Phoenix CVI: It's good to talk these things out

[OthmarAmmann]

so ... Glendale won?

No, no, no... IA got the parking revenue. Easily worth $100 million!!!

 

[Melrose Munch]

Gee, thanks, Anthony... nothing like knowing your team is sticking around long enough to REALLY get the relocation rumor mill churning.

Be happy? Coyotes are not going to Quebec at all now.

 

[Llama19]

No, no, no... IA got the parking revenue. Easily worth $100 million!!!

According to the Follow Your MONEY web site, it is just a little short...

Arena Parking Rev-Hockey Games - $674,177.80
Arena Parking Rev-NonHockey - $407,756.23

Source: http://www.glendaleaz.com/FollowYourMoney/index.cfm

 

[GJB]

At least Doan can retire a Coyote. #PositivesPeople

 

[The Feckless Puck]

At least Doan can retire a Coyote. #PositivesPeople

Maybe they'll let us keep the retired jersey hanging at Gila River Arena to display when Dawes or rejects from "The Voice" show up for a concert.

 

[cheswick]

Las Vegas will need an AHL affiliate in 2 years....

 

[Major4Boarding]

What's the incentive for the team and league to agree to a scenario where they might not be the arena manager for a year?

I'll get back to you on that. Still pouring thru the First Amendment AMULA for additional triggers and I might have to correct myself later but... essentially if Glendale chose to do so they could already place another AM at GRA that would receive the $6.5M (or another negotiated term but me thinks if its SMG it'll stay at that $6.5M) and the Coyotes essentially still draw the revenues outlined in this new revised Agreement.

Here it is

Upon delivery of the Arena Management Replacement Notice the City and the Arena Manager shall amend the Agreement as necessary to reflect such replacement including, without limitation, Exclusive Arena Manager Revenues, Section 1.1.5, Section 9 (Charges and Fees), the deletion of Sections 8.1 and 8.4 thereof as well as Exhibits “Câ€, “Fâ€, “Gâ€, “Hâ€, and “L provided, that notwithstanding such replacement, the Team Owner shall have the right to generate, collect and retain the Exclusive Arena Manager Revenues attributable to Hockey Events. Team Owner shall have no right to any and all revenues, including surcharges, that are attributable to Non-Hockey events.

Parties expressly agree that in the event the City replaces the Arena Manager that the Team Owner will have the right to continue to receive concession, sponsorship and licensing revenues attributable directly to hockey events for the remainder of the term of the agreement. The Parties also agree that the replacement Arena Manager will not be permitted to charge or assess Surcharges or Supplemental Surcharges on any Coyotes Hockey Event tickets. Notwithstanding the foregoing, parties will negotiate in good faith and shall amend the agreement as necessary to reflect this understanding.

Furthermore, in the event that the city replaces the Arena Manager, the management fee described in section 10.1 shall be prorated based upon the number of months Arena Manager has served as the Arena Manager. By way of example, in the event that the city replaces the Arena Manager effective in the third month of the fiscal year, the Arena Manager will be paid one million eighty three thousand three hundred thirty-three dollars and thirty-three cents ($1,083,333.33) for the two months of service performed by the Arena Manager ($6,500,000÷12 x 2).

 

[XX]

Here it is

What about parking or naming rights money?

 

[NYNordsFan]

another band-aid on a gaping wound... a case of tough strips might be enough until the inevitable sale and relocation

 

[Fenway]

to be continued

 

[King_Stannis]

So to the casual fan, this would maybe have the right appearance to avoid a lame duck season? To me, I would still avoid full investment in this team if I were a fan in the area.

Well, every excuse under the sun has been given for the poor fan support and attendance so why not use a dispute that started in June and ended in July as yet another one.

 

[JimAnchower]

So in two years, it seems these are the options. Some more realistic than others.

1. Re-locate somewhere. Does this give Seattle enough time to get an arena deal finalized? Are Toronto 2 or Portland the fallback options if they don't get it done?

2. Move elsewhere in Phoenix. Be a sub-tenant to the Suns in Talking Stick or potential new arena.

3. Hope for a new council in Glendale that would be more willing to go back to a $15M AMF.

 

[Roadrage]

Zing! So long, Craig.

Did they meet up at Starbucks one last time?

 

[The Feckless Puck]

So in two years, it seems these are the options.

1. Re-locate somewhere. Does this give Seattle enough time to get an arena deal finalized? Are Toronto 2 or Portland the fallback options if they don't get it done?

2. Move elsewhere in Phoenix. Be a sub-tenant to the Suns in Talking Stick or potential new arena.

3. Hope for a new council in Glendale that would be more willing to go back to a $15M AMF.

1) Portland, maybe. Tukwila if they can get the arena done in time. Toronto? Hell no.

2) Not likely.

3) Completely impossible. The subsidy is gone after this season when Glendale gets a new arena management company, and no future council is going to reverse course on that.

 

[BattleBorn]

...
3. Hope for a new council in Glendale that would be more willing to go back to a $15M AMF.

That might be the real endgame right there. Work for a couple years and get a friendly council.

 

[OthmarAmmann]

Man, Tindall was let go. What did he ever do to warrant that?

Meh. When they give him his pink slip he'll probably just ignore it.

 

[JimAnchower]

Meh. When they give him his pink slip he'll probably just ignore it.

Think he's emailing some council members on their home accounts telling them this isn't a good deal?

 

[Llama19]

From all appearances, the team of Bowers, Bailey, and Beelzebub wrote a pretty good 'new' arena management agreement in short order...

 

[CasualFan]

Meh. When they give him his pink slip he'll probably just ignore it.

So much for the band, it's time for the Tindall solo album

This will look good on his resume

 

[GuelphStormer]

Think he's emailing some council members on their home accounts telling them this isn't a good deal?

well played

 

[habsinottawa]

So much for the band, it's time for the Tindall solo album

This will look good on his resume

"-Fired for forgetting the clause I placed in a contract written mainly by myself and subsequentlly costing my new employers millions from a sweetheart deal. Love a good a frapuccino."

 

[Llama19]

So much for the band, it's time for the Tindall solo album

This will look good on his resume

Maybe Craig can do one of those duet albums with Grant...

 

[OthmarAmmann]

Phoenix CVII: Huh, maybe IA doesn't have all the leverage after all

 

[Llama19]

6 things to know about proposed Coyotes arena deal

Source: http://www.azcentral.com/story/news...lendale-proposed-coyotes-arena-deal/30578215/

 

[RandR]

So in two years, it seems these are the options. Some more realistic than others.

1. Re-locate somewhere. Does this give Seattle enough time to get an arena deal finalized? Are Toronto 2 or Portland the fallback options if they don't get it done?

2. Move elsewhere in Phoenix. Be a sub-tenant to the Suns in Talking Stick or potential new arena.

3. Hope for a new council in Glendale that would be more willing to go back to a $15M AMF.

Fact still remains that none of CoG, IA or NHL want this team to move.

So let's not forget the following option:

4. Negotiate the best deal you can get with CoG and continue on with that.