The City of Glendale made good on the $25 million promise it made to the NHL for loses the league dealt with regarding the sale of the Phoenix Coyotes. The Arizona Republic has details on the situation, including where exactly the money is coming from.
The money in the enterprise funds comes from fees paid by businesses and residents for public services such as trash, water and sewer, landfill and housing. The fund absorbs revenue shortfalls in enterprise departments such as water and sewer, repays debt for capital projects and covers the cost of regulatory requirements, according to the city.
Art Lynch, the city’s former chief financial officer who now consults with the city, insisted this week that tapping into the enterprise fund is not using taxpayer dollars. Rather, it is a fee paid by residents and businesses who use city services.
The city transferred $25 million out of the enterprise account and into an account which the NHL can begin to draw upon in September, under the deal between the league and Glendale signed May 20.The city agreed to pay the NHL for “actual cash losses” for the team and the arena management that could start accruing in July.
The agreement states that Glendale is off the financial hook if the city finds a viable owner, approved by the NHL, by Dec. 31.
Obviously, the sale of the Coyotes is still in a state of flux. There might be more than two potential buyers, but Ice Edge or Jerry Reinsdorf’s group still seems the most likely to be the team’s owners if they stay in the Phoenix area. At least at the moment. Up might be down and vice versa by next week.
It’s nice to hear that taxpayers aren’t going to take on the burden of paying the debts. It’s clear that the Coyotes’ longterm home is still a blurry vision, but it’s not necessarily a guarantee that they won’t stay in the desert.
As always, we’ll keep you up to date regarding this situation as the tide turns again and again and again …
After the Boston Bruins squandered a 3-0 lead against the Detroit Red Wings and ultimately lost 6-5 via a shootout, plenty of fans and commenters had enough. Many called for Claude Julien’s head.
They might not be alone.
During the latest edition of TSN’s Insider Trading on Thursday, Bob McKenzie didn’t say that Julien was definitely going to be fired, but he said there’s a “credible threat” to the long-standing Bruins bench boss’ job security.
The phrase “impending doom” came up, too.
So … yeah, it sure sounds like Julien is on thin ice.
McKenzie indicates that Julien should be behind the bench on Friday and could improve his situation if he reels off some wins. That’s where things get extra interesting.
The Bruins play three of their next four games and seven of their next nine contests at home. Most of those games are against playoff-caliber teams, however, so it wouldn’t necessarily be “easy.” Still, the opportunities are there for the Bruins to solidify their spot in the East playoff picture.
Still, it sure sounds like the margin of error is pretty small for Julien, just as it might be for Boston in this playoff race.
Want more coaching hot seat talk from McKenzie? He also discussed Paul Maurice’s situation with the Winnipeg Jets on Wednesday:
New York Islanders fans probably needed a moment like this, even ones who are more than happy that Jack Capuano was let go.
It’s no surprise that John Tavares provided such a moment.
Watch in the video above as he makes an obscene move against Dallas Stars defenseman John Klingberg, and then finishes with some really nifty timing. Wow.
Tavares now has 17 goals this season, reinforcing the thought that the team’s struggles aren’t on him.
Now catch up on all of the drama surrounding the team:
Bob McKenzie updates on the fuzzy future for the Isles
Liam McHugh grills Garth Snow on a variety of burning questions
It’s been a tough season for both Anthony Duclair and the Arizona Coyotes. Even so, it’s still startling to see that he was demoted to the AHL on Thursday.
GM John Chayka explained the team’s logic for the demotion:
“Anthony is a good young player,” said Chayka. “Unfortunately, he has struggled this season. We felt this was a good time to send him to Tucson to work on a few things and hopefully regain his scoring touch. We hope to have him rejoin our team soon.”
Duclair’s been the subject of more than a few trade rumors, but this is probably the low point of a rough 2016-17 season for the 21-year-old.
It’s worth taking a second to consider the very different luck Duclair’s experienced in his breakout season last year vs. this one.
His shooting percentage was 19 in 2015-16, helping him score 20 goals on just 105 shots. By comparison, he’s only converted on 5.2 percent of his shots this year, nabbing three on 58.
In other words, Duclair’s work is probably somewhere between those extremes … but he’s also at that age where a player can make big leaps forward. So, it’s understandable that the Coyotes want to try to repair their prospect’s confidence, and it’s also reasonable that other teams might believe that they can get more out of him.
A trip to the AHL really might be good for his confidence but … still, wow.
Roman Josi told Swiss Hockey News.ch that he suffered a concussion from that Anton Blidh hit you can see in the video above, according to a translation passed along by the Tennessean.
So, that’s the bad news for the Nashville Predators. The good is that he also told that outlet that he might be able to return for the Preds sometime next week.
Josi, 26, has dealt with concussion issues before, making this report a concern for the long-term. Still, the possibility of a return so soon is definitely a positive.
Here’s what the next week and change looks like for Nashville:
Tonight: at Flames
Friday: at Oilers
Sunday: at Wild
Tuesday, Jan. 24: vs. Sabres
Thursday: vs. Blue Jackets
The Predators aren’t out of the West picture altogether, but they need to make the most of their opportunities. Much like the Bolts with Victor Hedman, Nashville’s hanging in there OK without one of their key guys, but every point counts. Getting Josi back would be huge.