Sources: Gretzky to get Coyotes back pay
More than four years since leaving the Coyotes, Wayne Gretzky will be repaid money he was owed by former team owner Jerry Moyes, the NHL itself agreeing to cut a check to the Great One after reaching a tentative deal with the legend, according to sources.
More than four years since leaving the Phoenix Coyotes, Wayne Gretzky will be repaid money he was owed by former team owner Jerry Moyes, the NHL itself agreeing to cut a check to the Great One after reaching a tentative deal with the legend, sources tell ESPN.com.
Sources would not confirm the exact figure settled on but it's believed to be around $7 million 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.
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