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.
Mar 16, 2014, 9:46 AM EDT
He’ll rest instead.
Mar 16, 2014, 9:00 AM EDT
The Red Wings will be in a very bad place if they lose this one.
Mar 16, 2014, 7:00 AM EDT
Philadelphia got a big win over Pittsburgh on Saturday.
Mar 16, 2014, 1:53 AM EDT
The Battle of California.
Mar 16, 2014, 1:20 AM EDT
Columbus comes away with the win.
Mar 16, 2014, 12:27 AM EDT
It’s been a while.
Mar 15, 2014, 11:55 PM EDT
Mar 15, 2014, 11:10 PM EDT
Stick on the ice.
Mar 15, 2014, 10:38 PM EDT
Tied it up with less than a second left.
Mar 15, 2014, 10:00 PM EDT
Penguins GM, Ray Shero, was on hand as Philadelphia honored to his father.
Mar 15, 2014, 9:35 PM EDT
He didn’t score in that photo. That’s just a good action photo.
Mar 15, 2014, 9:24 PM EDT
Pittsburgh lost to Philadelphia on Saturday.
Mar 15, 2014, 9:00 PM EDT
Two teams at or near the bottom of the Eastern Conference standings.
Mar 15, 2014, 8:12 PM EDT
Having a tough season.
Mar 15, 2014, 7:43 PM EDT
Lots happening to start this game.
Mar 15, 2014, 7:18 PM EDT
Was the team’s captain, and played there from 1996 to 2008.
Mar 15, 2014, 6:31 PM EDT
He was hurt against Los Angeles on Thursday.
Mar 15, 2014, 6:02 PM EDT
He’s been playing center all season.
Mar 15, 2014, 5:30 PM EDT
He had three assists against Vancouver on Friday.
Mar 15, 2014, 5:00 PM EDT
Sunday afternoon, the Vancouver Canucks face the Florida Panthers and that means a reunion with Roberto Luongo. Luongo, who was sent to Florida by Vancouver ahead of the trade deadline, has settled into a comfortable (albeit losing) situation in Sunrise. Meanwhile the Canucks have had a rough go of things lately. Luongo’s former teammates are…
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