The City of Glendale and Arizona Coyotes have resolved their legal dispute over the cancellation of the team’s arena lease deal. The new agreement, which will be voted on by Glendale city council Friday, will allow the Coyotes to collect some hockey-related revenue that was formerly collected by the city.
The Arizona Coyotes and City of Glendale have come to an agreement that will resolve their current legal battle regarding the arena lease deal that was cancelled by a city council vote in early June.
In a release from the team Thursday afternoon, the Coyotes announced the two parties had come to an agreement. The details of the deal include allowing the Coyotes to collect all hockey-related revenue that previously was collected by Glendale, as well as ticket surcharges and parking revenue. In addition, some of the revenue from naming rights will go to the Coyotes and the out-clause that was part of the original deal has been removed.
All of the amendments to the agreement will officially be voted on by city council at a meeting Friday at Glendale City Hall.
In the Coyotes release, it was stated that all representatives from the Coyotes and City of Glendale will, “reserve comments until after the Friday council meeting,” but Coyotes co-owner Anthony Leblanc released a short statement through the team.
“We have come up with a resolution that works for both sides and is best for the team, our fans, the city and most importantly the taxpayers,” said LeBlanc. “Neither side benefits from a long, drawn out legal battle….This decision will bring much-needed certainty to our fans and sponsors about our near-term future and an end to the uncertainty brought about through this legal action. We know that hockey works in the Valley and we are committed to Arizona for the long-term.”
In addition to Leblanc’s statement, acting Glendale city manager Dick Bowers said, “This revised agreement represents a positive outcome for both the city and the Coyotes.”
According to FOX Sports Arizona’s Craig Morgan, the terms of the deal will, “keep the Coyotes at Gila River Arena for at least the next two seasons.”