Jul 3, 2013, 2:02 AM EDT
The former Phoenix Coyotes — now the Arizona Coyotes — will stay in Glendale.
Well, for a little while longer.
In a 4-3 vote, the City Council has approved prospective Coyotes owner Renaissance Sports & Entertainment’s (RSE) 15-year, $225 million lease agreement for Jobing.com Arena. That will pave the way for RSE to buy the team with the goal of keeping them in Glendale.
At the same time, this isn’t necessarily the end of the Coyotes’ long saga.
While this deal will give the franchise another shot, RSE did retain an out-clause that can be activated if the team’s losses reach a cumulative total of $50 million or more within the first five years of this agreement.
Conversely, Glendale doesn’t have an out-clause.
That being said, RSE added a “make whole” component that would provide the city with some compensation should the team relocate, according to Yahoo! Sports’ Nick Cotsonika.
RSE will also have the backing of the Philadelphia Flyers’ owners, Global Spectrum.
“Combining Global Spectrum’s management of the stadium next door with the efforts at the arena creates unique operating efficiencies that will be financially beneficial to both venues,” Flyers president Peter Luukko said prior to the vote.
So the long-term future of the Coyotes is still very much in doubt. But at least it looks like they’ll have something that they haven’t had since 2009:
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You know, the one injured on “that” slash from P.K. Subban.
Aug 28, 2015, 9:00 PM EDT
Which is great news for Dallas.
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The club’s top pick at this year’s draft.
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Former Avs and Habs goalie spent all of last year in the AHL.
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Yet another NHL club hiring a fancy stats guy.
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Scored a career-high 19 goals and 40 points last year.
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Former Panthers, Devils head coach takes over a team that “hit a little bit of a rut.”
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After an up-and-down rookie year, he’s looking to solidify his spot.
Aug 28, 2015, 12:19 PM EDT
Legendary Isles coach had been battling Parkinson’s and dementia.
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Bit of an issue last season, if you’ll recall.
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From little-used backup to clear-cut No. 1.
Aug 28, 2015, 10:03 AM EDT
It all comes down to goaltending.
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Their playoff streak ended after 10 straight appearances.
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Friday’s collection of links.
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The defenseman had 34 points in 66 OHL games last season.
Aug 27, 2015, 8:58 PM EDT
He might end up with a two-year deal.
Aug 27, 2015, 8:21 PM EDT
He’s entering the final season of his five-year, $22 million deal.
Aug 27, 2015, 6:48 PM EDT
Playoff seeding will be determined by points percentage.
Aug 27, 2015, 5:18 PM EDT
It could prove to be a bargain deal.
Aug 27, 2015, 4:25 PM EDT
The Penguins are a win now team coming off of a quick first round exit.
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