The NHL is preparing a contingency that could relocate the Coyotes to Utah as soon as next season, sources told ESPN.
www.espn.com
A league source told ESPN that a Coyotes relocation could involve two separate transactions.
The NHL would purchase the Coyotes from Meruelo in a deal believed to be worth around $1 billion. This would mark the second time the NHL would have owned the Coyotes, buying the franchise from owner Jerry Moyes in 2009 after he filed for bankruptcy. The league owned and operated the Coyotes until 2013.
The league source said that after purchasing the team, the NHL would then sell the Coyotes to Smith at a price that could be as high as $1.3 billion -- much higher than the $650 million expansion fee that the Seattle Kraken's owners paid in 2021 to join the league. The source said the NHL's other 31 owners would split $300 million as part of the sale.
Reported by all the sports media outlets. Articles citing league sources. The NHL almost never publicly muses about relocation unless it's imminent.
I think this really is the end for our old Jets 1.0 in Arizona.