https://footballscoop.com/news/iowa-state-to-cut-coaches-pay-due-to-coronavirus-budget-crunch/
In the first of what will likely be many of these announcements, Iowa State AD Jamie Pollard announced Wednesday that Cyclones coaches will endure pay cuts as the athletics department tightens its belt due to the coronavirus crisis.
“I could not be prouder of all our coaches and staff for uniting as one on these tough decisions that will save over $4M annually,” Pollard tweeted.
While specific cuts were not revealed, Pollard announced coaches across the athletics department will see a combined one year, temporary reduction of $3 million in their salaries.
Additionally, Iowa State will institute a one year suspension of bonus payments for all coaches.
Those moves will save the department $4 million, which nearly covers the $5 million Iowa State lost in the cancellation of the Big 12 and NCAA basketball tournaments.
(Which makes one shudder at the moves Iowa State and others would have to make if the football season were canceled.)
In the first of what will likely be many of these announcements, Iowa State AD Jamie Pollard announced Wednesday that Cyclones coaches will endure pay cuts as the athletics department tightens its belt due to the coronavirus crisis.
“I could not be prouder of all our coaches and staff for uniting as one on these tough decisions that will save over $4M annually,” Pollard tweeted.
While specific cuts were not revealed, Pollard announced coaches across the athletics department will see a combined one year, temporary reduction of $3 million in their salaries.
Additionally, Iowa State will institute a one year suspension of bonus payments for all coaches.
Those moves will save the department $4 million, which nearly covers the $5 million Iowa State lost in the cancellation of the Big 12 and NCAA basketball tournaments.
(Which makes one shudder at the moves Iowa State and others would have to make if the football season were canceled.)
