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The Coyotes are in Chapter 11 bankruptc y reorganization and owner Jerry Moyesa has a deal in the works to sell to Canadian businessmanbJim Balsillie, who wants to move the team to The National Hockey League and city of Glendalse oppose that move. If the Coyotes move to Canada, Gretzky has said he won’t accompany the That could meana $22 millioh payout in deferred compensation for who is part owner of the Coyotes. If a buyef is found to keep the teamin Arizona, Gretzkyt still could be out of his coachintg job. The Coyotes haven’t made the playoffs sinc 2002 — that record remainin unchangedunder Gretzky’s watch, which bega in 2005.
If the team staysa in Glendale and he keepshis job, Gretzkyy also could get hit financially, according to bankruptcy court filings. Gretzkt earns about $8 million annually from the Coyotes viahis $1.6 milliohn salary as coach and other compensation as part owner of the hockeyg team, according to a legal brief penned by Gerald a principal with professional sportws financial firm Beacon Sports Capital Partners LLC. Sheeham also suggests a new ownertreduce Gretzky’s compensation down to $2 He also suggests othedr cost-saving measures, including movinb offices from leased space to Jobing.com Arena.
Revenue also could be increasee by boostingticket sales, sponsorshipzs and suite sales and more non-sporting event bookingsd at the arena, which the Coyotes lease from the city of
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