SBD/March 1, 2011/Franchises

Jets Plan To Cut Salaries Of Football Staff By 25% During Lockout

Mike Tannenbaum (r) would be among those to take a 25% pay cut
The Jets plan to "cut salaries of football operations employees" by 25% in the event of an NFL lockout, according to a source cited by Jenny Vrentas of the Newark STAR-LEDGER. Those cuts, "effective as soon as a lockout was declared, would include GM Mike Tannenbaum and coach Rex Ryan." Lockout clauses "also leave open the possibility of the cuts increasing to 50 percent if the lockout extends three months and possible termination if it reaches six months -- but the organization told employees it did not plan to exercise those additional cuts laid out in their contracts’ lockout clauses." Vrentas notes the "plan would be for employees to recoup their missed earnings, if no games are missed, at the end" of the '11 season (Newark STAR-LEDGER, 3/1). NFL Coaches Association Exec Dir Larry Kennan noted that "nearly 95% of assistant coaches had 'lockout clauses' in their contracts that included some sort of salary reduction" in the event of a lockout. In addition to reduced salaries for football staff, the Jets last week also revealed that they would "require some personnel to take furloughs in the event of a lockout." In N.Y., Manish Mehta noted nearly 100 employees on the business side "will be required to take a one-week unpaid leave each month until a new collective bargaining agreement is reached." Assistant coaches are "among the approximately 62 employees in football operations that are immune to furloughs for now." The Jets, however, "will have cuts similar to the business side after the NFL draft in late April if a new CBA still isn't reached" (NYDAILYNEWS.com, 2/28).
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