Prospective owner and former Sharks CEO Greg Jamison will pay the city of Glendale $324 million as part of the reworked 20-year arena management deal the City Council approved last week. The rechristened Arizona Coyotes are the result of a clause in the contract demanding the name change “as soon as commercially feasible.”
(ii) The Team Owner shall use commercially reasonable efforts to have the name of the Team changed to the “Arizona Coyotes” as soon as is commercially feasible.
Thankfully, the deal will also spell the end for the worst-named arena in professional sports, Jobing.com Arena. Sale of naming rights will remain at the city of Glendale’s discretion, and “Glendale, Arizona” must be included in the new name; for example, _____ Arena at Glendale Arizona.