Another thought crossed my mind in regards to a joint arena with the Suns and it’s just a wild thought...
The city authorized additional money to examine looking at renovating the arena to make it good for hockey.
Another thought crossed my mind in regards to a joint arena with the Suns and it’s just a wild thought.
Maybe this attempt has nothing to do at all with trying to work out a deal with Sarver but it’s more about laying blame if the team has to leave. They can already blame Glendale, they can already blame ASU and they can already blame the state. Surely, Bettman doesn’t want to blame an NBA owner who is a business partner with many of the other owners. So how can they have anyone else to blame or justify leaving without the optics of exhausting all options?
Answer: City of Phoenix itself.
Keep in mind the day after Glendale voted to terminate the lease, Mayor Stanton spoke up proclaiming his support to get the Coyotes back downtown.
April of 2016, during a state of the city address, Stanton once again mentioned his desire for a new downtown arena for the Coyotes and the Suns. Not to mention during the last legislature session he spoke out against a new East Valley Arena saying it makes more sense to have a shared use building downtown.
The city authorized additional money to examine looking at renovating the arena to make it good for hockey. Though the revenue split will remain the issue, the optics of building something for the Coyotes remains.
Well, Mr. Stanton it’s time to put your money where your mouth is! Perhaps the meeting with both parties is to figure out the numbers on how a share facility can work for both teams….price tag then gets sent to Phoenix…weather it’s just construction costs…or…build in a ‘management fee’ for the Coyotes to ‘manage’ while the Suns gets the revenues the building will normally generate.
If the city somehow ponies up, then both teams have enough $$$ coming in to make it work. Otherwise, it doesn’t get support of council. No real pressure as the Coyotes don’t play in the city so nothing to lose.
If they say no, then who else has spoken up with a desire to keep the team and ‘can’t come through’?…Glendale: check, Sen. Worsley who represents the state: check. Mayor of Mesa…sort of…see Worsley…..Mayor Stanton….check-mate?
What reports? "Coyotes lose buckets of money" is not a new thing. If the league wants to subsidize the team for various reasons, that's on them. They've got Barroway holding at least some of the bag right now.
I don't know if that is completely accurate. They are looking at the costs of modernizing the arena vs. a completely new arena. I don't think they've ever stated that the renovation would be done with hockey in mind.
Blue said the consultant will also look at whether the existing arena could be compatible with hockey. The Arizona Coyotes continue to search for a deal that would allow them to exit their tumultuous relationship with Glendale.
Goose..... the possibility that the league is doing all this as an exit strategy is certainly plausible, but optics would probably dictate that they would simply state they exhausted all possibilities and just couldn't make it happen.
Also.... I said awhile back that I wouldn't be surprised if there's another attempt to get a taxing district bill passed in the next legislature session. Only this time you could have the city of Phoenix, Suns and Coyotes all lobbying for it.
A couple of legislators did hint that if there was more private money involved in it they might be more receptive. In this case you have both the Suns and Coyotes contributing and if they came up with 1/2 to 2/3 of it up front who knows??
Friedman is getting fed the same bs that Shannon was fed. Note that like John he does not have a direct quote from either Silver, Sarver, and even Bettman. At best it the NHL floating a trial balloon to see how Sarver and the NBA will react, at worse it a wild goose chase fed by the NHL to keep a lid on the situation. While these guys are happy to report the "unofficial official" line they don't go digging too hard in Yotes business.Friedman's 30 thoughts from today
http://www.sportsnet.ca/hockey/nhl/30-thoughts-trade-value-first-round-pick/
Supports Shannon's comments from 2 weeks ago:
"Off the ice, this is a huge year for Arizona. Bettman and NBA Commissioner Adam Silver have taken the lead on a new arena from Barroway and Suns owner Robert Sarver, who is notoriously difficult. Can they get it done?"
Legend, AB does not have the money to contribute to the building of a new arena!
Not saying they are moving, just saying they could move, and I can come up with a lot of business ( this being a business forum and all ) reasons why. All you can come up with is "they haven't moved yet" and Vegas just got a team. Well, what happens in Vegas , stays in Vegas, and has zero bearing on what happens in Arizona.
Legend, AB does not have the money to contribute to the building of a new arena!
Also.... I said awhile back that I wouldn't be surprised if there's another attempt to get a taxing district bill passed in the next legislature session. Only this time you could have the city of Phoenix, Suns and Coyotes all lobbying for it.
A couple of legislators did hint that if there was more private money involved in it they might be more receptive. In this case you have both the Suns and Coyotes contributing and if they came up with 1/2 to 2/3 of it up front who knows??
Another attempt at the legislature is another possibility with all of parties involved as above. Money generated through the taxing district could be something residual that will bring $$$ to the Coyotes while Sarver keeps his share of the building revenue.
A possible issue with that is going that route is the timing would mean they would have to use the auto-renewal and commit to losses in 18/19. Their financing may allow another year anyways.
Pre filing starts in November if I recall correctly.
Friedman is getting fed the same bs that Shannon was fed. note that like John he does not have a direct quote from either Silver, Sarver, and even Bettman. At best it the NHL floating a trial balloon to see how Sarver and the NBA will react, at worse it a wild goose chase fed by the NHL to keep a lid on the situation. While these guys are happy to report the "unofficial official" line they don't go digging too hard in Yotes business.
To be honest I was curious about where it would come from myself.
.... UAE. Abu Dhabi. AEG beyond connected. Hardwired me olde Son.
Well then let's get er done so we can stop obsessing over it.
Friedman is getting fed the same bs that Shannon was fed.
Also.... I said awhile back that I wouldn't be surprised if there's another attempt to get a taxing district bill passed in the next legislature session. Only this time you could have the city of Phoenix, Suns and Coyotes all lobbying for it.
A couple of legislators did hint that if there was more private money involved in it they might be more receptive. In this case you have both the Suns and Coyotes contributing and if they came up with 1/2 to 2/3 of it up front who knows??
Shannon I could see getting fed BS, but Friedge is a lot more reliable and I think his dope is genuine. Obviously, YMMV.
Yep... but Morgan is now tossing water on it.
If precedent is to be believed, then that should make folks around here believe that the odds of it being true have gone through the roof...
If precedent is to be believed, then that should make folks around here believe that the odds of it being true have gone through the roof...
My question is:
Suppose that Barroway is actually set up for a flip. It would seem there are 3 possibilities....
1- A flip to other investors to keep the team local. Question: How would that actually work? In other words, what's the best scenario that would convince someone to jump in the short order that Barroway needs? It seems the only possible change in situation that is possible in the near future is a deal on an arena with the Tribes somehow, and one that would come with an operating subsidy at that. Is such a thing actually possible? Does anyone know? Does anyone have anything to add as another source of temptation for someone else to buy in and keep the team in AZ?
2- A flip for relocation. This also has 2 very strong points against it. The big question would, of course, be...where to? And, the answers seems to be Seattle or Quebec. The negative points are: Seattle will hardly have a settled arena plan at that time, and if OVG comes out with a contract to overhaul Key, then a relocation there will require a temp facility, and there are not any nice ones available there. For Quebec, the obvious negative is alignment. And, my real question here is: If Barroway has an out of market flip in mind, does that mean that Bettman has OK'd his plan? If so, that's big news.
3- A flip back to the NHL to stay indefinitely in Arizona. I include this for the sake of cobra427, and others in Arizona. It sure seems to me that the NHL wants to give the appearance of being out of the ownership business, so I can hardly imagine this. But it is possible. What a strange agreement that would be: "Hey, you put some money in and look like you are running the team. We'll buy it back so you get your money out of it if we need to...."