CXLII - Coyotes agree to play at ASU with $20m annex for next three years.

[LadyStanley]

Congrats for having a planed home before new facility built.

(How much with NHLPA complain about HRR impact?)

Click to read more...

 

[LadyStanley]

$$ up front

 

[StreetHawk]

$$ up front

Wouldn’t you also ask for the money up front given the coyotes recent track record of late payments and “employee errors”?

 

[TheLegend]

Wouldn’t you also ask for the money up front given the coyotes recent track record of late payments and “employee errors”?

Always a possibility. And on this site people tend to grab hold of the easiest thing.

But as already explained in the previous thread. It may also have been a prerequisite from the contractor building the arena, because of the change order needed to add onto the existing plan.

 

[Mightygoose]

Congrats for having a planed home before new facility built.

(How much with NHLPA complain about HRR impact?)

Interesting that the larger font and the first line of their tweet is Tempe. Not ASU who the agreement is with...not the East Valley which reaches a larger segment on fanbase they've seen saying that they want to move closer too

Though geographically accurate, the messaging shows which ball the court is in. The wording is very intentional

 

[The Lighthouse]

I want to plan a trip just to see a game in there.

 

[LPHabsFan]

I don't get why some people are celebrating this as this was only one of the giant steps that need to happen. The bigger issue is actually having an NHL arena to play in. Does the announcement with ASU actually lock them in for the next 3-4 years or whatever it is? Completely my opinion but no, it doesn't. Whether it's an actual out clause that's built in to the agreement, or simply telling ASU to screw off and paying whatever is left to pay on the lease, this does absolutely nothing in the big picture. It just means they're not completely homeless in the Arizona market as of next year.

Oh, and the whole several hundred million dollars of debt they already have and will continue to add to by playing in arena that holds less than some or all Major Junior and NCAA teams.

 

[Dirty Old Man]

I don't get why some people are celebrating this as this was only one of the giant steps that need to happen

Well, for starters, it does silence the "they have to move now if they don't have a place to play in AZ this fall" people. Because they have a place to play this fall. And the next one, and the next one,...like someone in another forum said, some of you will be up to 15 years wasting your life on here waiting for something to happen that never was going to happen, sooo.....

 

[htpwn]

I'm still convinced that this is personal for Bettman and no other team would have been allowed to play in such a place.

But hey, for whatever the optics are, Coyotes fans are going to have a lot of fun in that building for the next little while.

Small barn + full house = loud and raucous.

 

[Rob]

My earlier prediction was that they will be in the same situation this time next year. Playing at ASU while still trying to hammer out an agreement for Tempe

 

[hockeyguy0022]

My earlier prediction was that they will be in the same situation this time next year. Playing at ASU while still trying to hammer out an agreement for Tempe

it's going to be easily 6-10 years there. Once I heard AM has a construction company, it's so obvious. AM now owns Gary Bettman forever.

Absolutely no rush on things now.

 

[Cynicaps]

The NHL should be ashamed of itself. The Thrashers could've moved to Gwinnett and have thrived under this criteria. Heck, the Whalers would be still a thing under this criteria.

 

[TheLegend]

Statement from the NHLPA…

 

[gstommylee]

Statement from the NHLPA…


View attachment 506256

They really don't have much of a say in that matter.

 

[TheLegend]

Latest from Craig Morgan on today’s ABOR approval of the extended plan for the ASU’s multi-purpose arena. Might behind a paywall.

Arizona Board of Regents approves plan for Coyotes to play games at ASU’s multi-purpose arena - PHNX

Includes a Q&A with ASU Executive Vice President, Treasurer and CFO Morgan Olsen. Provides some details on the leasing arrangement.

(Note: I’m at work and can post Cliffs Notes later tonight if nobody can read the article).

 

[TheLegend]

They really don't have much of a say in that matter.

They can make sure the Coyotes adhere to the CBA agreement.

 

[powerstuck]

This is interesting and I feel will finally put the pressure on the league.

While NHLPA cannot do much, they will be talking about it every year until the new arena is done.

If Murelo manages to get a new arena in the region he wins, if he doesn’t he can move or sell.

But this sets a precedent for the league and can open a nasty pandera box.

Imagine Calgary who wants a new arena, why couldn’t they get an 8-10k one for much cheaper than a classic 18-20k one. Heck that would help them drive ticket prices up.

There would need to be some math but it’s not hard to study a market with history and figure out at what price can you make as much money in a 10000 seats arena than in a 18000 one. Lower the availability, increase demand, increase prices and naturally you end up doing the same or better money than before.

 

[farscape1]

All these years and this team is still in the same situation. 5000 seat arena, how bush league. Just move the team already or fold them.

 

[Section 104]

This is interesting and I feel will finally put the pressure on the league.

While NHLPA cannot do much, they will be talking about it every year until the new arena is done.

If Murelo manages to get a new arena in the region he wins, if he doesn’t he can move or sell.

But this sets a precedent for the league and can open a nasty pandera box.

Imagine Calgary who wants a new arena, why couldn’t they get an 8-10k one for much cheaper than a classic 18-20k one. Heck that would help them drive ticket prices up.

There would need to be some math but it’s not hard to study a market with history and figure out at what price can you make as much money in a 10000 seats arena than in a 18000 one. Lower the availability, increase demand, increase prices and naturally you end up doing the same or better money than before.

&ou do have that with baseball stadiums the last 20 years or so. Granted a lot of them”cookie cutter” stadiums built in the 1960s-70s were dual purpose baseball-football. But even so the trend has been to reduce the capacity to about 35-40,000. Yankee Stadium I, built in 1923, which could some 73,000 and up to 81,000 with standing room and wasn’t really built for football that I know of (the Giants, just starting, played in the Polo Grounds until the 1950s)l
Of course when the Flames first moved to Calgary 40 years ago they played in an arena that held 6,500. A couple years earlier the NBA Nets played at Rutgers that held 8,000. But both of those had arenas on the way. But my understanding this is contingent on stiffing the taxpayers for an arena (best use of money if you ask me).
Meanwhile this Sunday we can watch the CTE bowl with one team that in 80 years has gone from Cleveland to Los Angeles to Anaheim to St Louis and back to Los Angeles. Too bad Cincinnati has been stable since its founding in 968; I would have preferred the Oakland-Los Angeles-Oakland-Las Vegas Raiders

 

[gstommylee]

&ou do have that with baseball stadiums the last 20 years or so. Granted a lot of them”cookie cutter” stadiums built in the 1960s-70s were dual purpose baseball-football. But even so the trend has been to reduce the capacity to about 35-40,000. Yankee Stadium I, built in 1923, which could some 73,000 and up to 81,000 with standing room and wasn’t really built for football that I know of (the Giants, just starting, played in the Polo Grounds until the 1950s)l
Of course when the Flames first moved to Calgary 40 years ago they played in an arena that held 6,500. A couple years earlier the NBA Nets played at Rutgers that held 8,000. But both of those had arenas on the way. But my understanding this is contingent on stiffing the taxpayers for an arena (best use of money if you ask me).
Meanwhile this Sunday we can watch the CTE bowl with one team that in 80 years has gone from Cleveland to Los Angeles to Anaheim to St Louis and back to Los Angeles. Too bad Cincinnati has been stable since its founding in 968; I would have preferred the Oakland-Los Angeles-Oakland-Las Vegas Raiders

Stiffing the tax payers? And how do you know the tax payers are paying for it when none of us has read the proposal fully.

 

[JMROWE]

REALLY c'mon this reeks of desperation by the NHL. to keep a failed franchise in market that no one cares about & it would not surprise me in the least that they can't fill a 5000 seat arena & this go to show you that Gary Bettman & most of the NHL. BOG. has turned a once proud & strong league into a laughing stock of the sports world .

May I add this I did some research & I found out that the NHL. only has 5 teams in the top 100 most valuable sports franchises in the world & all 5 teams are at the tale end of that list .

Also lets look at least most valuable franchises by league.
NHL.- Coyotes 285 million
NBA. - Grizzlies 1.3 billion
NFL. - Bills 2.27 billion
MLB.- Marlins 990 million
Soccer -Ajax Amsterdam - 469 million
MLS - Colorado Rapids - 368 million
Boy dose this list must make the NHL. look stupid

 

[Knights2017]

The NHL should be ashamed of itself. The Thrashers could've moved to Gwinnett and have thrived under this criteria. Heck, the Whalers would be still a thing under this criteria.

With what owner??

 

[gstommylee]

With what owner??

and with what arena?

 

[Knights2017]

and with what arena?

Again. What owner wanted to keep the team in Atlanta?

also. People need to get it through their heads that this ASU thing is temporary.

Remember the chargers playing in a small soccer stadium?? Anyone?

 

[gstommylee]

Again. What owner wanted to keep the team in Atlanta?

None. I'm just saying where would the team even play even if they had an owner willing to keep them