Heat Staff Take a Big Cut in Pay
Old 09-15-2009, 06:35 PM   #1 (permalink)
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Heat Heat Staff Take a Big Cut in Pay

Ouch! 20 percent. Hey Bosh - that looks like a great destination.

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ESPN.com news services
MIAMI -- Miami Heat basketball operations employees have accepted up to a 20 percent pay cut in order to avoid layoffs.

The cuts affect everyone in the department, including team president Pat Riley, head coach Erik Spoelstra, assistant coaches, scouts and others. The South Florida Sun-Sentinel first reported the salary reduction in its Tuesday editions.

Player salaries are not being affected.

The Heat laid off 20 members of its business operations staff in May as a result of the economic downturn. In 2003, the franchise asked employees to accept 10 percent pay cuts because of falling revenues.

Lower ticket prices and scaled-back sponsorship deals have decreased revenue around the NBA, which is projecting further reductions over the coming year.

While the Heat are about $3 million above the NBA's luxury tax threshold, the team has only 13 players under contract, two below the regular-season maximum, the South Florida Sun-Sentinel reported.

The Heat are about $12 million above the league's soft salary cap and took on an additional $700,000 in salary in a trade for Quentin Richardson, according to the report. But the team has not replaced former general manager Randy Pfund, who resigned shortly before the start of last season.
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Old 09-15-2009, 10:52 PM   #2 (permalink)
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ouch....i dont know what else to say......that just sucks....plain and simple....the players should take the cut aswell IMO....but its not gonna happen soo....
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Old 09-15-2009, 11:06 PM   #3 (permalink)
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They won't cut players salaries.
As well as being employees, the players are the actual "product" and they need to maintain the quality of their product by keeping them happy. Besides, they have contracts.
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Old 09-15-2009, 11:08 PM   #4 (permalink)
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I was checking out ticket prices for the heat. Freakin expensive! Who would watch these chumps? I don't think their gonna make the playoffs. O'neal retires and Wade goes to New York. Miami Heat are back to who they were in the 80s and some 90s.
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