In a letter to NC State fans on Thursday, Wolfpack athletics director Boo Corrigan announced that the school is implementing pay cuts and furloughs for department employees, beginning on Oct. 24. Corrigan says that NCSU is looking at a loss of revenue between $25-$35 million because of the coronavirus.
Due to the circumstances and reality we face, effective October 24, 2020 through June 30, 2021, we will implement temporary salary reductions or furloughs to each permanent member of our staff, as follows:
Coaches and staff members making $200,000 or more will have their salaries temporarily reduced by 20 percent.
Coaches and staff members making $100,000 to $199,999 will have their salaries temporarily reduced by 15 percent.
Coaches and staff members who make less than $100,000 will be furloughed for 19 days.
NCSU already has made operational cuts and has left open some vacant positions in the department in order to save money. State is far from alone here, as numerous athletics departments have made similar salary reductions. Everybody’s been working from behind since the NCAA basketball tournament was canceled in the spring, and this is only being exacerbated by a lack of football ticket revenue this fall.
Fortunately, NC State has not had to cut any varsity sports, but these are tough times for just about everybody in athletics, regardless.