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The Arizona Coyotes May Need To Look For An Arena Very Soon

from Katie Strang of The Athletic,

The City of Glendale has informed the Arizona Coyotes that it will opt out of its joint lease agreement for Gila River Arena, meaning the Coyotes will need to vacate the arena by June 30 of next year, making the 2021-22 season the club’s final one at the facility.

The current lease agreement operates on a year-to-year basis and can be terminated by either party via written notice on or before Dec. 31. The Coyotes also use administrative space within the arena, which the team must also vacate.

The termination notice follows several months of stalled negotiations between the city and the team on the terms of a lease extension and potential renovations to the arena, as well as multiple notices about outstanding and delinquent balances owed by the Coyotes as part of their lease agreement, public records reveal.

continued ($$$)

Filed in: NHL Teams, d, | KK Hockey | Permalink
 

Comments

Down River Dan's avatar

Your move Mr. Bettman…. shut eye

Posted by Down River Dan on 08/19/21 at 03:34 PM ET

ilovehomers's avatar

“With an increased focus on larger, more impactful events and uses of the city-owned arena…”

OOF hahaha

Posted by ilovehomers on 08/19/21 at 03:51 PM ET

ilovehomers's avatar

Fold the yotes
Archive the thrashers with them
Give the old jets to the new jets

Posted by ilovehomers on 08/19/21 at 03:58 PM ET

SYF's avatar

Public records obtained by Strang show that Phelps informed the arena’s management company, ASM Global, that the team owed $1,462,792 to the arena as of July 17.

Holy Charlie Foxtrot.

Posted by SYF from impossible and oddly communally possessive sluts on 08/19/21 at 04:15 PM ET

Avatar

Move the ‘Yotes to Quebec City in the Atlantic division and move Detroit back into the Central division where they belong.

Unfortunately, Bettman would never allow it.

Posted by CaptNemo on 08/19/21 at 04:45 PM ET

Paul's avatar

GLENDALE, ARIZONA—- “We are disappointed by today’s unilateral decision by the City of Glendale to break off negotiations on a multi-year lease extension agreement. We are hopeful that they will reconsider a move that would primarily damage the small businesses and hard-working citizens of Glendale. We remain open to restarting good-faith negotiations with the City.

“Most importantly, the Coyotes are one hundred percent committed to finding a long-term arena solution here in Arizona, and nothing will shake our determination to do what is right for our organization, residents of the entire Valley and, most important, our fans.”

- Xavier A. Gutierrez, President and CEO, Arizona Coyotes

Posted by Paul from Motown Area on 08/19/21 at 05:56 PM ET

SYF's avatar

Well, shit, Xavier.  Pay your bills.

Posted by SYF from impossible and oddly communally possessive sluts on 08/19/21 at 05:57 PM ET

SYF's avatar

AZ Central did a nice timeline of this laughable drama.

Sorry, Alex (awood), but I honestly hope the Yotes get it together and if Tempe is the next location of the Yotes, well, here’s hoping it’s for good.

Posted by SYF from impossible and oddly communally possessive sluts on 08/19/21 at 06:28 PM ET

TreKronor's avatar

I can always tell another year has passed when the Coyotes arena /city /financial situation is in the news.

Its a shame. They just need to be put out of their misery.

Posted by TreKronor on 08/19/21 at 06:40 PM ET

d ca's avatar

“With an increased focus on larger, more impactful events and uses of the city-owned arena…”

OOF hahaha

Posted by ilovehomers on 08/19/21 at 04:51 PM E

The story says that 20 additional concert type events a year equals the revenue the city would get for 45 Coyote home games….which is very doable.

Beyond that the most damning thing that came out was,

the Coyotes owed $1,462,792 to the arena as of July 17. In the letter, obtained via a public-records request filed earlier this month, Phelps said that more than $300,000 of that amount is “over four months delinquent,” The letter also communicated previous late payments and forgiven debts from the prior season.

“Last year, due to the pandemic, we agreed to forgo a significant amount of the money owed to the arena. In doing so, the Coyotes agreed they would keep current with all future financial obligations under their lease agreement,” Phelps stated in the letter. “That has not occurred.”

Simply put the Coyotes ownership hasn’t met its financial obligations and therefore are getting “evicted” so to speak.

Posted by d ca on 08/19/21 at 10:04 PM ET

Paul's avatar

from Arizona Sports,

The news broke in the middle of an interview Bettman was giving to New York-based radio show Carton and Roberts.

“First of all, I don’t think the Coyotes franchise is going anywhere,” Bettman said. “I think the City of Glendale is negotiating. There’s no secret that Alex Meruelo, who is the owner of the Coyotes, is looking at his options to build a new arena somewhere else in greater Phoenix.”

There has been a discussion among the Coyotes and the City of Tempe to build a new facility near the corner of Priest Drive and Rio Salado Parkway.

Bettman thinks the posture by Glendale could be a negotiating tactic as the team and city have been operating on a year-to-year basis regarding the arena lease.

“I think the City of Glendale basically said to the Coyotes ‘You have to sign a 20 year lease or we’re not going to renew,’” Bettman said. “I just think they are just negotiating. I’m not worried about the Coyotes. I think their future stays in the greater Phoenix area.”

more

Posted by Paul from Motown Area on 08/20/21 at 02:02 AM ET

Vladimir16's avatar

Move the ‘Yotes to Quebec City in the Atlantic division

Unfortunately, Bettman would never allow it.

Posted by CaptNemo on 08/19/21 at 05:45 PM ET

YES! The Coyotes in Arizona has been a failure and Quebec has a nice new arena. Time to move on.

move Detroit back into the Central division where they belong.

Posted by CaptNemo on 08/19/21 at 05:45 PM ET

NO!

 

Posted by Vladimir16 from Grand River Valley on 08/20/21 at 06:37 AM ET

Avatar

I am appalled that my landlord has unilaterally chosen to evict me for non payment of rent!  Stick a fork in them, they’re done.

Posted by dwgs on 08/20/21 at 07:14 AM ET

awould's avatar

If they don’t move to the east valley, they ought to just move to whatever other market can take an NHL team. I think the east valley, where the $$ and population is, would work out. Ground lease some reservation land by Casino AZ and save a bundle on property taxes.

Posted by awould on 08/20/21 at 10:56 AM ET

Alan's avatar

This whole salivating over moving the team is really amusing. Couple things…

First, the owner has to be willing to sell, or moving the team on their own. There seems to be no indicator of either scenario.

Second, QC is done. Not happening. Winnipeg set a precedent for small markets, in that a small market should have a small arena to match. QC has a larger barn, and say what you will about how one thinks the market will always attract capacity crowds because “rabid fans”, etc… but logically, that’s not the case.

Third, the BoG would have to sign off on the sale and relocation. Even if the first two do happen, the board won’t agree, because the league has dumped way too much time, energy, and money into Phoenix to wipe it off the map by relenting and allowing the team to go to QC.

As for folding the team, haha… that’s never gonna happen. The Thrashers would be moved *back* to Atlanta before the league ever considered an agreement to fold the Coyotes.

Posted by Alan from Atlanta on 08/20/21 at 06:54 PM ET

Royal Grand Exalted PooBah's avatar

If they go to Quebec that might mean the Red Wings go back to the Western division and screwball game times. I hope this doesn’t happen.

Posted by Royal Grand Exalted PooBah from the basement of the Alamo on 08/21/21 at 03:44 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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