Glendale spokeswoman Julie Frisoni confirmed Friday that Jamison was one of the bidders and that no bonds would be sold as part of any proposed deals. She would not elaborate on the negotiations or who the other bidder was.
No formal offer has been made to buy the team, sources told ESPN.com's Scott Burnside.
The Coyotes have been owned by the NHL since the team filed for bankruptcy in fall 2009. The city of Glendale paid $25 million for the second straight year so the team could continue playing at Jobing.com Arena for the 2011-12 season.
Anthony LeBlanc, the head of Ice Edge Holdings, believes Jamison's interest is good news for the team. Ice Edge Holdings was involved in negotiations to buy the Coyotes for the better part of two years.
"What I'm hearing through reliable sources is that he's the real deal," LeBlanc told ESPN.com.
Jamison stepped away from his role as president and CEO of the Sharks almost a year ago, but he is still listed on the team's website as part of the ownership group. He would have to sever ties with the Sharks if he were to become owner of the Coyotes.
In June, Chicago businessman Michael Hulsizer withdrew from talks to buy the team.
Scott Burnside is an NHL writer for ESPN.com. The Associated Press contributed to this report.