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ESPN Seeks Pay Cuts From Top On-Air Personnel – Variety

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ESPN, struggling to maintain contemporary programming on its schedule with stay sports activities sidelined by the coronavirus pandemic, is asking a few of its best-known personalities to take pay cuts.

“We’re asking about 100 of our commentators to hitch with our executives and take a short lived wage discount. These are difficult occasions and we’re all on this collectively,” the Disney-owned sports-media big stated in a press release. Sports activities Enterprise Journal beforehand disclosed the cuts.

The wage reductions are prone to have an effect on the community’s highest-paid commentators, who embrace personalities like Stephen A. Smith and Mike Greenberg. ESPN is in search of cuts of 15%, and would embody three months of pay cycles, in keeping with an individual conversant in the matter. Executives hope the pay cuts will tamp down a necessity for brand spanking new furloughs, and preserve paychecks intact for lower-paid ESPN workers who don’t earn the forms of salaries that the big-name personalities do.

ESPN’s efforts are a part of broader initiatives at mother or father Walt Disney to trip out what has grow to be an ideal storm of powerful circumstances. A number of the firm’s greatest operations are to be present in communal occasions – visits to theme parks and sports activities matches. However the pandemic has made such issues inconceivable to keep up, and nobody is for certain how lengthy such circumstances will proceed.

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