August 9, 1988 is considered by many Canadians to be the lowest day in the country's history. On that date, the Oilers traded Wayne Gretzky, along with Mike Krushelnyski and Marty McSorley to the Los Angeles Kings for Jimmy Carson, Martin Gelinas, three first round picks and cash.
The major reason for the trade was the cash. Struggling financially, Oilers' owner Peter Pocklington jumped at the $15 million that Kings owner Bruce McNall showed him.
As Canada mourned, Los Angeles partied. Gretzky - and Hockey -had gone Hollywood. By the end of Gretzky's 7 1/2 season tenure with the Kings, the Great One had brought enough popularity to hockey in Southern California to blaze the trail for two more teams, the San Jose Sharks and the Anaheim Mighty Ducks. In reality Gretzky brought the game to such a high level in the American sunbelt that the NHL also saw teams in Dallas, Miami, Tampa Bay and countless minor league teams throughout the USA.
Gretzky's greatest moment as a King came in 1993 when he carried the Kings to the 1993 Finals. That playoffs also saw Gretzky play what he called his greatest game in NHL competition. In Game 7 of the conference finals, Gretzky scored a hat trick, including the game winner, in a 5-4 victory over the heavily favored Toronto Maple Leafs. However, the Kings couldn't continue their magic in the Finals, falling to the Montreal Canadiens.