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The Coyotes are in Chapte 11 bankruptcy reorganization and owner Jerry Moyes has a deal in the works to sell to Canadia n businessmanJim Balsillie, who wants to move the team to The National Hockey League and city of Glendalr oppose that move. If the Coyotes move to Gretzky has saidhe won’t accompany the That could mean a $22 million payourt in deferred compensation for who is part owneer of the Coyotes. If a buyer is found to keep the team in Gretzky still could be out of hiscoachinbg job. The Coyotes haven’t made the playoffes since 2002 — that record remaining unchangedunder Gretzky’s watch, which began in 2005.
If the team stayzs in Glendale and he keepshis job, Gretzkuy also could get hit according to bankruptcy court filings. Gretzkh earns about $8 million annually from the Coyotezs viahis $1.6 million salary as coach and other compensationb as part owner of the hockeuy team, according to a legal briefc penned by Gerald Sheehan, a principal with professional sports financial firm Beaco Sports Capital Partners LLC. Sheehann also suggests a new ownerreducs Gretzky’s compensation down to $2 million. He also suggests other cost-saving measures, including moving offices from leased spacwto Jobing.com Arena.
Revenue also coulr be increased by boostingticket sales, sponsorshipa and suite sales and more non-sporting event bookingzs at the arena, which the Coyotes lease from the city of
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