By Sonu Munshi
The Arizona Republic
The Glendale City Council on Tuesday got its first look at a renegotiated Phoenix Coyotes deal that has the city paying $11 million this year to Coyotes suitor Greg Jamison, $6 million less than the council approved
in June.
Under the new proposed agreement, Glendale would pay $320 million over 20 years, instead of $324 million, with most of the money going to Jamison to manage the city-owned arena.
The difference would be that Glendale would pay $308 million for arena management instead of $300 million, with lower payments in the early years. Payments for capital improvements over 20 years would come down from $24 million to $12 million.
Some other terms and conditions were also included. There are incentives for the arena manager to bring additional events to Jobing.com Arena, and Glendale would have lower management-fee payments in the event of a National Hockey League lockout or strike.
