Report: Phoenix Coyotes Sold; Will Remain In Glendale, Arizona

According to a report from Phil Benson and Joe Pequeno, from local CBS affiliate KPHO in Phoenix, the NHL has reached a tentative agreement to sell the Phoenix Coyotes and keep them in Glendale, Ariz.

NHL commissioner Gary Bettman announced before tonight's Coyotes playoff game against the Nashville Predators that the team would be purchased by an ownership group led by Greg Jamison. Jamison is a former CEO of the San Jose Sharks and remains a minority owner; he also serves as president and CEO of Silicon Valley Sports and Entertainment.

The Coyotes have been run by the league office without an owner since 2009. There have been rumors that without a sale, the Coyotes were likely to be moved, possibly to Quebec City. According to reports now, however, four members of the Glendale City Council have agreed to the general framework of a deal with Jamison.