Jul 3, 2013, 11:20 AM EST
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.
Dec 25, 2014, 3:00 PM EST
Hockey mourned the loss of two of its most respected individuals.
Dec 25, 2014, 2:00 PM EST
It wasn’t the reason he was fired, but it sure was memorable.
Dec 25, 2014, 1:00 PM EST
After 22 years, the Finnish Flash called it a day.
Dec 25, 2014, 12:00 PM EST
From down 0-3 to winning it all.
Dec 25, 2014, 11:00 AM EST
Over 105,000 descended on Ann Arbor for an unforgettable experience.
Dec 25, 2014, 10:00 AM EST
Even a disappointing Olympic finish can’t erase a star-making moment.
Dec 25, 2014, 9:00 AM EST
Was quite the playoff run for L.A. and its 27-year-old defenseman.
Dec 25, 2014, 8:00 AM EST
Check back often. It’s an all-day thing.
Dec 24, 2014, 8:59 PM EST
Only Glen Sather is ahead of him.
Dec 24, 2014, 7:51 PM EST
“It’s like a little miracle down here.”
Dec 24, 2014, 6:40 PM EST
The goal was initially credited to Martin St. Louis.
Dec 24, 2014, 5:54 PM EST
Will he eventually earn a full-time NHL roster spot?
Dec 24, 2014, 4:31 PM EST
His stint with the Lightning was brief, but memorable.
Dec 24, 2014, 3:28 PM EST
Not surprisingly, the Kings feature prominently.
Dec 24, 2014, 2:22 PM EST
League rules that Jackman wasn’t expecting to be punched, “nor should he be.”
Dec 24, 2014, 1:18 PM EST
Dec 24, 2014, 12:23 PM EST
Owner Eugene Melnyk has called the potential move a “game-changer.”
Dec 24, 2014, 11:18 AM EST
“We’re seeing some of his best hockey,” Claude Julien said.
Dec 24, 2014, 11:18 AM EST
And they’re planning to start taking deposits for the 2016-17 season.
Dec 24, 2014, 11:05 AM EST
Minnesota’s lost four straight, and six of its last eight.
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