Tuesday, February 24, 2009

Tuesday News and Notes

Playing Below Capacity: Florida Panthers, will be coming up soon...

- The City of Glendale, AZ has been quietly bailing out the Coyotes for the past several months.
"A record of lease payments by the Coyotes shows the city has been letting the team play virtually rent-free at Jobing.com Arena for seven months. Based on past payments, the break could be worth up to $4 million over the course of a year...

The Coyotes have not delivered the lease revenue. For example, the lease requires the team to pay an arena parking fee to Glendale of $2.85 per ticket sold. That parking fee makes up almost half of the team's $16.8 million in lease payments since 2003 -- $7.75 million to date. But that's $10 million short of the $17.8 million in parking fee revenue the Coyotes were projected to deliver."
What can I say? Something has to be done about Phoenix this off-season.

- Calgary billionaire Brett Wilson is to buy a share of the Nashville Predators.
"We shook hands on the deal -- we just haven't got it papered," Wilson told the Sun yesterday, cautiously optimistic the lengthy approval process is a mere formality..."
No word on how much of a share Wilson would have yet.

- On-Ice Ranger news: the Sean Avery situation should be sorted out in a week, according to Glen Sather.
Sather said he hopes to have Avery's status sorted out within a week. Tortorella has said publicly he is not an Avery fan but Sather said the coach "can learn to love him like I did."

Check back around lunch.

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