Coyotes Relocation To Make Other NHL Owners Even Richer
Reports have emerged today all but confirming that the Arizona Coyotes will be relocating to Salt Lake City. Now the move could have serious implications on the other NHL owners as they could stand to make a profit on the move.
Numerous sources revealed today that the NHL is preparing for a world where the Coyotes are no longer in Arizona. According to Elliotte Friedman, the move could come as early as next week. The Coyotes last game of the season will be on April 17th at home in Mullett arena.
The NHL and the Arizona Coyotes are preparing for the possibility of a move to Utah as soon as April 18, per @FriedgeHNIC.
Apparently, the NHL is preparing for this reality by creating two schedules for next season. One has the Coyotes still in Arizona while the other has them in Utah. As such, the league will have their basis covered next season, regardless of where the team is.
The NHL is drafting two versions of its 2024-25 league schedule with the potential of the Coyotes relocating to Salt Lake City. 😯
The rest of the owners around the league likely won't be too upset about this move as they are reportedly set to split a small relocation fee between them. According to Greg Wyshynski, the NHL is prepared to buy the Coyotes themselves for 1 billion dollars, then sell the team to Ryan Smith for 1.3 billion. The 300 million dollar difference would be split between the club owners, each getting a little under 10 million dollars in such a deal.
NEWS: If @ArizonaCoyotes relocate to Utah, an NHL source says that Coyotes owner could sell team to the league for $1 billion; and the NHL would sell the franchise to Jazz owner Ryan Smith for $1.3B. Owners would split $300M.
It isn't exactly expansion fee money, but I'm sure no one would complain about getting millions of dollars for free.
Source: BladeofSteel
NHL Owners in line for big payday with relocation of the Coyotes
NHL Owners in line for big payday with relocation of the Coyotes
| POLL | ||
10 AVRIL | 230 ANSWERS Coyotes Relocation To Make Other NHL Owners Even Richer Do you think the NHL should sell the Coyotes to a new owner for a small profit if it means relocation? | ||
| Yes | 184 | 80 % |
| No | 46 | 20 % |
| LIST OF POLLS | ||
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