It's the day we've all been expecting reports are swirling that Arizona Coyotes owner Alex Meruelo is on the hunt for potential buyers for the team. After spending several years calling a college arena home, it seems like a change in ownership might be on the horizon.
Now, that price tag should make you skeptical because it's way above the franchise's actual value. Still, it's lucrative, especially if you consider relocating the team due to the fact, that you'd have to cough up a relocation fee to the NHL on top of that.
However, for the hockey community and the NHL's salary cap, this could be a blessing in disguise. Shedding a financial burden like the Coyotes could mean a revenue boost for the league. Well see what transpires.
