Coyotes Seeking New Arena Naming-Rights Deal, With Jobing.com Looking To Get Out
Coyotes Owner IceArizona is "talking to sponsors and other businesses about a new naming rights deal for Jobing.com Arena," according to Mike Sunnucks of the PHOENIX BUSINESS JOURNAL. Jobing.com in '06 acquired the naming rights for $30M over 10 years, but there are "some indications" the new Coyotes owners "could work out a deal with Jobing.com to end the arrangement early if a more lucrative arrangement comes along." The team's lease approved by the Glendale City Council this summer "gives the city a share of new naming rights revenue" (BIZJOURNALS.com, 11/11). In last week's SPORTSBUSINESS JOURNAL, Terry Lefton cited sources as saying that Jobing.com is "looking to get out" of its naming-rights deal, and that Front Row Marketing is "assisting" the Coyotes with the naming-rights sale. The Coyotes are "hoping for a 10-year deal," but the "real question is how much money there is in the Phoenix market" (SPORTSBUSINESS JOURNAL, 11/4 issue).
NEW TV DEAL: The Coyotes and FS Arizona yesterday announced a new long-term local TV rights agreement. FS Arizona and FS Arizona Plus will televise 70 Coyotes regular-season Coyotes games this season (Coyotes). In Arizona, Zach Buchanan cites a source as saying that the agreement "is for 12 years" (ARIZONA REPUBLIC, 11/12).