Jul 3, 2013, 11:20 AM EDT
Last night was a good one for Coyotes fans. The prospective owner of the club, Renaissance Sports and Entertainment, got its $225 million arena-management agreement approved by the City of Glendale, allowing the club — to be called the Arizona Coyotes — to remain in the desert.
“For the people of Arizona and for Coyotes fans, we’re finally in a position to begin focusing on life without all the uncertainty,” NHL commissioner Gary Bettman said.
But with all due respect, much uncertainty remains. In large part because of this:
That there is the contentious out clause that RSE was able to negotiate, allowing it to terminate the agreement (and relocate the team, presumably) after five years should cumulative losses reach $50 million.
Others are more skeptical, wondering if RSE’s end goal has always been to relocate the Coyotes. It should be noted that, in five years, new arenas could be standing in Seattle, Quebec City, and Las Vegas.
Whatever you believe, the following questions are worth asking now and monitoring going forward:
Will Coyotes fans rally around the out clause, knowing if they don’t support the team they could lose it? Or, will the out clause serve as an ongoing roadblock to making a financial and emotional investment?
How will the Coyotes address payroll? They’ll need to spend wisely to keep losses to a minimum; however, if they don’t spend enough they’ll risk icing a bad team and missing the playoffs (which would, of course, hurt revenues).
How high will the salary cap/floor reach over the next five years? Some have suggested it could go up considerably, making it even tougher on the NHL’s have-nots.
Yesterday, Bettman sounded optimistic at the potential for success with the Coyotes no longer being run by the league.
“With ownership that’s committed to making the franchise a success, with an opportunity for businesses and fans to know that there’s no uncertainty, we think that this franchise can do very, very well,” said Bettman.
We shall see.
Aug 28, 2014, 8:21 PM EDT
It wasn’t even close.
Aug 28, 2014, 7:11 PM EDT
They have a lot of players on their roster with something to prove.
Aug 28, 2014, 5:59 PM EDT
There’s no timetable for his return.
Aug 28, 2014, 4:47 PM EDT
The former first round pick is entering the last season of his entry-level contract.
Aug 28, 2014, 3:35 PM EDT
Chris Stewart seems to think so.
Aug 28, 2014, 2:29 PM EDT
Arizona or Carolina could relocate according to the host.
Aug 28, 2014, 1:33 PM EDT
Milano clears the air on deal with Columbus.
Aug 28, 2014, 12:36 PM EDT
To be implemented for 2014-15 season.
Aug 28, 2014, 12:09 PM EDT
Calls out former coaches Marc Crawford, Alain Vigneault and John Tortorella
Aug 28, 2014, 11:12 AM EDT
After a solid junior career, hopes to make the Sabres as an 18-year-old.
Aug 28, 2014, 10:02 AM EDT
Last appeared in 10 games with the Montreal Canadiens during the 2012-13 season.
Aug 28, 2014, 9:00 AM EDT
He is scheduled to appear in court on Oct. 9.
Aug 28, 2014, 8:00 AM EDT
They’re in the middle of a rebuilding process.
Aug 27, 2014, 10:49 PM EDT
Of course, neither will be wearing a Sabres’ uniform – not yet at least.
Aug 27, 2014, 9:40 PM EDT
They’ve also appointed Don Sweeney as the AHL team’s new general manager.
Aug 27, 2014, 8:28 PM EDT
It matters given that they will start next season with a largely unchanged roster.
Aug 27, 2014, 7:20 PM EDT
Ken Holland hasn’t been in contact with him lately, but that will change soon.
Aug 27, 2014, 6:10 PM EDT
He hasn’t played for them since 2007.
Aug 27, 2014, 4:55 PM EDT
It’s a two-way deal.
Aug 27, 2014, 3:47 PM EDT
Mr. Hockey still reigns supreme in Detroit.
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