Quote:
Originally Posted by Resolute 14
The city pays the Coyotes $15 million per year to manage the arena. As part of the deal, the Coyotes return a percentage of various revenues to the city. But what they pay doesn't come remotely close to what they get back, so the new city council is upset. This fact is also why the old city council, which was more Coyotes-friendly, rushed the vote through.
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Well TSN reported that they only paid $8.5M net after getting $6.5M back. They have 13 years left so a more reasonable settlement would be about $110.5M.