Coyotes face financial restrictions
Phoenix Coyotes general manager Don Maloney faces the tough task of maintaining the momentum of last season's surprising team while dealing with the financial restrictions put in place by the NHL.
The league still owns the franchise after buying it in U.S. Bankruptcy Court last September and has given the team a budget as it faces the potential loss of several key players after the free agency signing period begins on July 1.
Maloney said he received his budget for players in a meeting last week with NHL deputy commissioner Bill Daly. Maloney said the undisclosed figure is not a lot but is "enough to make a winner."
Hard times may scuttle Coyotes deal Ice Edge's deal to keep the Phoenix Coyotes in Arizona could be in peril due to tough financial times, says the group's spokesman.
Daryl Jones, CEO of Ice Edge Holdings, the lone group in discussions with the City of Glendale to buy and keep the Phoenix Coyotes at Jobing.com Arena, is not sure his team will be able to put together a financing package to purchase the team.
NHL Sets Deadline For Coyotes Sale, Threatens Move The financially troubled Phoenix Coyotes may still be on the run.
The National Hockey League has set a Dec. 31 deadline for the city of Glendale, Ariz., landlord of the Coyotes’ home rink, to reach an agreement with new owners for the team, the Arizona Republic reported. Otherwise, the NHL may authorize the franchise to move to another market.
The league said it has a “bona-fide offer from a viable purchaser who would relocate the hockey team to another market,” the paper reported, referring to a legal agreement between the NHL and the city.
Saskatoon still dreaming of Coyotes on the Prairies The Saskatoon Coyotes? Well, for five games a season anyway.
The dream for part-time access to an NHL team remains alive in the heart of the Prairies, where the CUC Centre, home to the WHL's Saskatoon Blades, is showing itself worthy of hosting a major hockey event.
Where's Wayne?Bob Young
Coach Gretzky goes MIA during Coyotes soap opera - despite collecting a paycheck
An Ugly Mess in PhoenixIt may be difficult to focus on hockey in Phoenix these days with all that is going on. But the Coyotes must persevere and find a way to deal with the adversity and uncertainty of the franchise.
Lost in all this legal lingo is that the Yotes have a good young team and in time may be good enough to compete.
This year though seems like a lost one and the curtain is coming down on NHL hockey in Phoenix.
NHL Can't Survive in the South... OR is that REALLY the Problem??I keep hearing, over and over and over, that the NHL can't survive in the south. Phoenix is the example that keeps being used (for obvious reasons). I know the saying, "location, location, location", and I don't want to say location is not important. But is location really the reason for troubled franchises? Let me break down some thoughts. Then please add to, or comment on them.
Where do we go from here?Well, Make It Seven is all but dead now, at least for a year. What happens with the Coyotes now? Will one of the "4 buyers" lined up to keep the Coyotes in Phoenix step up and make a serious offer? Or will the NHL fund the team for a season while they look for a buyer
Coyotes update: New deadlineIts down to this:
Do or Die timeJim Balsillie has given a deadline, after which he will
decline his offer to buy the Coyotes.... Arizona legal system alters old ruling to accomodate him.
