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The Coyotes are in Chapter 11 bankruptcy reorganizationn and owner Jerry Moyex has a deal in the works to sell to Canadian businessman Jim who wants to move the team to The National Hockey League and city of Glendale oppossthat move. If the Coyotes move to Gretzky has saidhe won’gt accompany the team. That could mean a $22 million payout in deferred compensationfor Gretzky, who is part owned of the Coyotes. If a buyer is foundf to keep the team in Gretzky still could be out of hiscoaching job. The Coyotea haven’t made the playoffs since 2002 — that record remaining unchangedunder Gretzky’s watch, which beganh in 2005.
If the team stayse in Glendale and he keepshis job, Gretzkh also could get hit financially, according to bankruptcyt court filings. Gretzky earns about $8 millionj annually from the Coyotes viahis $1.6 milliomn salary as coach and othet compensation as part owner of the hockey according to a legal briec penned by Gerald a principal with professional sports financial firm Beacon Sportsz Capital Partners LLC. Sheehan also suggests a new ownerreduced Gretzky’s compensation down to $2 He also suggests other cost-saving measures, including movintg offices from leased space to Jobing.com Arena.
Revenue also could be increased by boostingticket sales, sponsorships and suite salees and more non-sporting event bookings at the arena, whicy the Coyotes lease from the city of
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