Skip to main content

The Globe and Mail

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

Wayne Gretzky

Aaron Vincent Elkaim/THE CANADIAN PRESS

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.

Story continues below advertisement

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."

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles as we switch to a new provider. We are behind schedule, but we are still working hard to bring you a new commenting system as soon as possible. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.