NHL buys Coyotes from Jerry Moyes

Phoenix Coyotes owner Jerry Moyes has agreed to sell the bankrupt franchise to the NHL.

The agreement, which still must be approved by Judge Redfield T. Baum, was announced in U.S. Bankruptcy Court on Monday after lawyers met for more than an hour during a recess in a status hearing on the case.

Former coach Wayne Gretzky, who has a US$22.5-million claim in the case, has not agreed to the deal.

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