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11-16-2012, 02:16 PM
  #739
powerstuck
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Join Date: Jan 2012
Location: Quebec City
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Quote:
Originally Posted by cbcwpg View Post
http://www.glendaleaz.com/documents/...11612final.pdf

On Tuesday, Nov. 20, staff will present to the Glendale City Council a revised draft arena use agreement for the city-owned Jobing.com Arena during a City Council workshop session. The documents outline a tentative agreement between the city and Arizona Hockey Partners LLC, the prospective owner of the National Hockey League (NHL) Coyotes franchise with Greg Jamison as Manager.

http://www.glendaleaz.com/documents/...-15-122208.pdf
http://www.glendaleaz.com/documents/...-15-122238.pdf
http://www.glendaleaz.com/documents/...edExhibits.pdf

AMF

For the period beginning on the Closing Date and ending on June 30, 2013, $11,000,000;
Beginning on July 1, 2013 and ending on June 30, 2014, $14,000,000;
Beginning on July 1, 2014 and continuing each year until June 30, 2016, $15,000,000 per year;
Beginning on July 1, 2016 and continuing each year until June 30, 2017, $16,000,000 per year;
Beginning on July 1, 2017 and continuing each year until June 30, 2022, $18,000,000 per year
Beginning on July 1, 2022 and continuing each year until June 30, 2023, $17,000,000 per year;
Beginning on July 1, 2023 and continuing each year until June 30, 2027, $16,000,000 per year;
Beginning on July 1, 2027 and continuing each year until June 30, 2028, $14,000,000 per year.
Beginning on July 1, 2028 and continuing each year until the Termination Date, $13,000,000 per year.
So, it took them what 4 months to get down to $277M instead of $320M.

Btw, from what I understand, they will give Jamison $11M for a lame duck season. That's...amazing ! The guy just got richer without even raising his little finger.


Last edited by powerstuck: 11-16-2012 at 02:24 PM.
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