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10-02-2012, 04:27 PM
Free Max!
Naurutger's Avatar
Join Date: Mar 2011
Location: Maricopa County
Country: United States
Posts: 5,304
vCash: 1025
What is the plan today:

Glendale council meets to discuss Phoenix Coyotes deal

The payment was $17 million this fiscal year.
Two months later, the council asked interim City Manager Horatio Skeete to renegotiate with Jamison to lower the payments in the early years.

Now they want it:

The proposed changes would lower those numbers to $13 million in year one, $14 million in years two and three, $15 million in year four and $16 million in year five.

So the 5 year average moves from $19M to $14.4M; overall average of the 20 year deal should remain at the original $15M.

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