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NHL: Phoenix Coyotes Staying in Glendale
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NHL: Phoenix Coyotes Staying in Glendale

Jul 4 2013, 12:15am CDT | by

The Phoenix Coyotes are staying in Glendale after the city reached an agreement for a new arena.

The Phoenix Coyotes are staying in Glendale after the city reached an agreement for a new arena.  Craig Morgan of Fox Sports Arizona writes the Glendale City Council voted 4-3 that will pave the way...

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1 year ago

NHL: Phoenix Coyotes Staying in Glendale

Jul 4 2013, 12:15am CDT | by

The Phoenix Coyotes are staying in Glendale after the city reached an agreement for a new arena.

The Phoenix Coyotes are staying in Glendale after the city reached an agreement for a new arena. 

Craig Morgan of Fox Sports Arizona writes the Glendale City Council voted 4-3 that will pave the way for an arena lease deal. It stipulates Renaissance Sports and Entertainment it will pay RSE $15 million annually in exchange for several revenue streams which RSE considers to cover all of the city's costs, per Morgan.  

The lease deal for Jobing.com Arena amounts to $225 million over a 15-year period, per Yahoo! Sports' Greg Wyshynski. 

Morgan also notes the deal was amended prior to the vote to remove a five-year out clause which would not have been approved by RSE's lenders or the NHL. In exchange and in Morgan's words, "RSE guaranteed to cover Glendale's losses in excess of $6 million if the ownership group opts to exercise its own out clause and relocate the team after five years."

RSE also added Global Spectrum, an arena management firm that also helps run the Arizona Cardinals' University of Phoenix Stadium, as a partner in managing Jobing.com Arena which could translate to more revenue for the city of Glendale. 

Coyotes general manager Don Maloney said they certainly got the result they needed. 

"Everybody who's followed this sage has said decide something or just shoot us. Fortunately, we got the result we needed to stay in a great place and a great hockey town."

According to Jesse Spector of the Sporting News, the outcome of the voting will allow RSE to buy the franchise, which has been under league ownership for the past four years. RSE has until August 5 to finalize the deal. It is also expected to change the name of the team to the Arizona Coyotes, he adds. 

The Coyotes finished 21-18-9 in the 2012-13 NHL season, placing fourth in the Pacific Division and missing the playoffs.

 
Update
7

2 weeks ago

Coyotes hold off Maple Leafs

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Mike Smith stopped 28 shots, Sam Gagner scored in his second straight game and the Arizona Coyotes held off the Toronto Maple Leafs 3-2 Tuesday night. ...
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4 weeks ago

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Oliver Ekman-Larsson scored at 2:20 of overtime, Mike Smith stopped 23 shots, and the Arizona Coyotes rallied to beat the Florida Pant ...
Source: NHL Hockey News : CBSSports.com   Full article at: NHL Hockey News : CBSSports.com
 

 
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6 weeks ago

Bold Predictions for the Los Angeles Kings as the 2014-15 NHL Season Begins

Oct 9 2014 9:49pm CDT | Source: Bleacher Report

The Los Angeles Kings started the 2014-15 NHL season the same way they started the 2013-14 playoffs, by losing big to the San Jose Sharks.  A 4-0 win over the Kings probably did little to erase the Sharks' memories of their playoff collapse, as L.A. celebrated its Stanley Cup win, raising the championship banner to the rafters.  It's a result many predicted, given that the champs in recent years seem to suffer from some form of Stanley Cup hangover. The Kings will ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
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6 weeks ago

Nick Leddy trade opens door for young defensemen

Oct 6 2014 7:12pm CDT | Source: chicago sun-times

Defenseman David Rundblad has played in seven NHL games since Dec. 6. And, no, he hasn’t been injured. ‘‘You always want to play games,’’ said Rundblad, who has been a healthy scratch a combined 64 times with the Phoenix Coyotes and the Blackhawks during that span. ‘‘It’s never fun not to play. I’m just going to try and work hard ever ...
Source: chicago sun-times   Full article at: chicago sun-times
 

 
Update
3

7 weeks ago

Watch: Oilers host Coyotes in pre-season play

Oct 1 2014 10:13am CDT | Source: Sportsnet.ca

The Edmonton Oilers (3-2-0) continue their pre-season play on Wednesday night when they host the Arizona Coyotes (4-0-2) at 9:00 p.m. ET / 7:00 p.m. MT. The game will be streamed live on Sportsnet.ca to viewers in the Oilers broadcast region (Alberta, Saskatchewan, Northwest Territories and Nunavut). More NHL on Sportsnet: Subscribe: Rogers Ga ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 
Update
1

7 weeks ago

Watch: Oilers host Coyotes in pre-season play

Oct 1 2014 10:13am CDT | Source: Sportsnet.ca

The Edmonton Oilers (3-2-0) continue their pre-season play on Wednesday night when they host the Arizona Coyotes (4-0-2) at 9:00 p.m. ET / 7:00 p.m. MT. The game will be streamed live on Sportsnet.ca to viewers in the Oilers broadcast region (Alberta, Saskatchewan, Northwest Territories and Nunavut). More NHL on Sportsnet: Subscribe: Rogers GameCentre Live Rogers ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca
 

 

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Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

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