Washington, D.C. ? President Barack Obama’s nominee for commerce secretary will take a pay cut should he get the job. Gary Locke’s income topped $1 million over the past year, according to a financial report released Thursday.

The former Washington governor earned $533,000 in salary from the Seattle law firm Davis Wright Tremaine from January 2008 to the present and a state pension of about $121,000. He also received $101,000 in director’s fees from Seattle-based Safeco Insurance Co., $467,000 from deferred Safeco fees and a stock cashout, $15,000 in director’s fees from Key Technology Inc. in Walla Walla, Wash., and $19,250 from consulting work for Waggener Edstrom, a Bellevue, Wash., public relations firm.

Cabinet secretaries earn $196,700 a year. The Senate Commerce Committee on Thursday unanimously approved the nomination of Locke, Obama’s third choice for the post.