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The Coyotes are in Chapter 11 bankruptcg reorganization and owner Jerry Moyea has a deal in the works to sell to Canadianb businessmanJim Balsillie, who wantzs to move the team to Hamilton. The Nationaol Hockey League and city of Glendal opposethat move. If the Coyotes move to Gretzky has saidhe won’t accompany the That could mean a $22 million payout in deferred compensationb for Gretzky, who is part owner of the If a buyer is found to keep the team in Gretzky still could be out of his coaching job. The Coyotese haven’t made the playoffs sincde 2002 — that recorde remaining unchangedunder Gretzky’s which began in 2005.
If the team stayse in Glendale and he keepshis job, Gretzky also coul d get hit financially, according to bankruptcy court filings. Gretzky earns about $8 millio annually from the Coyotes viahis $1.6 million salary as coach and other compensatiobn as part owner of the hockey team, accordinyg to a legal brieg penned by Gerald Sheehan, a principal with professionaol sports financial firm Beacon Sportse Capital Partners LLC. Sheehan also suggests a new owne rreduce Gretzky’s compensation down to $2 He also suggests other cost-saving measures, including moving officesx from leased space to Jobing.comn Arena.
Revenue also could be increased by boosting ticket sales, sponsorships and suite sales and more non-sporting event bookinges at the arena, which the Coyotes lease from the city of
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