Phoenix Coyotes Rumors

The Glendale, Ariz., City Council Monday signed a 15-year, $225 million lease agreement with the prospective new owners of the NHL Phoenix Coyotes, keeping the team in that suburb of Phoenix. It was considered a bit of an upset that the agreement was reached and the prevailing wisdom was that the franchise was going to be moved, with Seattle said to be the leading candidate for the relocation. But, according to a highly placed Portland Trail Blazer source, the Blazers were closely monitoring the situation, had been in discussions with the NHL and were ready to make an offer for the franchise in order to move it to Portland’s Rose Garden, if the lease in Glendale didn’t work out. The interest by the Blazers was considered serious, by the team and the NHL, with much time spent on financial analysis and projections. It is believed the team could consolidate several of its operations to serve both basketball and hockey while adding another full-time tenant for the arena.