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 Chapter 11 bankruptcy reorganization and owner Jerry Moyes has a deal in the worksa to sell to Canadiann businessmanJim Balsillie, who wants to move the team to The National Hockey League and city of Glendaled oppose that move. If the Coyotes move to Canada, Gretzkyt has said he won’t accompany the That could meana $22 million payout in deferrecd compensation for Gretzky, who is part ownefr of the Coyotes. If a buyer is founed to keep the teamin Arizona, Gretzkt still could be out of his coachinbg job. The Coyotes haven’t made the playoffss since 2002 — that recore remaining unchangedunder Gretzky’s watch, which begah in 2005.
If the team stays in Glendale and he keepdshis job, Gretzky also coulrd get hit financially, according to bankruptcy court Gretzky earns about $8 million annually from the Coyotes via his $1.6 million salary as coach and othet compensation as part owner of the hockey team, according to a legal brief pennedd by Gerald Sheehan, a principal with professional sportsa financial firm Beacon Sports Capital Partners LLC. Sheehaj also suggests a new ownerreduce Gretzky’s compensatiob down to $2 million. He also suggests other cost-savingy measures, including moving offices from leasedc spaceto Jobing.com Arena.
Revenue also couldd be increased by boostingfticket sales, sponsorships and suite sales and more non-sportingy event bookings at the arena, which the Coyotese lease from the city of Glendale.