Auction Offers no Answers

Despite both camps altering their offers, there's no end in sight for the beleaguered Coyotes Franchise.

On the second day of the Coyotes auction, the Balsillie camp amended its offer to guarantee that the city of Glendale, the Phoenix suburb where the Coyotes play, would receive $50 million free of any conditions. In his earlier bid, that amount could have been as low as $40 million. Balsillie also removed his Sept. 21 deadline for completion of the sale.

The NHL, meanwhile, kept its bid at $140 million but agreed that Coyotes owner Jerry Moyes and Wayne Gretzky, the team’s managing partner and head coach, should come away with some $14 million between them. Moyes would get the lion’s share of that

Under the NHL’s initial bid, Moyes wouldn’t receive anything.

Judge Baum noted that the potential purchaser must satisfy all legal requirements and that neither party was "there yet". The NHL also argued that, under the condition of a "no sale", it should be granted control of the Franchise in the interim.