Sorry for being negative... but I dont exactly buy it.
Certainly the players must have known that being paid millions while playing in an arena below CHL standards couldn't be a financially viable permanent solution.
But then again, I am sure many Enron employees were also surprised when the unsustainable accounting construct inevitably fell appart.
So I actually know someone who used to work for Enron. Yes they were surprised.
It's the old line about bankruptcy - it happens very slowly - then all at once. You can tell that something doesn't look sustainable, but the situation lasts for years and years and years - until all of a sudden it doesn't.
So look, this is some of the most negative reporting about Arizona I've seen in over a decade of following the story. But that doesn't 100% mean the team is relocating - since I was 100% convinced back in 2010-2011 the team was moving, and clearly I was wrong.
Let me say I will mourn for all Coyotes fans - it sucks to lose your hockey team. I went through that in 1996 (Winnipeg) and wouldn't wish that on any hockey fan.
What interests me the most is the reported cost of $1.2 Billion - that's nearly double the cost of Seattle just a few years ago. And I very much want to watch how the cost breaks down in terms of purchase price versus "relocation fee". The "relocation fee" was only ever charged once that I can tell, for Atlanta to Winnipeg, but it seems to cover the idea that the league wants to avoid a windfall to an otherwise failed ownership group.