Sources: City of Glendale has paid NHL $25 million

Darren Dreger

5/3/2011 1:34:12 PM

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."