The Phoenix Business Journal is full of all sorts of news after they reported that the NHL had a deal with True North Sports and Entertainment. They are reporting this afternoon that Jerry Reinsdorf will reportedly have an out clause in a potential deal that would allow him to move the Phoenix Coyotes if he cannot get a favorable lease for the team.
Jerry Reinsdorf Coyotes’ Bid May Have An Out Clause
Several sources familiar with the Coyotes ownership situation say a Reinsdorf bid could include a clause that would allow the team to get out of its long-term lease at Jobing.com Arena in Glendale. That could mean a move to Las Vegas, Kansas City, Winnipeg or Quebec City.
While all of this seems to be a slight ploy to get the city of Glendale to negotiate better lease terms to keep the team in Glendale, Phoenix fans still have to be annoyed with the threat of moving being constantly beat over their heads.
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