from Rick Westhead of TSN,

City council in Glendale, Arizona, is scheduled to meet Wednesday night for a special meeting to vote on cancelling an arena management contract with the Arizona Coyotes.

Without the $225-million arena management agreement, the Coyotes' future in Arizona would be in jeopardy. In June of 2013, the NHL said went so far as to say the team might move to a different city in time for the 2013-14 season if Glendale did not approve the contract.

Glendale councillors agreed to pay the Coyotes $15 million per year for 15 years to manage the Gila Riva Arena, according to terms of a deal reached days after the NHL's threat.

The city was then to receive a portion of the revenue generated from the arena's operation. The Coyotes paid the city about $6.5 million last season, meaning the city's net loss on the arena was about $8.5 million.

According to a copy of Wednesday's special meeting agenda posted on the city's website, councillors are meeting at 9pm et for: "Discussion and possible action to direct the city manager and city attorney to cancel the professional management services and arena lease agreement between the city of Glendale and IceArizona Manager Co. LLC…and to pursue any and all other legal actions and remedies necessary to effectuate cancellation or termination of the agreement."

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added 10:09am, via Dave Hodge of TSN,