Friday’s roundup: Coyotes staying put
The Glendale City Council voted unanimously in favor of a restructured arena lease agreement with the Arizona Coyotes on Friday, keeping the team in the desert for at least two more years.
The deal approved by the seven-member council replaces a 15-year, $225 million arena management agreement signed in 2013. The new deal cuts Glendale’s annual arena management fee to the Coyotes from $15 million to $6.5 million, turns all hockey-related profits over to the Coyotes and rescinds a five-year out clause the team had in the original agreement.
“This is a fair arrangement for the city, a fair arrangement for the taxpayers and a fair arrangement for the Coyotes and our fans and our sponsors,” Coyotes co-owner, president and CEO Anthony LeBlanc said.
The Capitals signed goaltender Braden Holtby to a five-year, $30.5-million contract.
... The Canadiens signed Alexander Semin to a one-year contract for $1.1 million. Semin had six goals and 13 assists in 57 games last year.
The Hurricanes bought out his contract July 1.