Skip to content

Coyotes, Glendale agree to arena lease deal in principle

Jun 14, 2013, 10:29 PM EST

Phoenix Coyotes v Philadelphia Flyers Getty Images

Attach all the necessary “maybe” and “however” caveats, but Friday brought what appeared to be fantastic news for the Phoenix Coyotes, as Sportsnet’s John Shannon reports that the City of Glendale agreed to an arena lease deal in principle with Renaissance Sports Entertainment.

Perhaps the best part for beaten-down Coyotes fans is that the lease would cover 15 years, which is a far cry from the five-year out-clauses that darkened optimism earlier in the process.

As the Sportsnet report notes, Glendale’s city council needs a majority vote (at least four out of seven) on Tuesday to make this official. So hold off on your “Forever in Glendale” Coyotes tattoos for the time being.

This news comes on the heels of a Fox Sports Arizona report that the two sides bridged a significant $9 million annual gap in the deal.

It also likely puts an end to speculation about a “mystery buyer,” although if you’ve followed this saga long enough, you probably know that it’s never really safe to assume that anything’s certain.

Many wondered how two deadlines (a Glendale City Council meeting on June 25 and an NHL Board of Governors meeting on June 27) would affect this process, but now it seems that those dates are less threatening.

Of course, it’s again important to remember that nothing is set in stone until official announcements about the team staying are made. Still, this at least appears to be a big break in favor of avoiding relocation.

Latest Posts
  1. Predators’ losing streak hits five games

    Mar 5, 2015, 11:02 PM EST

    Pekka Rinne, Michael Grabner AP

    Brock Nelson scored the winner.

  2. Lawyer: Ribeiro to ‘vigorously fight’ $1M lawsuit alleging abuse of ex-nanny (Updated)

    Mar 5, 2015, 7:13 PM EST

    Mike Ribeiro Mike Ribeiro

    “At the same time, Mike will maintain his focus on doing all he can to help Nashville win its first-ever Stanley Cup.”

  3. Ovechkin (lower body) to miss first game of the season tonight

    Mar 5, 2015, 6:47 PM EST

    Washington Capitals v New York Islanders Getty Images

    Won’t suit up when the Caps take on Minnesota.

  4. Bruins sign former WHL captain Justin Hickman

    Mar 5, 2015, 5:27 PM EST

    Seattle Thunderbirds v Kelowna Rockets Getty Images

    Big forward who doesn’t mind dropping the gloves.

  5. (Video) PHT Extra: Why would Babcock leave the Wings now?

    Mar 5, 2015, 4:26 PM EST

    Mike Babcock Mike Babcock

    He recently called them the “best group I’ve had since ’09.”

  6. Preds ‘out for a little revenge’ versus Isles

    Mar 5, 2015, 3:00 PM EST

    Taylor Beck, Anders Lee, Josh Bailey AP

    Nashville’s won just two of its last eight.

  7. Edler, Burrows, and Kassian expected back for Canucks, who ‘better be’ ready for Coyotes

    Mar 5, 2015, 2:05 PM EST

    AlexEdler Getty Images

    “We only have 19 games left and we have to be winning and getting points.”

  8. ‘Banged up’ Ovechkin questionable for Caps versus Wild

    Mar 5, 2015, 12:33 PM EST

    Alex Ovechkin AP

    Will take the pre-game skate to determine if he can play.

  9. In praise of the Hamburglar

    Mar 5, 2015, 12:18 PM EST

    Patrick Wiercioch, Andrew Hammond Getty Images

    That’d be Sens goalie Andrew Hammond.

  10. Leafs’ Panik latest to be fined for diving

    Mar 5, 2015, 12:11 PM EST

    Phil Kessel; Peter Horachek Phil Kessel; Peter Horachek

    Following an incident against Washington on Mar. 1.

Featured video

Is there an issue with Babcock in Detroit?
Top 10 NHL Player Searches
  1. K. Okposo (3209)
  2. H. Lundqvist (3108)
  3. T. Seguin (2892)
  4. M. Giordano (2862)
  5. F. Andersen (2822)
  1. H. Zetterberg (2542)
  2. N. Horton (2462)
  3. T. Hall (2328)
  4. P. Sharp (2056)
  5. D. Clarkson (2055)