Phoenix CXXIII: Who Wants to Pay Our Bills?

[Snarky Coyote]

OK, confirmed with link. AZ Central is saying breaking news, they'll have more later when they have time to add it to this story below, but Alice Cooper has bought the Arizona Coytes for $500,000,001, and will rename the team the Phoenix Feed-My-Frankensteins. In a brief press conference, Mr. Cooper said previous owners were too much of "nice guys," so he was going to explore what he might do differently in that regard. He also said a major problem for the team to get kids to come to games on school nights is that school is only out for summer; he will propose to the legislature that school be out for winter, too. This will reduce the amount the legislature was being asked to increase on spending for education, and that money can now be spent on an arena in Phoenix, instead. More to follow, but I think this is the long-term solution we've all been waiting for!

http://www.azcentral.com/story/news...-million-arena-deal-on-life-support/98321466/

Well played sir, well played

 

[The Feckless Puck]

OK, confirmed with link. AZ Central is saying breaking news, they'll have more later when they have time to add it to this story below, but Alice Cooper has bought the Arizona Coytes for $500,000,001, and will rename the team the Phoenix Feed-My-Frankensteins. In a brief press conference, Mr. Cooper said previous owners were too much of "nice guys," so he was going to explore what he might do differently in that regard. He also said a major problem for the team to get kids to come to games on school nights is that school is only out for summer; he will propose to the legislature that school be out for winter, too. This will reduce the amount the legislature was being asked to increase on spending for education, and that money can now be spent on an arena in Phoenix, instead. More to follow, but I think this is the long-term solution we've all been waiting for!

http://www.azcentral.com/story/news...-million-arena-deal-on-life-support/98321466/

+100,000 Internets to you, sir. You have made my day!

 

[WildGopher]

+100,000 Internets to you, sir. You have made my day!

Well, you started the "Alice Cooper buys the Coyotes" rumor, dude. I just hope its accurate, or I'm going to look pretty foolish here!

 

[Tom ServoMST3K]

Well, you started the "Alice Cooper buys the Coyotes" rumor, dude. I just hope its accurate, or I'm going to look pretty foolish here!

Alice Cooper to buy Coyotes, E5

If you google "Coyotes Alice Cooper" you get over 400,000 results. If that's not confirmation, I don't know what is.

 

[WildGopher]

Alice Cooper to buy Coyotes, E5

If you google "Coyotes Alice Cooper" you get over 400,000 results. If that's not confirmation, I don't know what is.

That's good enough for internet documentation! It's official, then!

 

[powerstuck]

Time to resurrect an old question. If Paul Allen lays $200 million cash and assumes the debt, is it announced as a $400 million purchase?

Is the goal to collect all cash, or is inflating the purchase price an option?

Definitely, your analysis is very possible. Look at my numerical analysis above. it seems to me that the investment the league has in the Arizona, assuming that the league is going to cover all of the losses eventually, is higher than the price Allen in Portland will pay. But that is only my thought, too.

Further, there is no way to know for sure if IA has some sort of arrangement with NHL wherein IA comes out unscathed. It could be that IA loses 25M or something as well. Who knows?

ETA: As others have written, the real question here is....

What exactly is the relationship between IA and NHL? And, what is actually in their ownership contract?

At what point does NHL pulls the plug ?

I know Coyotes may be worth $500M in Quebec, but that's not happening for now. So...if AZ politicians stop giving free money, at what point does NHL gets tired of spending money and sell to Allen in Portland for a ''loss''.

At some point, you can keep accumulating losses at $20M/year or you can sell at a loss and stop the bleeding or you can fold the franchise and lose all $500M. (The last point, if you ask me, requires )

 

[Jeffrey93]

At what point does NHL pulls the plug ?

I know Coyotes may be worth $500M in Quebec, but that's not happening for now. So...if AZ politicians stop giving free money, at what point does NHL gets tired of spending money and sell to Allen in Portland for a ''loss''.

At some point, you can keep accumulating losses at $20M/year or you can sell at a loss and stop the bleeding or you can fold the franchise and lose all $500M. (The last point, if you ask me, requires )

Very good question. The best thing that happened for the NHL is that pretty much everyone got tired of reporting about this franchise's shenanigans.

 

[mesamonster]

Changing subjects for a minute. The Coyotes have assembled a slew of draft picks and have begun purging a few more expensive contracts. I expect Doan to retire as his best years are now far back in the rear view mirror. The challenge Chayka and Tippett will have in the off season is fielding a payroll that comes anywhere near the cap floor. Any thoughts on how they are going to make this work?

Secondly, with regard to Tippett, thoughts on why he is still running this club? Look around the league, I don`t believe you will find another coach who has missed the playoffs for five straight years and is still coaching that team? His retention is further proof that IA has lost sight of anything that has to do with the on ice product. Further proof that they are merely placeholders without any say in the direction of the product. They have to know that if they fired him they could relieve themselves of his $4MM salary, save some money and send the club in perhaps a better direction? The inability to make such obvious personnel decisions is further proof that this club is in a holding pattern until GB/BOG can find them a new home.

 

[MNNumbers]

Changing subjects for a minute. The Coyotes have assembled a slew of draft picks and have begun purging a few more expensive contracts. I expect Doan to retire as his best years are now far back in the rear view mirror. The challenge Chayka and Tippett will have in the off season is fielding a payroll that comes anywhere near the cap floor. Any thoughts on how they are going to make this work?

Secondly, with regard to Tippett, thoughts on why he is still running this club? Look around the league, I don`t believe you will find another coach who has missed the playoffs for five straight years and is still coaching that team? His retention is further proof that IA has lost sight of anything that has to do with the on ice product. Further proof that they are merely placeholders without any say in the direction of the product. They have to know that if they fired him they could relieve themselves of his $4MM salary, save some money and send the club in perhaps a better direction? The inability to make such obvious personnel decisions is further proof that this club is in a holding pattern until GB/BOG can find them a new home.

IN regards to Tippett, how long is his contract for? If they fire him, they still have to pay him if it is guaranteed. So, keeping him employed might also be a $$ saving move.

 

[mesamonster]

IN regards to Tippett, how long is his contract for? If they fire him, they still have to pay him if it is guaranteed. So, keeping him employed might also be a $$ saving move.

My point exactly. Rather than terminate him and take the financial hit on the remainder of the contract, they would prefer to pay him and suffer the consequences on the ice. The fact that he has not been let go is an indicator that they are unwilling to do anything to improve the product. money to them is everything, winning means nothing. They only care about saving as much money as possible and waiting for GB`s next move to bail them out of their untenable placeholder position.

 

[Slashers98]

My point exactly. Rather than terminate him and take the financial hit on the remainder of the contract, they would prefer to pay him and suffer the consequences on the ice. The fact that he has not been let go is an indicator that they are unwilling to do anything to improve the product. money to them is everything, winning means nothing. They only care about saving as much money as possible and waiting for GB`s next move to bail them out of their untenable placeholder position.

Good luck finding pricey veterans to reach the cap floor as Las Vegas will also need a few of them and between the two situations, the choice is not hard to make!

 

[aqib]

Good luck finding pricey veterans to reach the cap floor as Las Vegas will also need a few of them and between the two situations, the choice is not hard to make!

are there any other Pronger type contracts out there?

 

[mesamonster]

are there any other Pronger type contracts out there?

if there are you can be certain young Mr. Chayka will be the high bidder.

 

[Roadrage]

if there are you can be certain young Mr. Chayka will be the high bidder.

Well, young Mr. Chayka will have LV to bid against and other teams will see that the Coyotes may have difficulty reaching the cap floor and therefore not have the same leverage as last season.

 

[Llama19]

are there any other Pronger type contracts out there?

Maybe they will give him an extension...

 

[Killion]

Good luck finding pricey veterans to reach the cap floor as Las Vegas will also need a few of them and between the two situations, the choice is not hard to make!

Yeah, but then theyve' already been at a disadvantage since 2009/10 which from then until now has only gotten worse. The addition of LV is simply one more team with whom they have to compete for free-agents and the fact is they havent been able to compete, arent even in the race due to the uncertainty of the clubs future and inability to match or beat offers with the exception of a couple of instances... They really are well & truly handcuffed as a result of the situation they themselves (the NHL & IA) authored.

 

[cbcwpg]

Well, young Mr. Chayka will have LV to bid against and other teams will see that the Coyotes may have difficulty reaching the cap floor and therefore not have the same leverage as last season.

This will look so good on the NHL.... two teams fighting tooth and nail to sign old / retired / permanently injured / washed up players to massive cap hit contracts just to reach the arbitrary cap floor.

Next up for bid starting at a $7 million cap hit with $100,000 in real salary.... Bobby Orr.

This league can be the biggest joke sometimes. Just get rid of the cap floor already. If teams want to put $5 million in salary on the ice and get shellacked... that's their problem.

 

[Killion]

This will look so good on the NHL.... two teams fighting tooth and nail to sign old / retired / permanently injured / washed up players to massive cap hit contracts just to reach the arbitrary cap floor.

Next up for bid starting at a $7 million cap hit with $100,000 in real salary.... Bobby Orr.

This league can be the biggest joke sometimes.

Yes, and note how when Bill Daly was asked about these signings, Datsyuk etc, gives them a free pass, excuses them. That as its permitted in the CBA "no problem".... Excuse me? Since when does the NHL make excuses for & seemingly approve of teams driving a fleet of Mack Trucks through the gaping holes in their own CAP system? Pretty sure Dalys' attitude towards any number of other clubs pulling those kinds of stunts would be entirely different, complete opposite. All fine n' dandy for their own little pet project though. No problem.... Yeah.... Tell that to the fans in Arizona why dont ya. Your fake owners barely have 2 nickles to rub together so dont expect to be much better than a mid-level AHL franchise for the foreseeable future.

 

[WildGopher]

This will look so good on the NHL.... two teams fighting tooth and nail to sign old / retired / permanently injured / washed up players to massive cap hit contracts just to reach the arbitrary cap floor.

Next up for bid starting at a $7 million cap hit with $100,000 in real salary.... Bobby Orr.

This league can be the biggest joke sometimes. Just get rid of the cap floor already. If teams want to put $5 million in salary on the ice and get shellacked... that's their problem.

I won't argue with the concept, but players won't accept a salary cap without a salary floor.

 

[WildGopher]

are there any other Pronger type contracts out there?

Hillary Clinton expected to be signed to a big four-year contract in Washington, with an option for four more, that didn't quite work out. Maybe the Coyotes could pick up some of that space. Could put her to work in PR, or something. Maybe lobbying some of those reluctant Democratic Senators for arena bills. Hubby Bill, too. Dude used to get millions for speeches. Put some of that toward the cap space.

 

[mesamonster]

This is the ugly downside of this teams attempt at saving money. Maybe the league will allow them to expand their major league roster to 25 in order to comply or abandon Tucson and combine both rosters, maybe then they will find the cap floor!

 

[WildGopher]

Three bills up today in the Senate, but not SB1149. There's more and more of a ghost-town silence coming from Worsleyville these days, just a hot wind howling through abandoned streets; an occasional lizard darting across a dusty road; little hope any more that anyone's coming back to revive this God-forsaken desert outpost of a bill. Buildings crumbling, being torn apart for firewood. Wire back to the mapmakers back East: You can take this ghost town off the charts when you print next year's maps. Gone.

 

[Killion]

... Gone.

... yep... meanwhile in Glendale, home of Marty Robbins.... www.youtube.com/watch?v=zD8MnvyAi6I ... all dressed up & ready for the show but for the idiocy, childish petulance of Anthony LeBlanc...

 

[Boris Zubov]

... yep... meanwhile in Glendale, home of Marty Robbins.... www.youtube.com/watch?v=zD8MnvyAi6I ... all dressed up & ready for the show but for the idiocy, childish petulance of Anthony LeBlanc...

Cmon Killion, let's be real. We all know that LeBlanc is not the one making that call. This has Bettman's fingerprints all over it. "No public money, no lease agreement in Glendale".

LeBlanc just puppets Bettman's every word, like the diatribe they both spewed the day the AMF was cancelled during the '15 Cup Finals. Remember when Bettman was doing his annual State of the NHL address & was telling the citizens, "If I lived in Glendale, I'd be concerned about my government". Next day like clockwork, LeBlanc is out demanding the press to "Be concerned about the local gov't of Glendale".

 

[Killion]

Cmon Killion, let's be real. We all know that LeBlanc is not the one making that call. This has Bettman's fingerprints all over it. "No public money, no lease agreement in Glendale".

LeBlanc just puppets Bettman's every word, like the diatribe they both spewed the day the AMF was cancelled during the '15 Cup Finals. Remember when Bettman was doing his annual State of the NHL address & was telling the citizens, "If I lived in Glendale, I'd be concerned about my government". Next day like clockwork, LeBlanc is out demanding the press to "Be concerned about the local gov't of Glendale".

... oh yeah, dont I know it... just taking a shot at the narratives we keep hearing from LeBlanc, earlier from Bettman ... who also when asked about the building in Glendale should the team leave suggested they "may have to shutter it up".... I mean, all just so absurd... world turned inside out & upside down by these idiots... simply cant cut it without massive public subsidies, know it, think their entitled to it & thats that.... In what other business Boris? In real life, and Im in sports & entertainment, most of us live or die on our wits, our own wherewithal's. Just look at that Lease theyve now got with the COG/AEG? Extremely favorable, beyond generous but Baby wont get off the bottle. Either grow up & deal with what youve got or get the Hell out of the State already.