The Phoenix Coyotes have been mired in a messy ownership situation for longer than they had expected. Most recently, the NHL was certainly hoping that Greg Jamison could change, if he could come up with enough money to purchase the team from the league.
The fans were hoping for the same, as it may have been their last chance to see Shane Doan continue his 16 year playing career in the desert.
Those dreams appear to be disappearing right in front of their very eyes.
The Coyotes will remain under the care and guidance of the league, as Jamison reportedly came up roughly $20 million short of being able to buy the team and assume ownership from the league. The city of Glendale did approve a vote ensuring the team will remain in their home for a bit longer, but by Jamison being unable to buy the team, one bad bit of information did come from that announcement.
Doan, who has played with the Coyotes since the start of 1995, will likely sign elsewhere.
As of now, the agreement to extend the league running the Coyotes is just for one month. That means anything could happen, even as it relates to Jamison. But the problem is that the Coyotes reportedly lose around $20 million even in a good season. So if he cannot even come up with enough to buy the team, how will he ever cover their expected losses?
And how would the team be able to afford to keep Doan?
Evidently, we should very well see that it will not even be an option. Doan is expected to sign with another team, and is hoping for a 4 year deal worth roughly $30 million. That will simply not happen in Phoenix.