Well, as hockey fans know by now, the team is safely ensconsed in that hockey hotbed known as Phoenix, Arizona. And everything is going swimmingly in the desert, right? Somehow, I don't think this was supposed to be part of Gary Bettman's plan ...
Here's the smoking gun. The ESPN article states that the Coyotes have lost $60 million in the past two seasons, and will lose another $30 million this season. Asking for an advance on its television money isn't new, and it doesn't really matter (the club's just asking for its money early) except for two things. Other clubs have a line of credit to draw on whhen cash flow becomes irregular, and what an NHL team makes from it's television contract isn't that much. So if the Coyotes are asking for that money, it must mean that their line of credit is already maxed out, and they're really, really desparate for cash.
Now, would the Winnipeg Jets have lost as much money over the years if they played in Winnipeg instead of Phoenix? And if people thought that hockey in the desert made economic sense, and hockey in a hockey market didn't make sense, what are those people thinking today?