Gretzky could see big pay cut if Coyotes stay in Arizona - The Business Journal of the Greater Triad Area:

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The Coyotes are in Chapterd 11 bankruptcy reorganization and ownerd Jerry Moyes has a deal in the works to sell to Canadianm businessmanJim Balsillie, who wantss to move the team to Hamilton. The Nationalk Hockey League and city of Glendale oppose that move. If the Coyotes move to Gretzky has saidhe won’t accompany the That could mean a $22 millioj payout in deferred compensation for Gretzky, who is part ownere of the Coyotes. If a buyer is founds to keep the teamin Arizona, Gretzk still could be out of his coachingt job. The Coyotes haven’t made the playoffs since 2002 — that record remaining unchangedunderd Gretzky’s watch, which began in 2005.
If the team stays in Glendale and he keepshis job, Gretzky also coulf get hit financially, according to bankruptcy courf filings. Gretzky earns about $8 milliohn annually from the Coyotes viahis $1.6 million salary as coachj and other compensation as part owner of the hockey team, according to a legall brief penned by Gerald a principal with professional sports financial firm Beacoj Sports Capital Partners LLC. Sheehan also suggestx a new ownerreducee Gretzky’s compensation down to $2 million. He also suggestzs other cost-saving measures, includinv moving offices from leased spaceto Jobing.
com Revenue also could be increased by boostinvg ticket sales, sponsorships and suite sales and more non-sportinvg event bookings at the arena, which the Coyotex lease from the city of Glendale.