Posted: Jan 28, 2013 1:18 AM by Associated Press
Updated: Jan 28, 2013 3:40 AM
PHOENIX (AP) - Thursday marks the deadline for prospective Phoenix Coyotes buyer Greg Jamison to purchase the team from the National Hockey League.
The Arizona Republic reports (http://bit.ly/VFXGLO) that Glendale officials have no idea whether Jamison will complete a 20-year deal to use and manage the city-owned Jobing.com Arena.
The agreement will expire if the deadline is blown.
The deal would pay Jamison an average of $15 million annually to book non-hockey events and oversee parking and maintenance at the arena and would guarantee Jamison and his ownership group about $300 million in city payments over the life of the contract.
Team spokesman Rich Nairn says Coyotes executives expect the sale will be completed by this week's deadline.
Check out the latest events FC Tucson has scheduled.
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