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NBA Executives to see salaries reduced by 20% due to COVID-19

NBA Executives to see salaries reduced by 20% due to COVID-19

 

As the coronavirus pandemic continues to not just affect the NBA but the world as a collective, the NBA has decided to reduce the salaries of top NBA executives by 20%, first reported by ESPN’s Adrian Wojnarowski. 100 of the top-earning league executives will see their salaries reduced, including commissioner Adam Silver.

 

It’s an inevitable move from the league office as the coronavirus has taken the world by storm. You could argue that the way Adam Silver and company has handled this pandemic can be seen as the standard of how to handle such a global epidemic, not only across all professional sports but in general as a collective.

This salary reduction doesn’t affect any team executives at the time, as that would be an in-house decision, like the Philadelphia 76ers mulled before receiving backlash.

Josh Harris and David Blitzer, co-owners of the 76ers and the NHL’s New Jersey Devils, decided to cut the salaries of at-will employees making more than $50,000 by up to 20%. Clearly, the backlash from inside the organizations and from sports fans all over social media, including 76ers and Devils minority co-owner Michael Rubin and 76ers star Joel Embiid, made the rounds before the reduction was put to bed, avoiding a PR nightmare.

Mark Cuban of the Dallas Mavericks led the charge throughout the entire league when it comes to implementing a plan to continue honoring the pay of the arena staff workers.

The salary reductions for the league executives will continue until the coronavirus pandemic has passed.

Managing Editior for Dallas Sports Fanatic | Lead Editor covering the Dallas Mavericks | UNT Alum | Twitter: @TheMulf

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