PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.
You may have known Zenon Konopka makes his own wine. But becoming a full-blown farmer during the lockout? You know it. (Ottawa Sun)
Rob Rossi from the Pittsburgh Tribune-Review wonders aloud if Donald Fehr has a trick up his sleeve yet to deal in negotiations. (Chipped Ice)
Greg Jamison offering green cards to foreigners to invest in the Phoenix Coyotes? Don’t tell Sheriff Joe Arpaio about this. (Globe And Mail)
In more pertinent Coyotes news, the City of Glendale signed the new lease with the team. So long, $300 million. (Phoenix Business Journal)
Mirtle crunched some numbers on what revenues might be like in a shortened season. Losing anywhere from $800 million to $1 billion sounds real good. (Globe And Mail)
You think the NHL would try to do a 28-game season? Tyler Dellow makes a case for it. (mc79hockey)
It’s Day 104 of the NHL lockout. 12 players in NHL history have scored 104 points in a season. Last to do it? Daniel Sedin in 2010-11.
The NHL lockout, now in its 102nd day, has meant bad news financially for most teams. For the league-owned Phoenix Coyotes, however, it might mean they get to turn a profit.
Mike Sunnucks of the Phoenix Business Journal reports the team’s new $300 million lease agreement with prospective buyer Greg Jamison would help keep the team in the black.
The bulk of that deal is the city paying Jamison on average $15 million per season to run Jobing.com Arena. The first season of that deal is for $11 million but is pro-rated to when Jamison closes on the purchase.
“The $11 million dollar figure would have been for a full year,” said Glendale spokeswoman Julie Frisoni. “Since we are now halfway through the year, it will most likely be in the range of $5.5 million to $6.5 million. It just depends on when the purchase of the team is complete and when Jamison takes over management of the facility.”
It’s remarkable that it would take a complete meltdown of a year where no hockey is played in order to help the Coyotes make money, but in this situation does anything surprise anyone?
Should the season be saved, the Coyotes would have to hope the fans return to fill out the building for every game or else they’ll risk having another financially losing season.
Is this long saga in the desert at an end? Perhaps it is after the Glendale City Council voted 4-2 in favor of the city’s 20-year, $320 million lease agreement for prospective Phoenix Coyotes buyer Greg Jamison.
The agreement will help the team stay in Jobing.com Arena and hand over duties of managing the facility to Jamison. The one catch here is he’ll have until January 31, 2013 to close on the sale of the team or else the process, with a newly voted in city council, will begin all over again.
Outgoing mayor Elaine Scruggs, who was against the deal, was not pleased at the outcome of the vote saying, “The public will find they were mislead.” She then added, “I choose to support people in other types of uniforms. Police uniforms, fire uniforms…not Coyotes uniforms.”
Is this the end of the story for now? Let’s hope so, but the track record over the last three years says there’s always a twist waiting to be unleashed.