Originally written on Kukla's Korner  |  Last updated 10/30/14
from Dan Bickley at azcentral, Word is, the investor group has raised $240 million, which is $70 million more than the asking price.  It’s willing to absorb $40 million in losses over the first four years of a 15-year deal.  It will be seeking an out clause if the economics haven’t changed for the better, likely after five years. It’s committed to re-signing Don Maloney and Dave Tippett, arguably the best general manager/coach tandem in the NHL. That’s the good news. The trick will be if Glendale can reach a lease agreement deal that works for everyone.  The city understands the importance of the Coyotes to Westgate, the future of Jobing.com Arena and the Valley’s image as a big-league market featuring all four major professional sports.  But it will not bend like it did for Greg Jamison, who would’ve received $308 million over 20 years. more including Bettman and Daly will be in Phoenix tomorrow...
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