July 23 (The Sports Xchange) - Glendale city officials are
scheduled to meet Friday to vote on a possible settlement with
the Arizona Coyotes.
The Coyotes and the city said they have reached an agreement
on an amended lease for Gila River Arena that will keep the team
in Glendale for at least two more years.
According to the revised agreement, the city's arena
management fee to the team would drop from $15 million a year to
$6.5 million, and the team would keep all revenue from ticket
surcharges, parking and naming rights.
The city and team have been fighting over the 15-year, $225
million lease for Gila River Arena since June, when the City
Council voted to terminate the agreement. The Coyotes then
obtained a restraining order to keep the city from dissolving
the agreement.
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Lou Lamoriello resigned as president of the New Jersey
Devils and was introduced Thursday as general manager of the
Toronto Maple Leafs.
Lamoriello's resignation was announced in a press release
from the Devils at 10:12 a.m. ET, with the explanation that he
would pursue other opportunities after 28 years with the
franchise. One minute later, the Maple Leafs sent a release to
trumpet Lamoriello would be taking over as general manager.
His tenure with the Devils was the longest for any general
manager in NHL history.
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The Calgary Flames signed forward Lance Bouma to a
three-year contract worth a reported $6.6 million.
The financial terms of the deal were reported by CBC.
Bouma's salary will be a $2.2 million cap hit for the Flames
next season.
In 78 games for Calgary last season, the 25-year-old
established career highs with 19 goals and 18 assists and also
logged 54 penalty minutes.
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After making his Buffalo debut last season, forward Jerry
D'Amigo signed a one-year, two-way contract with the Sabres.
D'Amigo, acquired from the Columbus Blue Jackets in a
December deal for Luke Adam, played in nine NHL games last
season after he was recalled from Rochester in the American
Hockey League.
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The Arizona Coyotes have signed forward Michael Bunting to a
three-year, entry-level contract.
Bunting, 19, scored 37 goals and tallied 37 assists in 57
games with the Sault Ste. Marie Greyhounds of the Ontario Hockey
League last season.
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Center Michael Chaput signed a one-year, two-way contract
with the Columbus Blue Jackets.
Chaput, 23, played in 33 games for the Blue Jackets last
season and logged one goal and four assists along with 21
penalty minutes.
(Editing by Andrew Both)