User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto Racing
Horses
Boxing/MMA
More
Betting Tools

 
Glendale officials approve Coyotes arena

New Sportsbook.com customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

   

GLENDALE, Ariz. (AP) - City officials approved a $320 million deal Tuesday night to keep the Phoenix Coyotes in the city's arena.

Advertisement
The city council approved a 20-year, $324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it. The newly approved proposal would help Glendale because it would reduce payments in the early years of the 20-year deal and save the city $4 million.

Council members debated the proposed arena-management agreement with potential Coyotes buyer Greg Jamison and whether the city can afford the agreement.

The deal requires Glendale to cut $20 million from the general fund. That means trimming dozens of positions within city government over the next five years. Without the team, Glendale would still have to trim $12 million.

The council approved the deal on a 4-2 vote.

Interim City Manager Horatio Skeete did not recommend the proposal, according to The Arizona Republic (http://bit.ly/U1Goov). He said keeping the team may be in the long-term best interest of the city, but it would require too many cuts in the near future.

Glendale has twice pledged $25 million to the NHL to operate the arena and keep the team in Glendale. The NHL has operated the Coyotes since former owner Jerry Moyes took the team into bankruptcy in 2009.

Jamison said Tuesday night that he'd like to buy the team and close a deal within the next month or so.

The deal came on the 73rd day of the NHL's player lockout. All games have been canceled through Dec. 14 in the labor standoff.

AP NEWS
The Associated Press News Service

Copyright 2014
The Associated Press
All Rights Reserved

  
HEADLINES
News: First Round Cheat Sheet
Getzlaf leads Ducks past Stars in Game 2
Wings get late goal to stun Bruins, 1-0
Habs top Lightning for 2-0 series lead
'Hawks, Blues set to go distance again
Kings stay calm after defensive debacle
Pens wary of Jackets after Game 1 escape
Getzlaf plans to play in Ducks' Game 2
Rangers' Lundqvist has records, wants ring
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NHL Pro Hockey Handicapper Sports Picks Records
NHL Hot Streaks
+3,079 NHL This Year
26-14, +1,237 Last 40 Run
9-4 L13 Picks, +1,282 This Year
4-1, +387 Record Yesterday
NHL Pro Hockey Expert Sports Picks
2013 NHL SEASON PICK RECORDS
Money Leaders
Handicapper Money
Kevin Rogers + 3079
Joe Williams + 1282
Doc's Sports + 521
Last 7 Day Leaders
Handicapper Money
Joe Williams + 470
Gary Bart + 122
   
Over-Under Leaders
Handicapper Money
Bruce Marshall + 1501
Bill Marzano + 620
Joe Williams + 264
Guaranteed Leaders
Handicapper Money
Kevin Rogers + 928
Bill Marzano + 641
Doc's Sports + 610
Yesterday's Leaders
Handicapper Money
Gary Bart + 387
Joe Williams + 105
   
Member Leaders
Handicapper Money
Kevin Rogers + 2026
Joe Williams + 1808
Bill Marzano + 989
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!