Share “AP Source: Announcement expected on...”

AP Source: Announcement expected on Coyotes sale

Associated Press Modified: May 7, 2012 at 1:31 pm •  Published: May 7, 2012

PHOENIX (AP) — A person with knowledge of the situation says a tentative deal by the NHL to sell the Phoenix Coyotes to former San Jose Sharks CEO Greg Jamison is expected to be announced before Monday night's playoff game against the Nashville Predators.

The person spoke to The Associated Press on the condition of anonymity because there has been no official scheduling of such an announcement.

A second person with knowledge of the situation, who also asked not to be identified, confirmed that NHL Commissioner Gary Bettman would be in Glendale for a series of meetings Monday but said it was unclear if there would be a formal announcement.

Jamison still must complete negotiations on a lease with the city of Glendale, always the nagging issue in the league's attempts to sell the team, which the NHL purchased out of bankruptcy. The sale also would have to be approved by the league's board of governors.

The anticipated announcement of the tentative agreement first was reported by the Phoenix Business Journal.

Monday night would provide a dramatic backdrop to such an announcement, with a packed house on hand to watch the upstart Coyotes try to close out their Western Conference semifinal series with the Predators. Phoenix leads the series 3-1.

Behind general manager Don Maloney and coach Dave Tippett, the team has managed to make the playoffs each of the three seasons it has been owned by the NHL. But this season marked the first time the franchise advanced past the first round of the playoffs since 1987, nine years before it moved from Winnipeg to Arizona.

Continue reading this story on the...