NHL leaders have taken the next step in moving the Arizona Coyotes to Utah. Here's the latest on the team's relocation news.
Arizona Coyotes goaltender Connor Ingram, center, celebrates a win against the St. Louis Blues with Coyotes left wing Michael Carcone and Coyotes center Alexander Kerfoot, left, as time expires in the third period of an NHL hockey game Saturday, Dec. 2, 2023, in Tempe, Ariz. The Coyotes won 4-1. NHL leaders have taken the next step in moving the Arizona Coyotes to Utah., citing unnamed sources. The decision now goes to the league’s 32 teams, voting as the Board of Governors.
Under the terms of the deal being discussed, the NHL would pay Meruelo $1 billion for the organization’s hockey operations assets — the same expansion fee he’d be required to fork over to bring a team back to the Phoenix area — and would then flip them to Salt Lake City owners Ryan and Ashley Smith of Smith Entertainment Group for $1.2 billion, with the extra $200 million distributed among existing NHL owners, per league sources.
Among them was the precise language around what conditions Meruelo would have to satisfy and on what timeline to be granted the contractual rights to a future expansion franchise in Arizona. What is known is that he won’t be able to sell or transfer those rights. They will be his to exercise alone.As part of the NHL’s deal with Meruelo, he would keep the Coyotes’ brand, logos and history to be used if and when he is awarded an expansion team in the near future.
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