The Arizona Coyotes are expected to be sold and moved to Salt Lake City after the team's final home game of the season. Coyotes owner Alex Meruelo will sell the franchise to Utah Jazz owner Ryan Smith for $1.2 billion, with $200 million of that going to NHL owners as a relocation fee.
Arizona Coyotes forward Alex Kerfoot celebrates his goal with teammate defenseman Sean Durzi during the first period of an NHL hockey game against the Calgary Flames in Calgary, Alberta, Sunday, April 14, 2024. Arizona Coyotes forward Liam O’Brien is checked by Calgary Flames forward Connor Zary during the third period of an NHL hockey game in Calgary, Alberta, Sunday, April 14, 2024.
With no guarantees the land deal will go through, Meruelo didn’t want the players to continue playing in an arena that’s not up to NHL standards, so he opted to sell the franchise to Smith. Meruelo plans to keep his business operations intact to work toward securing and developing the north Phoenix land. He also plans to move the Tucson Roadrunners, the team’s American Hockey League affiliate, to Mullett Arena to keep the team’s youth hockey efforts moving forward.The deal to sell the team to Smith will include a provision for Arizona to get an expansion team if the new arena is built within five years.
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