A story that’s not just for Doomsday, but for every day.
Glendale seeking reprieve from NHL for cost of Coyotes
The City of Glendale is asking the National Hockey League to give it a break. The city owes the league $25 million for the Phoenix Coyotes. The league bought the Coyotes at a bankruptcy auction in 2009. Glendale paid $25 million to the NHL last season to keep the team in Glendale. Then this season the city put $20 million in escrow and committed another $5 million. The Arizona Republic reports the payments have nearly drained the city’s reserves.