• Loading stock data...
Wednesday, January 15, 2025

Arizona Coyotes, Arizona State Agree to Arena Deal

  • Coyotes will call ASU’s new arena home for at least the next three seasons.
  • The 5,000-seat arena is about a third the size of the team’s current home in Glendale.
Arizona-Coyotes
Joe Camporeale-USA TODAY Sports/Design: Alex Brooks

The Arizona Coyotes will call Arizona State University home for at least the next three seasons.

Minutes after Front Office Sports reported the deal was done, the Coyotes made the official announcement Thursday. Earlier in the day, the Arizona Board of Regents approved the agreement to share the 5,000-seat arena slated to open in the coming months.

The Coyotes were in search of a new arena to call home after the city of Glendale notified the franchise in August that it would not renew the lease over alleged unpaid financial obligations. 

“This will be an incredible, intimate and exciting fan experience in a state-of-the-art new arena in a fantastic location in the heart of Tempe,” Coyotes President & CEO Xavier A. Gutierrez said.

“We are very grateful to Dr. Crow, the ASU Administration, ASU Athletic Department, and the Arizona Board of Regents for agreeing to provide us with this temporary arena solution for our team as we continue our efforts to secure a long-term home for the Coyotes in the Valley.”

The ASU arena will serve as the Coyotes home as team owner Alex Meruelo works to get a new arena built elsewhere in Tempe. The $1.7 billion arena proposal — which will require about $200 million in public funding — was unveiled in September.

The project needs approval from the Tempe City Council.

Under the deal, the Coyotes would play at ASU from 2022-25 seasons. There’s an option for the 2025-26 season.

Before last weekend’s NHL All-Star Game, Commissioner Gary Bettman was more than just open to the idea for the Coyotes to call a smaller arena home and it added it may not have a negative impact on team revenues.

“We’re not sure they’re going to be a material difference between their revenues at ASU than where they’re at a level at Glendale,” Bettman said. “In fact, under one projection we’ve done, we think they may do better.”

In a statement on Thursday, Bettman thanked ASU “for its support of the Coyotes during this transition period and for what will be just its latest major commitment to growing our game in the Valley.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Don’t Call It a Comeback, but Reds Have Returned to RSN

The regional sports network operator reaches another revised MLB club rights agreement.
exclusive

Clinton Yates Takes Over Mike Greenberg’s ESPN Radio Time Slot

Yates will take over Mike Greenberg’s 10 a.m to noon ET slot.

As Rams Play in Arizona, Lakers and Clippers Resume Games in L.A.

The two NBA teams in Los Angeles have lengthy homestands this month.

Featured Today

Race leader and eventual stage winner Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) in the final kilometer up the finish climb of stage 19 from Logroño to Alto De Moncalvillo (ESP/168km) of the 79th La Vuelta Ciclista a España 2024 on 6 September. // Kristof Ramon / Red Bull Content Pool // SI202409060905 // Usage for editorial use only //Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) congratulated by teammate Florian LIPOWITZ (DEU/RedBull - BORA - hansgrohe) after a very strong stage 13 from Lugo to Puerto De Ancares (ESP/171km) of the 79th La Vuelta Ciclista a España 2024 on 30 August

Red Bull Is on a Hot Streak in Sports. Can It Win..

The company is betting on a big future in cycling.
Ohio State Buckeyes defensive end Jack Sawyer (33) knocks the ball out of the hands of Texas Longhorns quarterback Quinn Ewers (3) and returns the fumble for a touchdown in the fourth quarter of the Cotton Bowl Classic during the College Football Playoff semifinal game at AT&T Stadium in Arlington, Texas on January, 10, 2025.
January 11, 2025

College Football Is Closer Than Ever to Perfecting the Championship Process

Despite valid criticisms, the first expanded Playoff is working.
Jan 2, 2025; New Orleans, LA, USA; Notre Dame Fighting Irish head coach Marcus Freeman (R) reacts on the sidelines in the final minute against the Georgia Bulldogs during the fourth quarter at Caesars Superdome.
January 9, 2025

Amid Realignment Mania, Notre Dame Stayed Independent. It Paid Off

How the CFP semifinal-bound Fighting Irish made their business model work.
Ohio State wide receiver Jeremiah Smith (4) celebrates a first-down catch against Oregon during the 2025 Rose Bowl in Pasadena, Calif.
January 3, 2025

The Biggest Changes to College Sports Are Coming in 2025

Sweeping developments could affect the college sports foundation this year.
Apr 7, 2022; Atlanta, Georgia, USA; A general view of fans outside of Truist Park before the game on Opening Day between the Atlanta Braves and Cincinnati Reds.

Philly Rips Page From Rival Playbook With Sports Complex Revamp

Philadelphia’s mayor frequently touts the influential Braves development.
Josh Harris
January 13, 2025

Commanders, Sixers Owner Josh Harris Had a Wild, Historic Sunday

The tri-city team owner crossed two big milestones Sunday.
January 13, 2025

76ers Choose to Stay in South Philly, Scarred by Protests and Opposition

The pact also includes Comcast acquiring a stake in the 76ers.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
January 12, 2025

Sixers Ditch Downtown Dreams, Partnering on South Philly Arena

The NBA team and Comcast Spectacor will develop a new South Philadelphia arena.
January 9, 2025

As Fires Devastate L.A. Area, NFL Moves Vikings-Rams Game

As of now, Monday’s wild-card game is still set for SoFi Stadium.
January 7, 2025

Rays Reverse Course on Tropicana Field Repairs, Aim for 2026 Return

After questioning the ballpark repairs, the MLB club now wants them done.
Biden, Josh Harris
January 6, 2025

Biden Signs RFK Stadium Bill Into Law

D.C. will take control of the potential stadium site within 180 days.