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Sources: Coyotes lose revenue sharing

Updated: January 12, 2009, 1:34 PM ET
By Scott Burnside | ESPN.com

The Phoenix Coyotes were penalized 25 percent of their revenue-sharing money last season, multiple sources told ESPN.com.

That money, due to be $15 million but now less than that, is part of the NHL's revenue-sharing formula, where big-market clubs share resources with the smaller-market teams.

The formula, however, includes triggers that these clubs must hit in order to show improvement in a number of areas; since the Coyotes failed to hit revenue and attendance standards last season, ...

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