Kukla's Korner Hockey
by Paul on 12/03/13 at 08:05 PM ET
Wayne Gretzky will be repaid money he was owed by former Phoenix Coyotes owner Jerry Moyes, the NHL agreeing to cut a check to the Great One after reaching a tentative deal with the legend, sources tell TSN Hockey Insider Pierre LeBrun of ESPN.com.
Sources would not confirm the exact figure, but it's believed to be around $7 to $8 million.
The NHL for the past few years had sought to get the money owed to Gretzky from Moyes via a lawsuit but a judge threw out most of the league's claims from the suit against Moyes in early October.
In light of the delays associated with the Moyes litigation, the Audit/Finance Committee from the NHL's Board of Governors approved a plan to make Gretzky whole for deferred compensation owed to him by Moyes, and which was never paid as a result of the Coyotes bankruptcy back in September 2009, source have told ESPN.com.
According to TSN Hockey Insider Darren Dreger, the deal is worth between $7 and $8 million.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at email@example.com