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Originally Posted by SuperMatt18
Isn't the City of Glendale not really thrilled with that deal either...I feel like they would be able to figure that one out.
It would have been in both the City of Glendale and the Coyotes best interest to not announce that they have opted out in December.
Would have further plummeted already poor attendance and I'm sure Glendale would rather the Coyotes just leave quickly and quietly opposed to a drawn out 6-8 month process.
Lots of ways to figure out a way to get out of the year to year lease that neither party is overly thrilled about. Hell the city of Glendale already unilaterally voided the 15 year lease they had after two years in 2015.
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I don't think so.
If the Coyotes came to Glendale asking to be released from the lease outside of an opt out date or valid legal reason, Glendale will want significant compensation.
Assuming they are not dumb, Glendale will realize that the lease is potentially holding up a sale/relocation/arena dale and use that as leverage before letting the Coyotes off scott free.
While they might not be happy with the current agreement, they prefer it to having no tenant otherwise they would have told the Coyotes to take a hike back in 2015.