Originally posted on Fox Sports Arizona  |  Last updated 11/28/12
GLENDALE, Ariz. (AP) -- City officials approved a 320 million deal Tuesday night to keep the Phoenix Coyotes in the city's arena. The city council approved a 20-year, 324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it. The newly approved proposal would help Glendale because it would reduce payments in the early years of the 20-year deal and save the city 4 million. Council members debated the proposed arena-management agreement with potential Coyotes buyer Greg Jamison and whether the city can afford the agreement. The deal requires Glendale to cut 20 million from the general fund. That means trimming dozens of positions within city government over the next five years. Without the team, Glendale would still have to trim 12 million. The council approved the deal on a 4-2 vote. Interim City Manager Horatio Skeete did not recommend the proposal, according to The Arizona Republic (http:bit.lyU1Goov). He said keeping the team may be in the long-term best interest of the city, but it would require too many cuts in the near future. Glendale has twice pledged 25 million to the NHL to operate the arena and keep the team in Glendale. The NHL has operated the Coyotes since former owner Jerry Moyes took the team into bankruptcy in 2009. Jamison said Tuesday night that he'd like to buy the team and close a deal within the next month or so. The deal came on the 73rd day of the NHL's player lockout. All games have been canceled through Dec. 14 in the labor standoff.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Glenn Robinson III dunks over three people to win Slam Dunk Contest

Kevin Durant booed at All-Star introductions in New Orleans

Charles Oakley joins Ice Cube’s 3-on-3 league

Report: Kirk Cousins does not want to be with Redskins

Hall of Famer Goose Gossage says it’s ‘insulting’ to be compared to Mariano Rivera

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

12-year MLB veteran Nick Swisher announces retirement

Report: Chiefs, Broncos among teams that interest Tony Romo

Report: Pistons, Magic have discussed Reggie Jackson trade

Andrew McCutchen Googled himself to keep up on trade talk

RB Trent Richardson arrested on domestic violence charge

Anthony Davis to be ‘very involved’ in efforts to re-sign Jrue Holiday

Is the NBA All-Star Game worth saving?

There will never be another Dirk Nowitzki

The Rewind: Michael Jordan's last All-Star Game

Best of Yardbarker: NBA All-Star Games past, present and future

Eat, Drink, Watch: Everything goes better with a side of New Orleans

Box Score 2/17: Happy birthday, Michael Jordan (and welcome to 1000 point club, Sid!)

The 'Michael Jordan might still win the Dunk contest if he entered' quiz

How to reboot NBA All-Star Weekend

Second-year NBA stars who can salvage the season

Observations from a day at the Westminster Kennel Club Dog Show

Box Score 2/16: Getting ready for the ASG

Too much to Process: Can Simmons match the Embiid hype?

All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Best of YB: NBA All-Star Games past, present and future

Who will break these NBA All-Star Game records?

Is the NBA All-Star Game worth saving?

There will never be another Dirk Nowitzki

The Rewind: Michael Jordan's last All-Star Game

Eat, Drink, Watch: Everything goes better with a side of New Orleans

How to reboot NBA All-Star Weekend

Baseball movies you can stream now to hold you over until Opening Day

Second-year NBA stars who can salvage the season

Observations from a day at the Westminster Kennel Club Dog Show

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker