Gretzky out as coach in Phoenix....maybe
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09-21-2009, 01:49 PM
Business of Hockey
Join Date: Jul 2006
Location: South Mountain
Originally Posted by
Really? I am sooooo confused. His $ 1.6 M / yr coaching contract is with the team, right?
From the court proceeding it appears that TGO's employment contract is a personal services contract directly with Moyes the individual, not with the Phoenix Coyotes or with Moyes acting in his role as owner/president of the Coyotes.
The NHL, City of Glendale, and notably the Unsecured Creditors Committee (who represent all the unsecured parties owed money) have all taken the position that TGO is not a creditor in this case and is not owed $ by the bankrupt estate. He is owed by Moyes the individual--who has not declared personal bankruptcy.
If that position is upheld in court, then Moyes is personally responsible for the $ owed to TGO under his contract.
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