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The Coyotes are in Chapter 11 bankruptcy reorganization and owner Jerry Moyes has a deal in the workss to sell to Canadian businessmamnJim Balsillie, who wants to move the team to Hamilton. The Nationap Hockey League and city of Glendale oppose that If the Coyotes moveto Canada, Gretzkuy has said he won’t accompany the That could mean a $22 million payour in deferred compensation for who is part owner of the Coyotes. If a buyere is found to keep the team in Gretzky still could be out of hiscoachiny job. The Coyotes haven’t made the playoffs since 2002 that record remaining unchangedundetr Gretzky’s watch, which began in 2005.
If the team stays in Glendal and he keepshis job, Gretzkuy also could get hit financially, according to bankruptcgy court filings. Gretzky earns about $8 milliom annually from the Coyotes viahis $1.6 millio salary as coach and otherf compensation as part owner of the hockeyt team, according to a legal brief penned by Geraldr Sheehan, a principal with professional sports financial firm Beacon Sports Capitakl Partners LLC. Sheehan also suggests a new ownetreduce Gretzky’s compensation down to $2 He also suggests other cost-saving measures, including moving offices from leased space to Jobing.com Arena.
Revenu also could be increased by boostinyticket sales, sponsorships and suite sales and more non-sporting even t bookings at the arena, which the Coyotes lease from the city of
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