NCAA to furlough entire staff in Indianapolis for up to two months
Posted: Thu Sep 03, 2020 6:53 pm
https://www.cbssports.com/college-baske ... er-report/
This will eventually trickle down to the Sun Belt Conference members as yet another 2020 loss of revenue issue!
The Indianapolis-based staff of the NCAA will reportedly be furloughed for three to eight weeks in what's being described as a cost-cutting move for the organization. This is according to a memo that the Associated Press obtained on Wednesday.
The furlough will affect over 600 employees,and is scheduled to start on Sept. 21. A three-week furlough is mandatory across the board, but the specific length of certain furloughs will be dependent on the seasonal duties of certain employees. Some could see their furlough end after the three weeks, others could see theirs go until the end of January 2021. As the AP report notes, the furloughs will not affect senior executives.
"There decisions are unfortunate but necessary as we continue to identify ways to cut costs across the national office," NCAA president Mark Emmert wrote in the memo, adding that all the measures represent "top of budget cuts in every national office group totaling nearly half our operating budget."
Emmert and other senior management took a 20% pay cut, while vice presidents took a 10% pay cut, according to a USA Today report from earlier this year. The association also cut annual distribution to DI conferences down from an expected $600 million to $225 million.
This will eventually trickle down to the Sun Belt Conference members as yet another 2020 loss of revenue issue!
The Indianapolis-based staff of the NCAA will reportedly be furloughed for three to eight weeks in what's being described as a cost-cutting move for the organization. This is according to a memo that the Associated Press obtained on Wednesday.
The furlough will affect over 600 employees,and is scheduled to start on Sept. 21. A three-week furlough is mandatory across the board, but the specific length of certain furloughs will be dependent on the seasonal duties of certain employees. Some could see their furlough end after the three weeks, others could see theirs go until the end of January 2021. As the AP report notes, the furloughs will not affect senior executives.
"There decisions are unfortunate but necessary as we continue to identify ways to cut costs across the national office," NCAA president Mark Emmert wrote in the memo, adding that all the measures represent "top of budget cuts in every national office group totaling nearly half our operating budget."
Emmert and other senior management took a 20% pay cut, while vice presidents took a 10% pay cut, according to a USA Today report from earlier this year. The association also cut annual distribution to DI conferences down from an expected $600 million to $225 million.