Ownership Cluster**** Thread: NHL and GJ, Put Up or Shut Up!
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10-02-2012, 04:31 PM
Join Date: Mar 2011
Location: Maricopa County
So the fun is starting. Changes include adding a 5 year option at the end of the deal with a requirement to have 40 hockey events a year with 30 non-hockey events; a $30K deduction would occur for each event under the 30 requirement.
New Management Fee:
With $500,000 each year for capital improvements. Overall life of the deal lowered to $320M. Lockout penalty=$60,000 per each game missed. A bonus of $600,000 will be given for every additional 20 events over the 30 non-hockey events.
Joyce comments that she met with the current owners of Westgate who said they have tenants willing to move in after the Coyotes agreement.
Last edited by Naurutger: 10-02-2012 at
. Reason: Updates
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