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NHL, Glendale reach agreement for Coyotes to stay for another season

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TSN's Darren Dreger says the NHL and the City of Glendale have agreed on a deal that ensures the Coyotes will stay at Jobing.com Arena for another season.

Dreger says the NHL and the city of Glendale deal will ensure the city  covers any operating costs up to $25 million for the 2010-2011 season.

In the meantime, a continued search for local ownership will resume, he says.

Dreger says sources told TSN that Glendale city officials also talked with representatives from Ice Edge Holdings today but Ice Edge is reluctant to engage in further discussions with the city without exclusivity.

History

Updated on Friday, May 21, 2010 at 7:25 PM CDT: Adds details from TSN website

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