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 1, 2015, 7:15 PM EDT
New Jersey is still working on getting the 18-year-old signed to an entry-level contract.
Aug 1, 2015, 5:15 PM EDT
The two met in the Czech Republic to get to know one another.
Aug 1, 2015, 3:15 PM EDT
Lehtonen and Niemi will account for $10.4 million in cap space next season.
Aug 1, 2015, 12:45 PM EDT
He’s heading into the final year of his two-year, $5 million deal.
Aug 1, 2015, 11:15 AM EDT
Winnipeg was affiliated with the Ontario Reign last season.
Aug 1, 2015, 9:45 AM EDT
He signed a two-year, bridge contract worth $5.6 million on Thursday.
Jul 31, 2015, 10:22 PM EDT
He’s also a veteran of 616 career games.
Jul 31, 2015, 9:01 PM EDT
That’s close to the middle between his and Washington’s requests.
Jul 31, 2015, 8:30 PM EDT
The decision surprised Arizona’s general manager.
Jul 31, 2015, 7:01 PM EDT
The defenseman spent the 2014-15 campaign in the Swiss League.
Jul 31, 2015, 5:36 PM EDT
He considers himself a “young 29.”
Jul 31, 2015, 4:11 PM EDT
Ray Shero’s restructure continues.
Jul 31, 2015, 2:46 PM EDT
There is a key deadline approaching though.
Jul 31, 2015, 1:16 PM EDT
Johnson won a gold medal in 1988, but it was taken away because of a positive steroids test.
Jul 31, 2015, 11:50 AM EDT
There’s a $500 million expansion fee to consider.
Jul 31, 2015, 10:24 AM EDT
This will be a key season for him.
Jul 31, 2015, 9:00 AM EDT
Because once Voracek’s eight-year contract kicks in, they’ll be part of that list.
Jul 31, 2015, 8:00 AM EDT
Friday’s collection of links.
Jul 30, 2015, 10:27 PM EDT
Former NHL stars are among the list of likely candidates.
Jul 30, 2015, 9:00 PM EDT
Has Buffalo set itself up for an era of long playoff runs?
- How do Voracek, Giroux compare to the most expensive duos? 52
- Voracek turns monster season into massive eight-year deal 71
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 28
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 12
- Flyers re-sign Couturier: six years, $26 million 41
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 42
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (71)
- Voracek turns monster season into massive eight-year deal (71)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)