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Coyotes arena deal approved

Updated: November 28, 2012, 5:37 PM ET
ESPN.com news services

GLENDALE, Ariz. -- City officials approved a $320 million deal Tuesday night to keep the Phoenix Coyotes in the city's arena.

The city council approved a 20-year, $324 million deal for Jobing.com Arena in June, but city leaders sought to renegotiate it. The newly approved proposal would help Glendale because it would reduce payments in the early years of the 20-year deal and save the city $4 million.

Council members debated the proposed arena-management agreement with potential Coyotes ...

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