Big 12 coaches take a paycut to help pay fpr coronavirus hit

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Iowa State coaches will take a pay cut, as the athletics department tries to make up for lost revenue due to canceled Big 12 and NCAA basketball tournaments and to lessen burdens on people strapped by the coronavirus pandemic.

According to a six-point plan, athletics director Jamie Pollard announced Wednesday a “one-year, temporary pay reduction for athletics department coaches and certain staff. This comprehensive plan will reduce total payroll by more than $3 million,” Pollard wrote.

The other actions Pollard announced on the school’s athletics department web site Wednesday are:

A one-year suspension of all bonus incentives for all coaches; Iowa State says this is expected to save the department $1 million.
Delaying (from January 2021 to January 2022) a previously announced increase in Cyclone Club annual giving levels. The delay, according to Pollard, will save donors approximately $2.5 million for required seating donations.
A freeze on season tickets and individual game ticket prices for all sports.
An extension to the deadline for this year's Cyclone Club donations, and football season ticket renewals to May 29, 2020.
Providing multiple payment options for season tickets and donations. Those required payments can be made monthly, quarterly or semi-annually, according to the release.

“These actions will help us address the $5 million shortfall that we face with the cancellation of the NCAA and Big 12 Men's Basketball Tournaments,” Pollard wrote. “We can now turn our attention to solving many other issues in the coming months.

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