Kukla's Korner Hockey

Kukla's Korner Hockey

The Latest On The Phoenix Coyotes

05/06/2013 at 12:14pm EDT

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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About Kukla's Korner Hockey

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.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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