Fate of Coyotes decided in 2 decades(?)

[Money99]

re: Fate of Coyotes decided in 2 decades(?)

I'm tired of this whole soap-opera so I haven't bothered to read the details of the deal.
Can anyone tell me if the 5-year out-clause is still in this deal?
Will Glendale still be facing an empty arena in 3 years once the Coyotes inevitably lose $50M in 2.5 seasons and RSE moves the team to a better hockey market?


EDIT: Got my answer.
RSE can still move the team after 5 seasons if the team has lost more than $50M (which is a given to happen).

Meanwhile, I've heard Glendale can't even afford the fire departments water bill.
That seems about right. They just lost 19 brave men to fires, so it's only fair they spend $15M/season on a hockey team.

[slickdtc]

Disgusting. I have no other words.

NHL needs to strong-arm these clowns and say, we're out. Fat chance...

[Psyblast]

re: Fate of Coyotes decided in 2 decades(?)

Disgusting. I have no other words.

NHL needs to strong-arm these clowns and say, we're out. Fat chance...

HAHA, the NHL is DELIGHTED with this result. One of their illegitimate expansion efforts already burned in a fire and retreated back to Canada...Bettman is thrilled that the aborted fetus of a franchise in Phoenix gets to somehow live on.

Edit: in fact, here's Bettman's reaction - again! - to the Coyotes news:

Spoiler

[Majingir]

re: Fate of Coyotes decided in 2 decades(?)

Coyotes only have 9 guys signed past this season, I hope most guys just don't resign, due to fear of ghosts(since they'll be playing in an arena that will basically be a ghost town).


With them being called Arizona Coyotes now, which color scheme do people think looks best?


First one is current
2nd one is DBacks colors
3rd one is Arizona Cardinals colors

[BlueNGold]

re: Fate of Coyotes decided in 2 decades(?)

I don't think there's ever been a more appropriate use of this gif:

[jyoung]

re: Fate of Coyotes decided in 2 decades(?)

I didn't watch the meeting last night, but was the team's attendance figures mentioned at all by those favoring a move? Phoenix has either finished dead last or next to last in home attendance five of the last six seasons:

season--league ranking--average--capacity

2012-2013 -- 29/30, 13,923, 81.3%
2011-2012 -- 30/30, 12,420, 72.5%
2010-2011 -- 29/30, 12,188, 71.2%
2009--2010 -- 30/30, 11,989, 68.5%
2008-2009 -- 27/30, 14,875, 85.0%
2007-2008 -- 29/30, 14,820, 84.7%

Those attendance records alone should have been the only argument needed to move the team.

[mgoblue]

re: Fate of Coyotes decided in 2 decades(?)

I didn't watch the meeting last night, but was the team's attendance figures mentioned at all by those favoring a move? Phoenix has either finished dead last or next to last in home attendance five of the last six seasons:

season--league ranking--average--capacity

2012-2013 -- 29/30, 13,923, 81.3%
2011-2012 -- 30/30, 12,420, 72.5%
2010-2011 -- 29/30, 12,188, 71.2%
2009--2010 -- 30/30, 11,989, 68.5%
2008-2009 -- 27/30, 14,875, 85.0%
2007-2008 -- 29/30, 14,820, 84.7%

Those attendance records alone should have been the only argument needed to move the team.

It's hard to get behind a team that may move at any instant....I'd be interested to see the numbers after the next year or two with more stability.

Not defending the market, and the location of the stadium is abysmal. IMO the arena should be more centralized. The west location is fine for a NFL stadium but not a NHL one IMO.

[Money99]

re: Fate of Coyotes decided in 2 decades(?)

I didn't watch the meeting last night, but was the team's attendance figures mentioned at all by those favoring a move? Phoenix has either finished dead last or next to last in home attendance five of the last six seasons:

season--league ranking--average--capacity

2012-2013 -- 29/30, 13,923, 81.3%
2011-2012 -- 30/30, 12,420, 72.5%
2010-2011 -- 29/30, 12,188, 71.2%
2009--2010 -- 30/30, 11,989, 68.5%
2008-2009 -- 27/30, 14,875, 85.0%
2007-2008 -- 29/30, 14,820, 84.7%

Those attendance records alone should have been the only argument needed to move the team.

Let's not forget that a great majority of those tickets were given away.
I'd love to hear the actual attendance of some games.

A member at HFBoards went to a game and took a video showing all the fans in the building.
In his estimation (which was pretty much verified in the video), there wasn't more than 1500 fans in the building.
Yet the attendance was announced at 12,000+.

I bet the Coyotes didn't average more than 5000 people who were physically at the game.

mgblue, you're right though. It's hard to sell a team that may or may not be there from one year to the next.
This season will prove what kind of fanbase Glendale has.

[Coug00]

I'm not sure this deal improves any stability, even in the short term. The NHL passed their continuous financial bleed onto a group that had little capital and had to borrow their way to owning and operating a team. On top of that, the timing of the 5 year out clause could nicely coincide with a shiny new arena in Seattle that probably won't have an NHL tenant.

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[Money99]

re: Fate of Coyotes decided in 2 decades(?)

I'm not sure this deal improves any stability, even in the short term. The NHL passed their continuous financial bleed onto a group that had little capital and had to borrow their way to owning and operating a team. On top of that, the timing of the 5 year out clause could nicely coincide with a shiny new arena in Seattle that probably won't have an NHL tenant.

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That should be the NHL's and Glendales largest concern.
This new ownership group barely has enough money to even buy the team.

This whole think stinks like a Jeff Loria soap opera.
This ownership group scrapes just enough money to buy a struggling NHL franchise. The NHL is more than happy to get it off it's hands.
5 years and $50M in debt later (of which time the CoG pays them $75M to run the arena), the owners move it to Seattle, or KC, or Vegas and sell for twice as much as they bought it for.
The NHL gets its money back, RSE makes a profit, and Glendale has an empty building and a greater margin of debt.

[Coug00]

It's getting nasty in Glendale. This might not be over after all.

http://m.glendalestar.com/mobile/news/headlines/article_d7f30530-e413-11e2-8882-0019bb2963f4.html

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[Redacted01]

re: Fate of Coyotes decided in 2 decades(?)

It's getting nasty in Glendale. This might not be over after all.

http://m.glendalestar.com/mobile/news/headlines/article_d7f30530-e413-11e2-8882-0019bb2963f4.html

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They are just trying to scare people away from reading that article.

[BunnyHardaway]

re: Fate of Coyotes decided in 2 decades(?)

It's getting nasty in Glendale. This might not be over after all.

http://m.glendalestar.com/mobile/news/headlines/article_d7f30530-e413-11e2-8882-0019bb2963f4.html

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That lady is awesome.

[TracerBullet]

re: Fate of Coyotes decided in 2 decades(?)

She was the one mentioning the libraries and fire departments not having money, right?

Man, that is scathing.

[BunnyHardaway]

re: Fate of Coyotes decided in 2 decades(?)

WELP

http://www.bizjournals.com/phoenix/news/2013/07/31/phoenix-coyotes-buyers-may-be-running.html?ana=twt