Phoenix Coyotes Staying in Glendale
|Norm Hall via NHL.com|
As has been the case every time it's been said over the past few years that the Coyotes are staying, there are a few caveats.
The Glendale City Council voted Tuesday night to approve an arena-management deal with IceArizona Acquisition, a company owned by Renaissance Sports & Entertainment Group.
Caveat one is that the RSE Group doesn't exactly own the Coyotes right now. All indications we've seen from news reports are that the actual purchase of the team is a formality at this point.
Caveat two is that the agreement has an opt clause, so you can tell the cities that wanted to take the Coyotes to suck it, but you would have to tell Seattle and Quebec City to suck it, for now. The buyers have an out-clause after five years, which would allow them to leave town if they've lost enough money.
A lot of the dollar figures are based on projections, but Glendale agrees to pay the owners $15 million a year, although it's supposed to get a chunk of that back, in hockey revenue.
The thought is, that's a lot less damaging for the city's wallet than just having the Coyotes pack up and leave Jobing.com Arena and the Westgate center without hockey.
Although conventional wisdom says never get excited (or pissed) about a potential Coyotes deal until it's 100 percent certain, it looks like this may be the real deal.
That said, we'll leave you with this video of Shane Doan beating up Dustin Brown:
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Follow Matthew Hendley on Twitter at @MatthewHendley.