Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

76ers, Devils cutting pay, moving to 4-day week

Written by 
Published in Basketball
Monday, 23 March 2020 19:12

The sports and entertainment group that owns the Philadelphia 76ers and New Jersey Devils has notified salaried, full-time employees they will be subject to temporary pay cuts of up to 20% and will be moving to a four-day work week as a result of the ongoing fallout from the coronavirus pandemic.

"As we navigate this evolving COVID-19 environment, we are mindful of the long-term impact the suspension of live events and games will have on our organization and industry," said Scott O'Neil, CEO of Harris Blitzer Sports & Entertainment, in a statement sent to the employees. "To ensure we can continue to support and operate our businesses during these uncertain times without reducing our workforce, we are asking our full-time, salaried employees to temporarily reduce their pay by up to 20 percent and move to a four-day week."

The pay cuts will begin as soon as next month and will affect full-time employees who make $50,000 or more and will go as high as 20% for those making $70,000 or more, sources told ESPN. The teams are expected to ask contracted front-office employees to take similar cuts, sources said.

News of the pay cuts for the Josh Harris-owned group was first reported by The New York Times.

"In addition to supporting our people, we are committed to playing an ongoing role in funding efforts to help the most impacted residents in our home cities," O'Neil said in the statement. "In the coming days, we will enter into additional partnerships in Philadelphia, Camden and Newark to assist our neighbors with food and resource distribution during this public health crisis."

In a memo sent to teams Friday, the NBA said it plans to deliver players their full salaries due on April 1. But the league left open the possibility of recouping future salaries for canceled games on April 15, based on the force majeure provision in the collective bargaining agreement.

Force majeure allows for the withholding of 1/92.6 of a player's seasonal salary per canceled game based upon catastrophic circumstances. The provision encompasses several scenarios, including war, natural disasters and epidemics/pandemics. (For the purposes of force majeure, the league considers each team to have played five preseason games, 82 regular-season games and 5.6 playoff games.)

Read 1589 times

Soccer

Atléti mark Simeone's 700th game with late win

Atléti mark Simeone's 700th game with late win

Diego Simeone's 700th game in charge of Atlético Madrid ended in a late 2-1 win over Deportivo Alave...

Sources: Olof Mellberg to become St.Louis boss

Sources: Olof Mellberg to become St.Louis boss

EmailPrintOpen Extended ReactionsFormer Aston Villa and Sweden defender Olof Mellberg has signed a m...

Arteta backs Saka amid Kane drop-outs comment

Arteta backs Saka amid Kane drop-outs comment

EmailPrintOpen Extended ReactionsMikel Arteta has hit back at anyone questioning Bukayo Saka's commi...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

NBA follows NFL in warning players on burglaries

NBA follows NFL in warning players on burglaries

EmailPrintThe NBA is urging its players to take additional precautions to secure their homes followi...

Sources: Zion (hamstring) not close to returning

Sources: Zion (hamstring) not close to returning

EmailPrintNew Orleans Pelicans star Zion Williamson has undergone multiple treatments on his left ha...

Baseball

Hays, Finnegan, Rodgers among new free agents

Hays, Finnegan, Rodgers among new free agents

EmailPrintOpen Extended ReactionsNEW YORK -- Outfielder Austin Hays and right-hander Kyle Finnegan -...

Judge giving Soto space amid free agency frenzy

Judge giving Soto space amid free agency frenzy

EmailPrintOpen Extended ReactionsNEW YORK -- Aaron Judge is one of the few people on Earth who can r...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated