New concessions agreed for Coyotes


It appears the Phoenix Coyotes playing rent free at the Arena is just the beginning in terms of concessions laid out by the city of Glendale, Arizona.

Sources tell Sportsnet that NHL commissioner Gary Bettman and the city of Glendale have come to terms on an agreement that will see Glendale concede at least $15 million per year to the Coyotes towards a new lease deal.

Sources also say principle owner Jerry Moyes has had three separate out of state groups show interest with one already making a formal offer. A league source tells Sportsnet they hope to have a new ownership group finalized by the 2009 NHL entry draft in Montreal.