• email
  • Bookmark and Share

Sources: Gretzky, NHL reach settlement on money owed from Coyotes situation

The NHL has reached a settlement with Wayne Gretzky to pay him money owed from his time with the Phoenix Coyotes, multiple sources with knowledge of the situation told The Canadian Press.

It was worth close to US$8 million, according to one source, who spoke on condition of anonymity.

Gretzky was owed money from former Coyotes owner Jerry Moyes. He filed for bankruptcy in 2009, leading to the NHL's ownership of the team until it was sold to a group led by Canadian businessmen this past summer.

Gretzky had served as coach and head of hockey operations before the Coyotes went bankrupt.

He made an appearance on the red carpet at last month's Hockey Hall of Fame induction ceremony at the insistence of Chris Chelios. Since then, he was seen at a Washington Capitals game sitting with owner Ted Leonsis.

But Gretzky hadn't been officially involved with the NHL since the Coyotes situation.

"I'm always close to the game," Gretzky said last month at the Hall of Fame. "The game's always been good to me. The National Hockey League commissioner's office, they have always treated me with a great deal of respect and always been good to me. I've chosen at this point in time to take a step back and be a fan like everyone else and watch."

More Stories

While Blackhawks aim to finish another foe, Wild prideful of success in hard situations

ST. PAUL, Minn. - Higher-seeded teams with the lead in a best-of-seven series over the history...

Wild focus on performance quality in elimination situation vs. Avalanche, not what ifs

ST. PAUL, Minn. - Twice in the first five games, the Minnesota Wild have been less than 75...

Maple Leafs' Ranger has sore neck, says he's OK after scary situation on hit

TORONTO - Paul Ranger felt the pain in his neck immediately. Down on the ice for several...

Not the same: As NHL concussion lawsuit goes to court, NFL settlement might not mean much

Three months after the NFL agreed on a $765 million settlement with thousands of ex-players for...
blog comments powered by Disqus

THN on Twitter

Who is more likely to get an NHL job again first?


Our Partners