Fifteen million dollars a year can buy you a lot of things: one Circle K fountain drink for every Dutch citizen, for one, or half a season of Dwight Howard.
When Glendale agreed to give the Coyotes’ new owners $15 million a year to manage Jobing.com Arena, which the city owns, it was enough to keep the NHL team there for at least another five years. (The club, which has an out clause, promised to reimburse the city millions from new revenue).
The steep price tag wasn’t enough to re-christen the team the Glendale Coyotes, but it got halfway there.
Read more in Monday's Arizona Daily Star