Found July 04, 2013 on NorthWest Sports Beat:
Similar Feeling Tuesday could have been a great day for hockey lovers in the state of Washington and, in particular, in the city of Seattle. For, though there still would have been a long process involved, the thought in the morning was that the Phoenix Coyotes would not remain in Glendale for the years to come. Excited about the potential to travel downtown and check out a Seattle hockey team who could potentially be big rival with the Vancouver Canucks up North. But, as the Emerald City has been getting accustomed to over the past few years, the day ended with disappointment.  After a four hour debate by the city council that was perhaps one of the greatest comedies to watch in recent memory, officials voted 4-3 to approve an agreement that will reportedly keep the Coyotes in Arizona. Though Renaissance Sports and Entertainment and their new partner, Global Spectrum, still have to finalize the agreement with Glendale, it’s expected that the two will agree and that the NHL will eventually approve the decision as well. The Deal The Coyotes will remain in Arizona. Prior to Tuesday, the issue between Glendale and RSE was whether or not the city would be able to contribute enough money to Arena every year. Whereas most teams receive $13-$15 million from a city per year, Glendale was reportedly only offering around $5-6 million, a difference that RSE would not look lightly upon. That all changed, however, when RSE partnered with Global Spectrum, a facilities management company that has seen success managing the home of the Philadelphia Flyers. The partnering reportedly allowed RSE to persuade city officials to send more money to the arena per year, as they are now guaranteeing more revenue will be generated for the city. Glendale’s vote approved a 15-year lease agreement that will see the city pay $15 million per year. The Phoenix Coyotes will also transfer ownership from the NHL to RSE, ending a four-year ordeal where the NHL owned the Coyotes. They will also become the Arizona Coyotes, perhaps in an attempt to foster greater support of the team. Thoughts This new agreement that the city of Glendale approved is completely ridiculous. Making their decision seemingly because of how the community felt about the Coyotes instead of looking at actual financial data, the city looks to have thrown itself into a financial mess. The Coyotes have never really turned a profit and to believe a partnership with another company will foster greater community support for a team that has yet to find a real niche is ridiculous. Aside from feeling sorry for the public in Glendale and how much their officials just screwed them, this obviously hurts for Seattle-ites who were hoping that an NHL team in the Emerald City would be a huge step in bringing the NBA back to Seattle as well. While Seattle was, by no means, a guaranteed destination for the team, many believed it was the front-runner for the Coyotes, as NHL officials had previously stated they wouldn’t mind having a team play in Key Arena while a new sports facility was built. As an individual who wanted to see hockey in Seattle, I’m pretty upset. The Emerald City needs more sports teams and can support them much better than a city in Arizona ever could.  However, taking a kind of cynical viewpoint, it will be nice to watch the Phoenix Coyotes crumble just like the Sacramento Kings. So, if anything, we’ll get to watch two great comedies over the coming years.

With Coyotes deal struck, it’s now up to fans

I’ll admit, I haven’t been a very good Coyotes fan. And that’s even using the term “fan” loosely. You see, I grew up in this city. I watched the Coyotes play in America West Arena. I remember the Whiteout days and the excitement they used to bring to this city, even when it has always been evident that no matter how bad the Suns are, they’ll always reign supreme in this...

Coyotes approaching free agency with caution

If you were expecting the Coyotes to come out of the gates swinging when free agency officially opened at 9 a.m. Arizona time on Friday, you might be disappointed. Its not that general manager Don Maloney expected no moves. Some were coming. And its not he has been told to hide the wallet by new owners George Gosbee, Anthony LeBlanc, and the rest of their investors. There were just...

Phoenix Coyotes to Stay in Arizona on 15-Year Lease After City Council Vote

GLENDALE, Ariz. — The Phoenix Coyotes took a big step toward stability Tuesday night when the Glendale City Council ratified an arena lease agreement with a prospective owner of the franchise. After making a few alterations, the council voted 4-3 in favor on a 15-year, $225 million lease agreement with Renaissance Sports & Entertainment during a special session. “Everybody...

Phoenix Coyotes new ownership approved, team staying in Arizona

After much rumor and speculation that the Phoenix Coyotes would move to Seattle if the vote on a new lease with new ownership didn’t pass, the deal ended up passing.  Late on Tuesday night/early Wednesday morning, the Glendale City council voted on an arena deal and approved new ownership that would keep the team in the city.  The lease will be for five years and passed with...

Bruins Sign Chad Johnson, Nick Johnson and Matt Moore To Deals by   Steven Ellis

The Boston Bruins have signed goaltender Chad Johnson, forward Nick Johnson and Matt Moore to one year deals. Chad Johnson was drafted by the Pittsburgh Penguins 125th overall in the 2006 NHL Entry Draft. During his senior year, he was the Central Collegiate Hockey Association Player of the Year, as well as a Hobey Baker Award finalist. At the beginning of the lockout...

Coyotes Keep Summers by   Jack Weber

The Phoenix Coyotes’ busy day continued, as they re-signed defenseman Chris Summers to a one-year contract. Financial terms of the deal have not yet been disclosed. Summers was a first-round pick of the Coyotes back in the 2006 NHL Entry Draft, 29th overall. However, despite being a first rounder seven years ago, the left-handed shooting native of Ann Arbor, Michigan [...]

Coyotes make splash on first day of free agency

So, this is what it is like to have stable ownership? The Phoenix Coyotes, who were known more for their bargain shopping the past few years rather than big-time offers, got off to a strong start in the first day of free agency on Friday, signing four players and by all accounts, they don’t look like they are done yet. 

Coyotes get long-coveted center with Ribeiro signing

Jeremy Roenick fans may disagree, but you can make the argument that the Coyotes have lacked an elite, play-making center ever since they arrived in the Valley in 1996. That changed on Friday. Less than an hour after the free agency period opened, the Coyotes agreed to terms with free-agent center Mike Ribeiro on a four-year deal worth 22 million (average of 5.5 million). Ribeiro...

Source: Coyotes sign Ribeiro to 4-year deal

A person familiar with negotiations has confirmed the Phoenix Coyotes have agreed to sign free-agent forward Mike Ribeiro to a four-year, $22 million contract. The person spoke on the condition of anonymity on Friday because the team has not announced the deal. first reported the agreement earlier in the day. Ribeiro was one of the top players available once the league...

Edmonton Signings

Boyd Gordon has a three-year deal with EDM and Jason LaBarbera to EDM with a one year deal. — Bob McKenzie (@TSNBobMcKenzie) July 5, 2013

Coyotes Re-Sign Korpikoski by   Jack Weber

Right before the market opened to everyone, the Phoenix Coyotes kept one of their own players off of it, signing Lauri Korpikoski to a four-year contract worth $10 million, carrying a cap hit of $2.5 million. A first-round pick of the New York Rangers in the 2004 NHL Entry Draft (19th overall), the 27-year-old native of Turku, Finland is a [...]

Coyotes Add Ribeiro, Greiss; Keep Chipchura, Stone by   Jack Weber

The Phoenix Coyotes made the biggest splash of the day to this point, signing Mike Ribeiro to a four-year contract worth $22 million, carrying a cap hit of $5.5 million. The left-handed shooting centre from Montreal, Quebec is listed at 6’0″, 177 lbs and turned 33 years old back in February. He is a 13-year NHL veteran who was a [...]

Ference, Gordon, Labarbera, Joensuu Sign With Oilers by   Steven Ellis

The Oilers have agreed to terms with centre Boyd Gordon on a three-year deal, goaltender Jason Labarbera on a one-year deal, forward Jesse Joensuu on a two-year deal and defenceman Andrew Ference to a four-year deal. In 760 career NHL games with Boston, Calgary and Pittsburgh Ference has 37 goals, 156 assists for 193 points plus 645 penalty minutes. In 486 career NHL [...]
NHL 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!

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.