Iowa State Coaches Take Big Pay Cuts Due to COVID-19
According to the Associated Press, Iowa State coaches, along with other staff members in the athletic department, will take pay cuts for one year in an attempt to help offset the devastating economic impact caused by the COVID-19 health crisis.
The Associated Press reports that according to Athletic Director Jaime Pollard, the "department faces a $5 million shortfall this year" due to tournament cancellations.
It is hard to imagine a bigger crisis that could cause so many people to sacrifice so much in such a short amount of time. Just three weeks ago, these schools were preparing for the collegiate post-season of March Madness and other Invitational tournaments. Today, it's an entirely new ball game.
The Associated Press also reports that coaches bonuses, totaling $1 million, will be suspended temporarily and that the cut will save more than $3 million dollars.
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