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Sources: Coyotes would stay in Phoenix

Updated: May 8, 2010, 8:33 PM ET
By Scott Burnside | ESPN.com

The City of Glendale and the Ice Edge Holdings group have agreed on all points on a new lease agreement that would keep the Phoenix Coyotes in Arizona, sources told ESPN.com Friday evening.

The two sides are expected to sign a letter of exclusivity by early Monday morning, which will formally end the bid of Chicago sports tycoon Jerry Reinsdorf, although sources told ESPN.com that the city has not considered the Reinsdorf bid viable for some time now.

Ice Edge will not, ...

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