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Utah Hockey Club closing in on massive 30-year arena deal


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Tom Banks
July 4, 2024  (8:14)
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Ryan Smith, owner of the NHL's Utah Hockey Club.
Photo credit: Sportico

The Utah Hockey Club are the newest franchise in the NHL, and although they're yet to play a game, they're about to sign a deal that will lock them in for 30 years.

After a long time coming, the Utah Hockey Club are just months away from their first game in the league, and as expected, there's about to be a big deal on the way for the organization. According to a report, Owner Ryan Smith is set to sign a 30-year commitment for the Utah Jazz of the NBA and the Utah HC that will keep them in Salt Lake City for three decades, getting a massive $900 million to renovate the Delta Center in the process.
"Jazz and Utah Hockey Club owner Ryan Smith is close to finalizing a deal with Salt Lake City that would see the teams be required to play all of their home games in the Delta Center «for the next 30 years or face significant penalties," according to a front-page piece by Gehrke & Miller of the SALT LAKE TRIBUNE. In exchange for $900M in public financing to "renovate the arena and develop a three-block sports and entertainment district,"" Sports Business Journal said.

The deal would be an incredible move for the city, and as a part of the reported deal, the organization would renovate the area surrounding the Delta Center, turning the three-block radius into a sports and entertainment district. We've seen moves like these revitalize areas of cities in North America, and given the growth of Salt Lake City, it would be a huge boost.
On top of that, the deal would come with a clause that if Utah HC play a home game outside of Salt Lake City, whether it be with the Stadium Series or a game in Europe, they would face major fines, just like the New York Knicks and Rangers deal with Madison Square Garden. That can be worked around be simply being the 'away' team in those potential games, but with the excitement surrounding the team already, this deal would help push fans towards the Utah HC and Salt Lake City.
Source: Blade of Steel
SEG close to $900 million deal to keep Utah HC in Salt Lake City for 30 years
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Utah Hockey Club closing in on massive 30-year arena deal

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