BY: MIke Sunnucks

An ownership group headed by Chicago White Sox and Chicago Bulls owner Jerry Reinsdorf has submitted a $148 million bid to buy the financially strapped Phoenix Coyotes and keep the team in Arizona.

The National Hockey League and its Web site ( confirmed the Reinsdorf bid.

"We're aware the offer has been made," NHL Deputy Commissioner Bill Daly told Friday. "We're pleased there's an offer to own and operate the Coyotes in Phoenix."