Well, at least one person is cutting. Whether this will carry over to players is another story, but it's amazing to see this. Professional football has not been lacking for revenue in recent years (though they have experienced a decline) though it's difficult to imagine their advertising, attendance and other related revenues not dropping during the recession.
The head of the National Football League will take a pay cut for the current fiscal year and freeze his salary for the coming year, the league announced Wednesday.Goodell is a well paid and well respected professional so it's interesting to see him accept this cut despite not losing billions or trillions. Players next?
The move comes two months after the NFL cut about 15% of its staff.
NFL Commissioner Roger Goodell will give up about 20% to 25% of his $11 million salary for the 2008 budget year, which ends March 31, league spokesman Brian McCarthy said. Goodell will also forgo a scheduled raise in his contract for the coming year, and the rest of the NFL's executive staff will take similar cuts, he said.
"All of us understand that it will continue to take collective sacrifice to get through this challenging economic environment, but these and other steps by our office and clubs will enable us to be more efficient and better positioned for future growth," McCarthy said in a statement announcing the decision.
