Roger Goodell not only agreed to have his salary frozen this coming year but went as far as agreeing to take a pay cut in the current fiscal year.
Reports are that Goodell will give up between 20% to 25% of his $11 million salary for the 2008 budget year which, for the NFL, ends March 31. League spokesman Brian McCarthy has stated that the league is taking other steps to reduce its expenses by about 20%.
Beyond the commissioner forgoing the raise that was previously written into his contract this coming year; the rest of the NFL’s executive staff will be subject to similar cuts as well.
This is why the NFL is the best run sports league in the United States. From the executives in the NFL’s front office down to the executives in most of the teams front offices; they know what is best for the game and the longevity of the league.
It’s odd how many common businesses can’t figure out these current economic issues nearly as well as the NFL has proven to thus far.
Of the 169 jobs that were cut by the league only 45 have been via layoff. The others were eliminated through buyouts and by leaving already open jobs unfilled. Kudos to the NFL yet again.
Good timing. Especially after Scott Van Pelt’s rant about how much the ineffectual Bud Selig made last year raised some eyebrows.
Selig made $14.5 mil for pretty much trying to convince everyone that steroids era isn’t his fault. NL MVP Albert PooHoles made 16.
This story is two weeks old
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