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Confirmed with Link: All-Purpose Coyotes Arena Talk: [Update] Land Auction Cancelled, Meruelo waiving ownership rights.

Jakey53

Registered User
Aug 27, 2011
30,409
9,361
Jamieh said:
Aren't the Coyotes ending a lease early right now after paying $20 plus million upfront?? That sure doesn't look like a better alternative than negotiating a City friendly deal with Glendale that didn't make them the laughing stock of the League?? And maybe spend some money on tge product while in an arena that has seats to sell might have been a better plan??
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This day and age with the cap going up and all, teams need extra income, that is why most new arenas have an entertainment district. The days of only relying on an arena for income have long gone.
 

Jamieh

Registered User
Apr 25, 2012
11,382
6,439
Jakey53 said:
This day and age with the cap going up and all, teams need extra income, that is why most new arenas have an entertainment district. The days of only relying on an arena for income have long gone.
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My suggestion was short term , not a permanent solution.
 
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adsfan

#164303
May 31, 2008
12,892
3,921
Milwaukee
TheLegend said:
Bitching about Roadrunners tickets at Mullett?? Take a look at what Vegas charges for Henderson. And that's for ALL games.

View attachment 881145
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I sat in section 16 in January. I would estimate that the arena seats 5,000 or so. It is really small, so they need to charge more. The Admirals beat the Silver Knights 2-0 and 7-0, so they were not a good team.

I remember the price being $30 or so, not $49.
 
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Bondurant

Bondurant

Registered User
Jul 4, 2012
6,578
6,093
Phoenix, Arizona
RemoAZ said:
Hey look, a Meruelo puff piece...not
www.azcentral.com

Arizona Coyotes' billionaire former owner is the cheapest cheapskate of them all

Opinion: Billionaire Alex Meruelo laid off his Coyotes hockey staff. Remember this, Phoenix, when he comes knocking with his hand out for a tax break.
www.azcentral.com www.azcentral.com

Arizona Coyotes' billionaire former owner is the cheapest cheapskate of them all​

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So, he's supposed to keep paying a staff to do nothing for 5 years because he's a billionaire. Somehow I knew this would be a Laurie Roberts take before clicking on the link.
 
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Arizonatah Coyetis

Arizonatah Coyetis

Formerly Kai Yo T
Nov 27, 2006
3,614
4,324
Scottsdale, AZ
I'm certainly not a Meruelo fan, but the author is withholding/overlooking a lot of details in the saga (being convinced to sell by the NHL for example) and holding Meruelo to a higher standard than any other billionaire sports franchise owner to single him out as cheap. Not saying it's right, but it's not out of the norm.

Heavy bias is obvious in this article.

Didn't know Meruelo owned an island.
 
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GhostofTommyBolin

GhostofTommyBolin

Registered User
Aug 18, 2016
1,273
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Chandler, AZ
Bondurant said:
So, he's supposed to keep paying a staff to do nothing for 5 years because he's a billionaire. Somehow I knew this would be a Laurie Roberts take before clicking on the link.
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No. She said of course he let them go because he doesn't need a hockey staff when there's no hockey team. But he could have paid them a decent severance.

Kai Yo T said:
I'm certainly not a Meruelo fan, but the author is withholding/overlooking a lot of details in the saga (being convinced to sell by the NHL for example) and holding Meruelo to a higher standard than any other billionaire sports franchise owner to single him out as cheap. Not saying it's right, but it's not out of the norm.

Heavy bias is obvious in this article.

Didn't know Meruelo owned an island.
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Sarver paid every employee $20,000 each when he sold to Ishbia. And Sarver is a giant douche.

Sinurgy said:
To convince everyone other than you and your choir boys the reason the Coyotes are gone is because Phoenix isn't a sports town. :laugh:
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It's not a sports town.
 
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Edenjung

Edenjung

Registered User
Jun 7, 2018
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MayDayMayDay said:
https://x.com/i/web/status/1803178842124853536

I mean, there's no way in hell, right? Right?!
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Well Ishbia and the Suns need an Arena in the future.
so that makes sense.
And AM could go halfsies with Ishbia, sell him 20% of the team with the option for another 29% when he is allowed to and they can build the place for both teams in the future.
But i doubt that. AM is way to egotistical and proud to make a reasonable move like that.
 
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awfulwaffle

awfulwaffle

Registered User
Jun 20, 2011
11,949
1,974
Dallas, TX
To those commenting on severance, Arizona is a right to work state. Companies don't owe you anything(and you shouldn't be owing anything to the company you work for). I'm sorry to say this(and I said this previously), but Coyotes employees should have been looking for a new job once the sale was announced. While I feel for the employees(I don't like to see anyone losing their job), what did they realistically expect when the main driver of their employment is sold and moving to a different state?

I do hope, that AM would assist with placement agencies to help assist the old employees in finding a new position somewhere else. I have no idea if he's done that, but THAT is what I would expect from this whole situation. Not a big severance package.
 
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Arizonatah Coyetis

Arizonatah Coyetis

Formerly Kai Yo T
Nov 27, 2006
3,614
4,324
Scottsdale, AZ
GhostofTommyBolin said:
Sarver paid every employee $20,000 each when he sold to Ishbia. And Sarver is a giant douche.
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I'd like to read about this. Can't find any info. on it though, where did you hear it?

Severance packages are typically based on length of time with the company, salary, position, and performance. A common calculation is one to two weeks of pay for each year of service. It seems odd (special maybe) that "every employee" would get a cookie cutter $20,000 severance. Would just like to see the details. Was the $20,000 actually a severance or something else in the Suns case? Did Sarver actually lay people off right before Ishbia took over?

There's got to be more details to both scenarios that we aren't hearing.

Edit: I just saw it. Sarver gave a $20,000 bonus to every full time employee that had bee employed by the Suns/Mercury for at least one year. A total of $6M in bonuses, so 300 of the employees got it. Good for him!
 
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