Arizona Coyotes Sale to Utah Jazz Owner Imminent, Expansion Team Promised for Phoenix

The $1 billion sale of the Coyotes is expected to close between the season's end and the start of the NHL playoffs, with plans for a new arena in Phoenix to secure an expansion team.

• The Arizona Coyotes are set to be sold to Utah Jazz owner Ryan Smith, with the sale likely to finalize shortly after the team's last game this season.
• Current owner Alex Meruelo will receive rights to an NHL expansion team, contingent on the construction of a new arena in Phoenix within five years.
• The Coyotes will relocate to Salt Lake City, while Meruelo focuses on developing a $3 billion entertainment district in Phoenix.
• Negotiations for state land in northeast Phoenix are ongoing, with potential for the new arena to boost local sports and entertainment.
• NHL and Coyotes management have been in discussions about the team's future, amid concerns over the current arena's standards.

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