NBA to Reduce Salary’s of the 100 Top-Paid Executives by 20 Percent
League commissioner, Adam Silver and his right-hand man, Mark Tatum are not just talking the talk, but are more than willing to walk the walk to protect the people on the other end of the totem pole.
With the fear of pay cuts and unemployment growing across all of sports, full-time and seasonal staff are the most at risk for losing their jobs due to the financial backlash of the ongoing coronavirus issue. The NHL has been front and center in the news, issuing pay and job cuts, leaving many people in very compromised financial positions.
The NBA chooses to be different.
In what is an incredibly honourable gesture, the league office’s top-100 earning executive have opted to reduce their base salaries by 20 percent, that includes the salaries of Silver and Tatum.
“These are unprecedented times and, like other companies across all industries, we need to take short-term steps to deal with the harsh economic impact on our business and organization,” said Mike Bass, who refused to confirm the changes.
In light of these new measures, there will not be any widespread salary reductions to other employees at this time.