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Michigan football head coach Jim Harbaugh and guys’s basketball head coach Juwan Howard have actually each accepted 10 percent income cuts for the 2021 to assist compensate for the athletic department’s projected $261 million budget deficit due primarily to the COVID-19 pandemic, per Bryan Fischer of College Football Talk:
The cancellation of sports has triggered various athletic departments to make spending plan cuts, consisting of Michigan’s.
NCAA winter season champions were canceled this year, and spring sports seasons ended in mid-March.
Although the fall sports season is arranged to start on time, it’s unclear if that will be case since of the pandemic.
The United States has just recently seen a plain rise in COVID-19 cases, with the nation setting a one-day high with a minimum of 44,580 on Monday, per figures from the World Health Company
Harbaugh and Howard aren’t the only top-level athletic department staff members taking pay cuts. Of note, athletic director Warde Manuel, other senior-level administrators and “many” head coaches will take 10 percent pay cuts beginning August 1, per Michigan’s statement.
Staffers earning between $100,001 and $150,000 will take 7.5 percent pay cuts, and those earning between $50,000 and $100,000 will see 5 percent pay cuts. Anybody earning below $50,000 will not have their salaries minimized.
The school jobs viewer admissions profits to drop 50 percent from over fiscal year. Expenditures have actually been cut in every area except for student-athlete financial aid, which has actually increased $800,000