Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-07-2012, 02:23 AM
Join Date: May 2010
Originally Posted by
I think you pretty much nailed it. If JIG actually agrees to such a drastic cut then Glendale should jump on it. By rights the AMF should be capital costs (which increases with more events) + small management fee ($250k to $1m is the standard) + percentage of profits. With most arenas this works out to the $6m to $11m range. Would also avoid any gift clause challenge.
But to be honest,
Gramps doesn't seem too interested in any cuts to the current deal
. Clearly he wants Glendale to subsidize team losses and help his investors make money. After tonight, without a game changer showing up, I don't see any path that realistically keeps the Coyotes in Arizona.
Jamison is not the big investor here, and all signs indicate that any potential owner needs a sizable subsidy to be enticed to purchase the Coyotes and sign a long-term lease in Glendale. Unless the NHL makes a major move to lower the purchase price, I can't see how Jamison or any owner will agree to much less of a subsidy than is in the current lease.
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