If I had to guess, I’d say Glendale’s 1st preference is a long-term lease agreement with the Coyotes. Their next best scenario is a short-term lease, with wildly favorable terms (relative to all previous lease agreements). I think they have reached a point where they are willing to let the Coyotes leave, though. They’re beyond the “ do whatever it takes” phase. So while I think losing the Coyotes after this season is their least preferred outcome, they’re willing to let it get to that point.
If I had to guess, the Coyotes are 100% unwilling to do a long-term lease with Glendale, unless it’s laughably favorable. Like basically free. I think they’d much rather avoid dumping 15 million dollars into completely needless NCAA required renovations at the brand-new ASU rink. I think they’d MUCH rather do a reasonable short-term lease extension with Glendale. Like whatever the regular lease agreement is PLUS whatever they would’ve had to pay to renovate the ASU facility, but nothing extra beyond that.
I think we’re going to see a three year extension at Gila River. And it’s going to be basically the same lease terms but the Coyotes will pay like 10-15mil extra to update the arena for COG.