Arizona State bails on proposed new arena deal, leaves Coyotes’ future in limbo

According to TSN, Arizona State University has backed out of a deal with the Arizona Coyotes to build a new arena in Tempe.

The school announced Friday it has no intention of proceeding with a development agreement, an option to lease or any other agreement with the NHL club.

The Coyotes announced in November plans to build a new arena with Arizona State near its campus.