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.
Jul 11, 2014, 9:01 PM EDT
Jason Spezza’s departure likely makes him Ottawa’s No. 1 pivot.
Jul 11, 2014, 8:04 PM EDT
Will their optimism be justified?
Jul 11, 2014, 6:40 PM EDT
He seemed bound for Switzerland on Thursday.
Jul 11, 2014, 5:25 PM EDT
They acquired him from Montreal this summer.
Jul 11, 2014, 3:59 PM EDT
Another interesting young forward in Tampa Bay.
Jul 11, 2014, 2:44 PM EDT
“Evander’s a Winnipeg Jet and that’s how we’re moving forward.”
Jul 11, 2014, 1:52 PM EDT
What could the Blackhawks’ defense look like without him?
Jul 11, 2014, 12:53 PM EDT
Pressure’s on for Randy Carlyle.
Jul 11, 2014, 11:59 AM EDT
“We’re not going to finish last to try and draft people first or second.”
Jul 11, 2014, 11:27 AM EDT
Drafted 22nd overall.
Jul 11, 2014, 10:24 AM EDT
Played for Steve Yzerman during the 2010 Olympics.
Jul 11, 2014, 10:02 AM EDT
“There was no room for negotiation.”
Jul 11, 2014, 9:29 AM EDT
Six-year extension for the 28-year-old center.
Jul 11, 2014, 9:00 AM EDT
Not that there was much left anyways.
Jul 11, 2014, 8:00 AM EDT
Friday’s collection of links.
Jul 10, 2014, 10:59 PM EDT
Two depth moves for San Jose.
Jul 10, 2014, 10:03 PM EDT
They also gave Rinat Valiev an entry-level contract.
Jul 10, 2014, 9:04 PM EDT
He was a hockey operations advisor for two years after ending his playing career.
Jul 10, 2014, 8:01 PM EDT
Both agreed to two-way contracts after making their NHL debuts last season.
Jul 10, 2014, 6:56 PM EDT
He has a window of opportunity to agree to terms with an NHL team.
- Lightning sign Brenden Morrow for one year 23
- Jackets sign Dubinsky through 2020-21 38
- AHL’s new overtime rules include 3-on-3 play 26
- Report: Avs, O’Reilly likely headed to arbitration 64
- Armstrong lays out what Blues offered KHL-bound Sobotka 15
- Blues re-sign Ott; Sobotka to KHL? 35
- Devils ink Schneider to reported seven-year, $42 million deal 62
- Big money: Toews, Kane sign eight-year, $84 million extensions 170
- Jets can’t let Kane situation fester much longer 57
- Report: Sidney Crosby will undergo wrist surgery 59
- Big money: Toews, Kane sign eight-year, $84 million extensions (170)
- Pros and cons of Subban filing for arbitration (67)
- Report: Avs, O’Reilly likely headed to arbitration (64)
- Boyle wanted Big Apple after playing in ‘nontraditional hockey markets’ of Florida, California (63)
- Devils ink Schneider to reported seven-year, $42 million deal (62)