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The Latest on the effects of the coronavirus outbreak on sports around the world: ___ North Carolina State has announced…
The Latest on the effects of the coronavirus outbreak on sports around the world:
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North Carolina State has announced temporary salary cuts or furloughs for coaches and staff members because of financial concerns amid the pandemic.
The school announced the measures Thursday, citing expected losses of $25 million to $35 million in projected revenue.
Coaches and staff members making at least $200,000 will have a 20% reduction in salary, while those making at least $100,000 face a 15% cut. Coaches and staff members who make less than $100,000 will have 19 days of furlough.
Those measures will run Oct. 24 through June 30 to end the fiscal year.
Athletic director Boo Corrigan noted the school has already taken cost-cutting steps such as reducing overtime and leaving positions vacant in the athletics department.
“These are uncomfortable and very difficult decisions and I fully understand that actions taken will have a significant impact on individuals and families,” Corrigan said.
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