Predators Deal Done?

The Hockey News is reporting that the deal between the new ownership group and the city is a done deal, just waiting for sign-offs from all the councils and authorities needed.

Why am i not jumping for joy?
While the new agreement supposedly says the Preds will get the funds from the city, and upgrades to the arena that they wanted, they only have to stay in town for the next three years. They do have to stay for the next three years, no matter what, but after that, not even attendance can keep them in town.

Right now this sounds like a horrible deal. As optimistic as i am, i think the Predators are at best still 5-8 years away from real profitability. Which means in 3 years the new owners can just up and run, and nothing can stop them...if this report is correct. This is a very short, very spotty article that i don't completely trust. So we'll see...

UPDATE: The Tennessean is reporting that the Mayor's office has denied any deal as being "done" - they are still working. Hopefully that's a good thing.