It appears that there are bids for the Phoenix Coyotes… official, submitted bids.

Last night, Chicago sports owner Jerry Reinsdorf officially submitted his $148 million bid for the struggling franchise. That one was expected… the wild card in the mix is a “conditional” bid from a group called “Ice Edge Holdings” led by Daryl Jones. This group offered $150 million for the team. Interesting factoid… a member of this group is a former executive at Research in Motion.

All this with the Canadian media coming up with a story that the Coyotes lost over $67 million last season. Hmmm… I wonder where that information came from? Is there a Vulture circling over the Globe and Mail building?

$67 million in losses last season… interesting how that come out now when all that has been previously published has been a $20 million figure. That $67 million number does not seem to make sense, especially given the circumstance that it just comes to light now?

The Coyotes had a payroll outlay (not cap hit) of $38 million last season (www.nhlscap.com) ... According to the story in the Globe and Mail, the team is reporting hockey revenue totaled at $58 million. OK… that’s $20 million left in revenue from hockey… Is the story that current Coyotes owner Jerry Moyes signed a deal (or deals) that requires over $87 million in annual interest payments and other costs?

That’s astoundingly bad business if that is indeed the case. No wonder he's trying to make it all go away... but why should the good folks of Arizona pay for his mistake with the loss of their hockey team?

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Jeremy Gover has a very nice posting at www.section303.com making an argument for signing Alex Tanguay.

If you haven’t checked out the new Section 303 site… you should… really good stuff.

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Congratulations to former Pred Jed Ortmeyer on his wedding yesterday… Steve Sullivan kept Pred Nation updated with his Twitter.

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You are invited to follow me on Twitter. Search for PredPAPaul… Not only will I be updating when I get news or updates… I’ll also be updating during Pred home games in season with information and explanations from the PA box.

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HockeyBuzz Radio is on hiatus until late September… Keep checking in at www.hockeybuzzradio.com for the latest on the upcoming season and regular columns from hockey writer Mark McGee.

Early bird advertising deals will be available soon... if you and your business are interested in any taking advantage of some of the prime sponsorships... contact me - [email protected] and I'll get you a proposal.

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