The Arizona Coyotes are officially relocating to Salt Lake City. Arizona will get an expansion team if a new arena is built within the next five years.
The Arizona Coyotes are officially headed to Salt Lake City. The NHL Board of Governors voted unanimously Thursday to approve a $1.2 billion sale from Alex Meruelo to Utah Jazz owners Ryan and Ashley Smith, clearing the way for the franchise's move to Utah next season. The deal includes a provision for Arizona to get an expansion team if a new arena is built within the next five years. The deal will be facilitated through the NHL, with $200 million going to league owners as a relocation fee.
Meruelo had been adamant about not wanting to sell the team despite receiving numerous offers since buying the team in 2019. When an auction for the land in north Phoenix got pushed back to June, the Coyotes had no guarantee a deal for a new arena would go through. With the NHL and players' association hesitant for the Coyotes to play at 5,000-seat Mullett Arena for a third season, Meruelo opted to sell the team, his focus shifting to the new arena and expansion team.
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