This seemed inevitable: as the COVID-19 pandemic rolls on, ESPN is asking some of its top earners to take pay cuts of 15% for the next three months.
The news was first reported on Monday by the Sports Business Journal. SBJ also reports that the cuts are voluntary, and executives are taking even larger cuts, from 20% for VPs to 30% for executive VPs.
Importantly, ESPN also claims that the pay cuts will help the network avoid furloughs. Earlier in April, Disney announced plans to furlough all of its non-union park employees and furloughed another 43,000 union employees this weekend, effective as of April 19th.
ESPN forwarded a statement to SBJ about the pay cuts, and SBJ tabbed a quartet of (somewhat obvious) names that seemingly would be affected.
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