RandR
Registered User
- May 15, 2011
- 1,911
- 425
As confident as they might have been, that was no guarantee that they would win their case. And if winning the case also ultimately led to the Coyotes leaving even sooner than 2 years due to bad blood brought by a court fight, than that's not good for Glendale either.... I can't see how the AMF opponents vote for this. Trial goes ahead, if they are confident in their case, the lease is over and they lose no more money. They vote on this, they lose $6.5M more and that's it.
COG has said repeatedly... they want the Coyotes to stay, but not under the terms of the old agreement. They got that. The financial terms are better, there is now cost certainty instead of banking on promised revenues, and they won't be stuck with 12 more years of the old lease if the Coyotes decided to stay after all. (In other words, the out-clause that kicked in after 5 years for IA has now taken effect for both sides.... they are both free to negotiate an extension or another deal.)
Sure, COG likely tried to negotiate even better terms, but IA doesn't seem to have too much to offer back on their side either so they couldn't squeeze them too tight. They got a negotiated compromise.