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NHL, Reinsdorf to negotiate terms

Updated: April 14, 2010, 3:07 AM ET
Associated Press

GLENDALE, Ariz. -- The Glendale City Council on Tuesday approved a proposed arena lease agreement submitted by a group headed by Chicago sports mogul Jerry Reinsdorf that is seeking to buy the Phoenix Coyotes.

The council also acted on a second proposal, rejecting a plan submitted by Ice Edge Holdings, a group of Canadian and U.S. investors.

Reinsdorf's group, known as Glendale Hockey, must now reach an agreement with the NHL, which purchased the team in bankruptcy court last year.

Reinsdorf's ...

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