Coyotes on solid ground after vote

Updated: July 3, 2013, 7:56 PM ET
Associated Press

GLENDALE, Ariz. -- The Phoenix Coyotes have spent the past four years living with the financial restraints of being run by the NHL, making the best of the limited resources before them.

After Tuesday night's Glendale City Council vote in favor of an arena lease agreement with a prospective team owner, the Coyotes will finally be on even financial footing with the rest of the league.

"The only way you can win long-term is to have a strong ownership," Coyotes general manager Don Maloney ...

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