Reinsdorf plans offer to keep Coyotes in AZ

PHOENIX: Jerry Reinsdorf, owner of NBA's Chicago Bulls and Major League Baseball team the White Sox, has promised to make an offer by Friday to buy the bankrupt Phoenix Coyotes and keep the team in Arizona.

Reinsdorf's attorney Alan Klein said his client is in the midst of conversations with the city of Glendale on a new lease agreement that would be part of the proposal.

Klein made the comment from Chicago via conference call on Monday in US Bankruptcy Court in Phoenix, where Judge Redfield T. Baum adopted a sale schedule that gives the NHL the first shot at finding a buyer who will keep the team in Arizona.