The city of Glendale and the NHL have come to an agreement to keep the Coyotes in Phoenix for at least the 2010-11 season.

Glendale has agreed to cover all losses up to $25 million if the NHL still owns the team, but the league is looking for local ownership. This is great news for Phoenix fans and bad news for the fine folks in Winnipeg.
http://tsn.ca/nhl/story/?id=322287

That sucks, guess their playoff run made em stay.