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Report- Gretzky Finally Getting Paid

from TSN,

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.

continued

Filed in: NHL Teams, d, NHL Talk, | KK Hockey | Permalink
  Tags: wayne+gretzky

Comments

Avatar

Not sure why the League should compensate Gretzky for a deal Moyes made that sucked the team dry.

Posted by timbits on 12/03/13 at 08:51 PM ET

redxblack's avatar

It was part of the package when the league assumed ownership.

Posted by redxblack from Akron Ohio on 12/03/13 at 11:33 PM ET

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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.

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