The National Hockey League will retain control of the Phoenix Coyotes through the month of August as they extend their agreement with the City of Glendale, Ariz., and continue to work toward a sale with prospective owner Greg Jamison.
The agreement originally expired July 1, 2012, and has been extended for 31 days once already, according to Sportsnet, and will be extended again through Aug. 31. Reports earlier in the week indicated that Jamison was $20 million short of the NHL's $170 million asking price for the Coyotes. Glendale has already agreed to a lease agreement with Jamison on the city-owned arena in which the team plays its home games, but that agreement cannot go into effect until Jamison finalizes his purchase of the club.
This all takes place against the back drop of the Shane Doan free agency situation. The veteran winger wishes to remain in Phoenix, but his agent has noted repeatedly that his patience is running thin with the Coyotes' sale saga. Doan could choose to go elsewhere if this isn't sorted out sooner than later.