Jan 27, 2013, 8:37 PM EDT
The Phoenix Coyotes’ ownership/arena lease situation seems like it’s had an endless series of deadlines in the past few years, but Thursday looks like a crucial one. That’s when potential new owner Greg Jamison needs to complete the purchase of the team to maintain the latest deal, but a report in the Arizona Republic indicates that it’s far from a sure thing.
Glendale’s new Mayor Jerry Weiers ranks among those who doubt it can get done on time.
“For the life of me, I can’t figure why, if everything is lined up, if he’s got the money in hand, why would he postpone this? That’s the only thing I haven’t been able to figure out,” Weiers said. “What would be the purpose of delaying it?”
Jamison expressed vague optimism to the Arizona Republic about everything working out when asked last week. Still, this report lays out why missing Thursday’s deadline could be perilous:
If he misses the deadline, the agreement will expire, and with it the goodwill of a previous City Council that offered Jamison lucrative terms that would pay him to manage the 17,125-seat arena.
Glendale voters replaced four of the seven members of the City Council in November, and the new contingent seems unlikely to extend Jamison, or any other potential hockey-team owner, another contract as sweet as the one awaiting Jamison’s signature.
Weiers is one of those newcomers and he reinforced that notion.
“I told Jamison that as opposed as I was to the deal — I thought that the city didn’t get a very good deal out of it — the fact is that the council made that decision,” Weiers said. “The deal that was made said that he has until the 31st to put it together. I’ll honor that, but I also told him that I wouldn’t honor it one second past that.”
This saga has seen countless twists and turns, yet it sounds like the headaches could get larger if Jamison cannot find answers next week.
- Zuccarello takes Rangers’ one year, $3.5M deal 21
- Advancement? Leafs sign Booth for one year, $1.1M 16
- Leafs hire 28-year-old stats advocate as assistant GM 27
- NBC Sports to air over 100 NHL regular-season games in 2014-15 61
- Stars, Roussel agree on four-year, $8 million deal 3
- Vanek connected to federal gambling investigation 61
- Return that toaster: Ovechkin-Kirilenko engagement broken off 52
- Report: Leafs sign Franson to one year, $3.3 million deal 8
- Report: O’Reilly wants $6.7M deal, Avs counter at $5.5M 58
- Report: Blue Jackets, Johansen make ‘significant progress’ toward deal 5
- Kane, Toews could’ve commanded $13.8M cap hits, says agent (83)
- Babcock fires back over allegations that free agents avoid him (77)
- Babcock: Cleary a ‘calculated risk’ after playing last year ‘on one leg’ (70)
- Vanek connected to federal gambling investigation (61)
- NBC Sports to air over 100 NHL regular-season games in 2014-15 (61)