomplish in their final regular season games.
Mar 30, 2015, 7:45 AM EDT
Monday’s collection of links.
Mar 30, 2015, 12:01 AM EDT
Perron and Crosby scored in the shootout for the win.
Mar 29, 2015, 11:15 PM EDT
Chicago moves into third in the Central Division.
Mar 29, 2015, 10:10 PM EDT
He left the broadcast for stitches, but did return.
Mar 29, 2015, 10:02 PM EDT
New York snapped a seven-game home losing streak.
Mar 29, 2015, 9:16 PM EDT
Pastrnak scored the OT winner.
Mar 29, 2015, 8:20 PM EDT
Ottawa has lost three straight.
Mar 29, 2015, 7:55 PM EDT
Michael Ferland’s first NHL goal was the winner.
Mar 29, 2015, 6:51 PM EDT
Puck drop is at 7:30 p.m. ET on NBCSN.
Mar 29, 2015, 6:25 PM EDT
Jimmy Howard is on in relief.
Mar 29, 2015, 6:05 PM EDT
Washington scored four unanswered to beat New York 5-2.
Mar 29, 2015, 4:54 PM EDT
Buffalo has the best odds of drafting him.
Mar 29, 2015, 4:17 PM EDT
Will he get one next season?
Mar 29, 2015, 3:28 PM EDT
They’ll play at 7:30 p.m. ET tonight.
Mar 29, 2015, 2:30 PM EDT
News and notes from around the crease…
Mar 29, 2015, 1:38 PM EDT
The Penguins defenseman suffered a concussion.
Mar 29, 2015, 12:55 PM EDT
Rau recorded at least 40 points in each of his NCAA campaigns.
- NHL on NBCSN: Stakes high for Kings, ‘Hawks tonight 4
- Blackhawks’ Sharp: ‘We knew we had to get two points’ 11
- Video: Brian Engblom takes a puck to the head 12
- Flames jump back into third in Pacific, beat Preds 6
- Letang concussed, Penguins will dress five defensemen 18
- NHL on NBCSN: Sharks desperate for wins, Penguins seek definitive end to slump 7
- Video: Bolts lose Garrison, Paquette in loss to Wings 4
- Bruins ruin Lundqvist’s return 28
- Video: Letang hospitalized after Doan hit (Update) 48
- Bruins chalk Rask’s absence up to dehydration (Update) 4