The Arizona Coyotes recently played their final game at Mullett Arena in Tempe, Arizona, marking a significant moment for the team. However, this may not be a permanent farewell, as there are plans for a potential return in the future.
The NHL's board of governors has approved the transfer of the Coyotes' hockey assets to the Smith Entertainment Group, led by Ryan and Ashley Smith based in Salt Lake City. While this move does not constitute a relocation, the franchise is now considered 'inactive,' with the opportunity for reactivation if a new state-of-the-art facility is constructed within five years.
For the upcoming season, the team will be relocating to the Delta Center in Salt Lake City, home of the Utah Jazz and owned by Smith Entertainment Group. Renovations are planned to optimize the arena for hockey, aiming to create a top-tier dual-sport venue.
Ryan Smith, known for his involvement in Qualtrics and ownership of the Utah Jazz, expressed enthusiasm for the new venture. The decision to acquire the Coyotes' assets was influenced by the team's failed arena referendum in 2023, prompting a different approach to bringing Smith into the NHL fold.
With a focus on developing a new team identity, the Utah franchise will have a solid foundation of talent to build upon, including a deep pool of prospects and draft picks acquired from the Coyotes. The team's significant cap space and draft assets position them well for future growth and potential roster enhancements.
Following the emotional final game at Mullett Arena, Smith plans to engage with players and staff to ensure a smooth transition to the new ownership. The sale of the franchise and hockey assets was valued at $1.2 billion, with the previous owner set to receive a substantial return on the initial investment.
