So it could be a one year deal?
Yes. It's likely the NHL offered a two year deal with an out after one year, knowing full well the city wants to use it. 90 days written notice is plenty of time to pull the plug after next season ends.
So it could be a one year deal?
So at least 2 more years of this?
We might be onto thread 300 by then.
Yes. It's likely the NHL offered a two year deal with an out after one year, knowing full well the city wants to use it. 90 days written notice is plenty of time to pull the plug after next season ends.
Gee, thanks, Anthony... nothing like knowing your team is sticking around long enough to REALLY get the relocation rumor mill churning.
Gee, thanks, Anthony... nothing like knowing your team is sticking around long enough to REALLY get the relocation rumor mill churning.
The other key provision is that Glendale can replace the Arena Manager anytime after June 30, 2016 upon 90 days written notice.
Here's the quick breakdown:
- 2 Year Lease thru 6/30/17
- $6.5MM AMF per year
- Arena Manager keeps all revenue (no more city surcharges, parking, etc)
- However, Glendale can replace IA with new Arena Manager after 6/30/16
- Tindall gets fired
Council will no doubt approve this tomorrow.
So it could be a one year deal?
Smells like a transition plan to me
Smells like a transition plan to me
Smells like a transition plan to me
Makes me wonder if there's going to be a separate lease for the Coyotes.
Smells like a transition plan to me
I see the deal as essentially a stall for Seattle to get everything together. So I agree with your premise, essentially.
So Glendale went from paying 15M and getting 6 back so really paying 9 to now paying 6.5 and getting nothing back
All of this drama over 2.5 M
Makes me wonder if there's going to be a separate lease for the Coyotes.
LeBlanc isn't very good at being truthful. But then again he just got the crap kicked out of him by Glendale.
Westhead have his wires crossed or is there more than one menu choice for CoG tomorrow?
What's the incentive for the team and league to agree to a scenario where they might not be the arena manager for a year?
Did i get this right
So basically this mean they will play at Gila river for the 2015-2016 season 100% guarantee
And for 2016-2017 we wont know until April 1st (90 days before june 30th?)
Hard to interpret it as anything else.
15-16: IA gets $6.5MM AMF and all revenues
16-17: City replaces IA with new manager, gets "free" season of hockey
17-18: Coyotes go somewhere that isn't Glendale
What's the incentive for the team and league to agree to a scenario where they might not be the arena manager for a year?
"This revised agreement represents a positive outcome for both the city and the Coyotes," said Glendale Acting City Manager, Dick Bowers. "It also allows us to move forward in a way that keeps an important economic driver in our community. That’s important for business and it’s important to our citizens."
“We have come up with a resolution that works for both sides and is best for the team, our fans, the city and most importantly the taxpayers,†said Coyotes Co-Owner, President and CEO Anthony LeBlanc. “Neither side benefits from a long, drawn out legal battle. What’s important is putting this dispute behind us and focusing on growing the Coyotes business and in turn, further growing revenues for the entire Westgate Entertainment District. This decision will bring much-needed certainty to our fans and sponsors about our near-term future and an end to the uncertainty brought about through this legal action. We know that hockey works in the Valley and we are committed to Arizona for the long-term. We thank Coyotes fans and sponsors for their incredible support throughout this process. They have proven that they are among the most loyal and ardent in the NHL.â€
Gee, thanks, Anthony... nothing like knowing your team is sticking around long enough to REALLY get the relocation rumor mill churning.