BREAKING NEWS: Youngstown Phantoms staying another year at Covelli Centre
YOUNGSTOWN — The same day JAC Management Group received a five-year contract extension to run the city-owned Covelli Centre, the company agreed to have the Youngstown Phantoms junior hockey team play its home games at the facility for another year.
The agreement came late today in a meeting with Eric Ryan, the head of JAC and the center’s executive director, and Bruce Zoldan, owner of the hockey team. Earlier today, the city’s board of control approved a five-year extension, beginning Jan. 1, 2014, with JAC to continue managing the facility.
The Phantoms have played home games at the center for the past four seasons with the team finishing among the bottom three teams each year among those in the United States Hockey League.
Because of that poor attendance, the center could have sought a $75,000 fee from the Phantoms to play this upcoming season, that starts in October, as part of a five-year contract signed in 2009.
As part of its contract, the Phantoms must pay a $750 penalty for every game with attendance below 1,500. The Phantoms paid $18,000 this past season to the center in penalties. With the penalty, the center made $10,878.09 last season, or $339.94 a game.
As for a new contract, Ryan said he will evaluate how the fifth season progresses in terms of ticket sales and other financial issues before making a decision.
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