Arizona Coyotes insufficient Funds May Have Cost The Team Everything

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Hunter Bowman
February 8, 2024 (10:40 PM)

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The Arizona Coyotes have had their fair share of struggles in the NHL, and now they're facing the possibility of relocation, with recent reports suggesting it's more likely than ever.

The latest snag in their plans revolves around the team's efforts to secure land for a new building in Arizona. The Coyotes are waiting for a land auction to conclude, but it seems they may need to restart the process.

According to a source close to the situation, the Coyotes initially aimed for a 200-acre plot but had to scale back to 100 acres due to high appraisal costs. This setback means they'll have to endure the land auction process all over again, raising questions about the league's patience.

«The Coyotes applied for the land auction several months ago. They wanted 200 acres. The appraisal came in too high for Yotes bank account. They cut application in half, to 100 acres. Land Department has to redo review.»

NHL insider Frank Seravalli hinted that an announcement regarding the Coyotes' future could be imminent, possibly within weeks.

The timing of this development aligns with speculation from Kevin Weekes, who suggested a potential relocation to Salt Lake City.

»My bet is a Coyotes relocation announcement. Hopefully they change the name too, but regardless of what happens, I'm all in on it»

However, the Coyotes responded with optimism, indicating they're narrowing down their options and are committed to finding a resolution to stay in Arizona. They emphasized their determination to finalize their plans.

«An announcement with our plan to stay in Arizona will be coming out soon. We have narrowed our list of sites down & remain extremely bullish that we will have a resolution on our home in the desert soon. Nobody wants to get this done more than us. As @jimcramer would say.. BUY BUY BUY»

As the situation unfolds, it's crucial to stay tuned for updates, as the outcome could have significant implications for the Coyotes and their future in the NHL.

Source: Houseofhockey