NHL's new bid pays Moyes, Gretzky

Updated: September 11, 2009, 9:56 PM ET
Associated Press

PHOENIX -- The fate of the floundering Phoenix Coyotes finally is in the hands of a U.S. bankruptcy judge after Canadian billionaire Jim Balsillie and the NHL sweetened their offers to buy the team at the last minute.

Four months of often-bitter, complex courtroom wrangling came to an end on Friday with the auction. Judge Redfield T. Baum is expected to rule in the next week or two.

Even though the largest secured creditor and the creditors committee both endorsed the league offer, ...

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