04/15/2014 10:03 EDT | Updated 06/15/2014 05:59 EDT

Abbotsford Heat hockey team: are they moving?

The owners of the Abbotsford Heat hockey team are expected to address rumours the Calgary Flames farm team will moving to New York, after years of financial losses for the city.

Abbotsford Mayor Bruce Banman has scheduled a news conference for 10 a.m. PT with the CEO of the Calgary Flames Ken King, and the president of the Abbotsford Heat Ryan Walter.

In 2009 the city signed a10-year deal with the Heat to guarantee almost $6 million a year in revenue, but the Heat has a tough time filling the city-owned 7,000-seat Abbotsford Entertainment and Sports Centre.

With the team pulling in around 2,000 fewer fans per game than the minor hockey league average, taxpayers in Abbotsford have covered more than $5 million in losses in four years. The Heat's contract with the city lasts until 2019.

Last year the owners of the Vancouver Canucks failed to reach a deal with the city to move their farm team to centre, but speculation continues that a new deal to move their Unica Comets farm team from New York to Abbotsford could be in the works.