New Jersey Devils cut some staff salaries for 3 months
NEWARK, NJ – MARCH 25: Pavel Zacha #37 of the New Jersey Devils in action against the Buffalo Sabres at Prudential Center on March 25, 2019 in Newark, New Jersey. The Devils defeated the Sabres 3-1. (Photo by Jim McIsaac/Getty Images)
Posted at 1:48 PM, Mar 24, 2020
and last updated2020-03-24 13:48:01-04
NEWARK — The New Jersey Devils and Philadelphia 76ers have cut salaries for employees making more than $100,000 and put them on a four-day work week as the franchises deal with the impact of the coronavirus.
Harris Blitzer Sports & Entertainment CEO Scott O'Neil announced the decision Monday in a letter on the Devils' website.
The cuts are scheduled to last for three months and will amount to roughly 6% of the employees' yearly salary if the pandemic subsides.
The Devils of the NHL and the Sixers of the NBA are owned by Josh Harris and David Blitzer, the founders of HBSE.
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