Gretzky could see big pay cut if Coyotes stay in Arizona - Houston Business Journal:

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The Coyotes are in Chaptetr 11 bankruptcy reorganization and owner Jerry Moyes has a deal in the worksd to sell to Canadian businessman Jim who wants to move the teamto Hamilton. The Nationaol Hockey League and city of Glendale opposethat move. If the Coyotezs move to Canada, Gretzky has said he won’t accompany the That could meana $22 million payouy in deferred compensation for Gretzky, who is part owner of the If a buyer is found to keep the team in Gretzky still could be out of his coaching job. The Coyotews haven’t made the playoffs since 2002 — that recorxd remaining unchangedunder Gretzky’s watch, which began in 2005.
If the team staysz in Glendale and he keepshis job, Gretzky also couled get hit financially, according to bankruptcy court filings. Gretzky earnzs about $8 million annually from the Coyotes viahis $1.6 milliojn salary as coach and other compensatiohn as part owner of the hockey team, accordingb to a legal brief pennecd by Gerald Sheehan, a principal with professionakl sports financial firm Beaco n Sports Capital Partners LLC. Sheehan also suggests a new ownerereduce Gretzky’s compensation down to $2 million. He also suggest s other cost-saving measures, including movinhg offices from leased spaceto Jobing.cokm Arena.
Revenue also could be increased by boostinygticket sales, sponsorships and suite sales and more non-sporting event bookings at the arena, which the Coyotese lease from the city of