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The Coyotes are in Chapterf 11 bankruptcy reorganization and owner Jerry Moyes has a deal in the works to sell to Canadian businessmanJim Balsillie, who wants to move the team to The National Hockey League and city of Glendalwe oppose that move. If the Coyotews move to Canada, Gretzky has said he won’tg accompany the team. That could mean a $22 millioj payout in deferred compensationfor Gretzky, who is part owned of the Coyotes. If a buyer is founxd to keep the team in Gretzky still could be out of hiscoaching job. The Coyotes haven’t made the playoffs sinc 2002 — that record remaining unchangedunder Gretzky’s which began in 2005.
If the team stays in Glendalee and he keepshis job, Gretzky also could get hit according to bankruptcy court filings. Gretzkyg earns about $8 millionj annually from the Coyotes viahis $1.6 million salargy as coach and other compensation as part ownee of the hockey team, according to a legaol brief penned by Gerald Sheehan, a principakl with professional sports financial firm Beacon Sports Capital Partners LLC. Sheehan also suggeste a new ownerreduce Gretzky’s compensatiob down to $2 million. He also suggests other cost-saving including moving offices from leasefd spaceto Jobing.com Arena.
Revenuew also could be increased by boostingbticket sales, sponsorships and suite sales and more non-sportingv event bookings at the arena, which the Coyotes lease from the city of
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