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.
Jan 27, 2015, 10:48 AM EST
Get back into the swing of things.
Jan 27, 2015, 10:48 AM EST
“I’m still a little ways away. Hopefully I keep making the right strides.”
Jan 27, 2015, 9:41 AM EST
The guy has a thing for Predators. (Crowd boos.)
Jan 27, 2015, 8:28 AM EST
Tuesday’s snowy links.
Jan 27, 2015, 1:35 AM EST
He’ll likely start Tuesday paired with Dan Hamhuis.
Jan 27, 2015, 12:30 AM EST
Latvia could soon have another NHLer to cheer for.
Jan 26, 2015, 11:30 PM EST
The Isles have won both meetings this season.
Jan 26, 2015, 10:25 PM EST
He’s missed 13 games recovering from surgery on his fractured left wrist.
Jan 26, 2015, 9:30 PM EST
Several players had to make alternate arrangements leaving the All-Star Game.
Jan 26, 2015, 8:35 PM EST
Expected to play Wednesday against the Leafs
Jan 26, 2015, 7:30 PM EST
He’s a repeat offender.
Jan 26, 2015, 7:10 PM EST
Teams have till noon eastern time Tuesday to place a claim on the forward.
Jan 26, 2015, 6:16 PM EST
The Avalanche are trying to claw their way into the playoffs.
Jan 26, 2015, 5:52 PM EST
Minnesota had three healthy goaltenders on its roster.
Jan 26, 2015, 4:59 PM EST
Who will play this week?
Jan 26, 2015, 4:22 PM EST
This might be the result of fighting in back-to-back games.
Jan 26, 2015, 3:31 PM EST
Will Mikhail Grabovski step up?
Jan 26, 2015, 3:12 PM EST
The post-All-Star Game portion of the season isn’t starting any better for Buffalo.
Jan 26, 2015, 2:21 PM EST
He’s been overseeing co-coaches Adam Oates and Scott Stevens.
Jan 26, 2015, 1:30 PM EST
He didn’t end up playing in the All-Star Game.
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- Isles’ rise to be tested as they lose Okposo for 6-8 weeks 16
- L.A. Sorry? Kings waive Mike Richards 123
- Bobrovsky out 4-6 weeks, Jackets recall goalie Forsberg 3
- Blue Jackets proud as Columbus shows it’s a hockey town 24
- From contract dispute to All-Star MVP, Johansen’s had quite the year 17
- Marc-Andre Fleury would like to remind the Columbus crowd that the Penguins beat the Blue Jackets in the playoffs 33
- Cannonball Run…and gun: Team Toews wins highest-scoring game in ASG history 27
- Supercut: Every goal from the highest-scoring period in All-Star Game history 7
- Video: Team Foligno survives shootout, wins Skills Competition 4
- Columnist: Flyers ‘orchestrated’ fight night versus Pens during meal at ‘a local steakhouse’ (130)
- L.A. Sorry? Kings waive Mike Richards (123)
- Flyers’ Rinaldo: ‘I changed the whole game, man’ (112)
- Video: Rinaldo tossed for boarding Letang (79)
- Report: Flyers’ Rinaldo waives right to an in-person hearing (61)