It was $325,000 Canadian.
He (Coffey) asked to be traded in September after Glen Sather, the Oilers' general manager, and Peter Pocklington, the team's owner, refused to renegotiate his contract, which has two years remaining at the Canadian money rate of $325,000 a year. The Penguins did not announce the contract terms with Coffey.
The Penguins were also interested in Andy Moog, who was also a hold out. According to then Penguins GM Eddie Johnston, Pittsburgh was to have the first shot at acquiring Moog.
At a news conference to introduce Coffey, General Manager Eddie Johnston said the Penguins will have first chance at acquiring Andy Moog, the goalie. Moog, as was Coffey, is in a contract dispute with the Oilers.
Moog is a free agent and would have to be signed by Edmonton and then traded to Pittsburgh. Moog joined the Canadian Olympic program after negotiations with the Oilers stalled. He is getting financial support from an Olympic sponsor.
Should a trade for Moog be made, the Penguins would have to provide further compensation. Johnston said Moog is not part of the Coffey trade. Moog would not be available until after the Olympics.
The Rangers, Flyers, Red Wings and Blues were the other teams reportedly in the running for Coffey. While not mentioned in the article, it was later revealed the Flyers offered a package that included Rick Tocchet, which Sather immediately rejected. The Rangers could have acquired Coffey had they been willing to surrender Tomas Sandstrom, but Phil Esposito refused.
The Philadelphia Flyers, the New York Rangers, the Detroit Red Wings and the St. Louis Blues had reportedly bid for Coffey. Too Expensive for Rangers
''They're getting Coffey but they're giving up Simpson, and that's giving up a lot, but they got a great player. I wanted him, but not for the price,'' said Phil Esposito, the Ranger general manager, who refused to trade Tomas Sandstrom, the Ranger player the Oilers were most interested in.''
Oilers Send Coffey to Penguins