NHL

Sources: City of Glendale has paid NHL $25 million

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Darren Dreger
5/3/2011 1:34:12 PM
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Sources tell TSN that the city of Glendale has paid the National Hockey League the $25 million that was due Tuesday.

The league delivered the bill to Glendale, mere days after the Phoenix Coyotes were eliminated from the playoffs.
 
The $25 million is the amount Glendale committed to paying to cover a portion of the teams losses while the city and league pursued a new owner. 

Taxpayer watchdog Goldwater Institute released a response to the idea of the city paying $25 million to the NHL.
 
"The deal has lots of moving and interconnected parts, so it makes sense for us to address all of the issues when a deal is finalized."

Gary Bettman in Phoenix (Photo: The Canadian Press)

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(Photo: The Canadian Press)
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