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 31, 2014, 3:10 PM EDT
“I just haven’t come to that decision yet.”
Oct 31, 2014, 3:06 PM EDT
When Philly takes on the Panthers in Florida.
Oct 31, 2014, 2:44 PM EDT
Veteran forward is hurt again.
Oct 31, 2014, 2:32 PM EDT
On a professional tryout contract.
Oct 31, 2014, 1:57 PM EDT
Former 13th overall pick doesn’t want to comment on trade rumors.
Oct 31, 2014, 1:48 PM EDT
Club is dealing with a team-wide bacterial infection.
Oct 31, 2014, 1:21 PM EDT
“He was the bettor. He bet on football games.” And that, according to Steve Bartlett, is all he did.
Oct 31, 2014, 12:52 PM EDT
We’d say we were surprised, but we totally thought this could happen.
Oct 31, 2014, 12:16 PM EDT
Hurricanes forward was benched Tuesday in Vancouver.
Oct 31, 2014, 12:01 PM EDT
“We’ve given up a lot of goals and we need to be better, help our goaltenders out.”
Oct 31, 2014, 11:58 AM EDT
Antti Raanta retains the backup gig behind Corey Crawford.
Oct 31, 2014, 11:19 AM EDT
Dallas has lost two straight.
Oct 31, 2014, 10:58 AM EDT
As most expected they’d do with the No. 2 overall pick.
Oct 31, 2014, 10:39 AM EDT
With AK Bars Kazan.
Oct 31, 2014, 10:33 AM EDT
They’re building a $350 million arena with AEG, which owns the Kings.
Oct 31, 2014, 9:57 AM EDT
The Canucks forward has been fined twice but never suspended.
Oct 31, 2014, 8:50 AM EDT
Just replace Chris Pronger with his name from your previous jokes …
Oct 31, 2014, 8:02 AM EDT
Phaneuf as Spider-Man is … odd.
Oct 31, 2014, 2:30 AM EDT
Rookie Jonathan Drouin played less than 10 minutes in the win.
Oct 31, 2014, 2:00 AM EDT
Not quite a fight.
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