Coyotes to stay for at least 2 more years under new deal

By JOHN MARSHALL
AP Sports Writer

GLENDALE, Ariz. (AP) - The Glendale City Council has voted unanimously in favor of a restructured arena lease agreement with the Arizona Coyotes, keeping the team in the desert for at least two more years.

The seven-member council voted on Friday to approve the deal that replaces a 15-year, $225 million arena management lease signed with IceArizona in 2013.

The new deal cuts Glendale's annual arena management fee to the Coyotes from $15 million to $6.5 million and turns all hockey-related profits over to the team.

The council voted June 10 to terminate the original arena lease agreement, citing a conflict-of-interest law, and faced a protracted legal battle after the Coyotes threatened to sue.

Coyotes co-owner Anthony LeBlanc said the team will work toward securing a long-term deal to remain in Glendale.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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