NHL closer to Seattle? Deal to keep Coyotes in Phoenix hits ‘potential snag’

Jun 20, 2013, 2:15 PM | Updated: 3:14 pm

It’s reportedly “D-Day” in Phoenix for efforts to keep the NHL’s Coyotes from leaving town. Speculation grows the team could soon be relocating to Seattle.

The NHL has operated the money losing franchise since 2009, and is in talks to sell the team to the Renaissance Sports and Entertainment group.

But the league has given them and the city of Glendale, which owns the Jobing.com Arena, a firm deadline of July 2 to reach agreement on a new lease. ArizonaCentral.com reports those talks have hit a “potential snag” over about $8.5 million per year in revenues.

RSE is seeking a guaranteed $15 million annually to operate the arena. But the Glendale City Council has budgeted just $6.5 a year. A source tells columnist Dan Bickley that makes a negotiating session scheduled for Friday critical.

“It’s the most important 24 hours in the history of the Phoenix Coyotes,” the source said.

The city and RSE have reportedly been talking about a deal to create upwards of $8 million in new revenue through parking, naming rights and a cut of a ticket surcharge. But Bickley says the city wants that guaranteed and RSE refuses.

“Some fear that snag could be a potential deal-killer,” Bickley says.

Seattle Mayor Mike McGinn said last weekend the city has had discussions with NHL Commissioner Gary Bettman about moving the team.

McGinn said that a proposal is on the table for the hockey team to initially play at KeyArena and later move into investor Chris Hansen’s proposed arena in the SoDo district.

“Our message to all parties has been the same: We believe we can support an NHL team as a tenant at KeyArena, and as a potential tenant of a new arena, subject to all parties reaching agreement on terms,” McGinn said.

The Glendale City Council is scheduled to meet Tuesday to formally unveil a potential agreement with RSE.


Seattle Kraken...
Andy Eide

How do the Seattle Kraken match up with their Pacific Division foes?

After a tough opening season in divisional games, Andy Eide breaks down how the Seattle Kraken match up with their Pacific Division foes.
20 hours ago
Seattle Kraken Jaden Schwartz...
Andy Eide

A healthy Schwartz may be great match for Seattle Kraken with Beniers

Monday's Seattle Kraken preseason game provided a sneak peek of the impact Jaden Schwartz could have, especially playing on a line with Matty Beniers and Andre Burakovsky.
2 days ago
Seattle Kraken Buoy the Troll...
Brandon Gustafson

Meet Buoy the Troll, the first-ever Seattle Kraken mascot

The Seattle Kraken have unveiled their first mascot, Buoy the Troll, which is named after the Fremont Troll under the Aurora Bridge.
6 days ago
Seattle Kraken Brandon Tanev...
Andy Eide

Seattle Kraken Takeaways: What stands out from 2-0 preseason start

The Seattle Kraken have looked good in their first two preseason games. Kraken insider Andy Eide breaks down six positive takeaways.
9 days ago
Seattle Kraken Beniers Eberle...
Andy Eide

The 5 biggest Seattle Kraken questions as training camp opens

Seattle Kraken training camp begins this week, with preseason opening Monday and the regular season not far behind. Andy Eide looks at the team's biggest questions.
16 days ago
ancouver Canucks goalie Thatcher Demko laughs while responding to questions during a news conferenc...
Associated Press

Training camps open around NHL after another short offseason

Training camps open around the NHL on Thursday after another short offseason, a third in a row squeezed by the pandemic.
17 days ago
NHL closer to Seattle? Deal to keep Coyotes in Phoenix hits ‘potential snag’