This has been my question for a long time. A. Long. Time.
Is Fertitta merely negotiating? And, if he isn't willing to pay 650M (and I wouldn't be with his net worth at 2.2B or something, and it's a risky move), what is he willing to pay? And, if the ownership of the Coyotes has somewhere around 350-400M already invested, whether that's purchase cost or debt service, at what point is he out of the market?
Also, what happens in Calgary? I've heard half-rumors (which I only believe half-way anyway) that there is internal talk in the NHL of the Flames moving to Houston. But, that's the same argument. And, if there were some sense to it, one would think that the league would have been a little slower to move Arizona to the Central (although it's obviously no big deal to quickly swap the Coyotes and Flames in the event of a move from Calgary).
And, given that there really isn't any big city left to which the NHL wants to go except Houston, then what?