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Dolphins Refuse Layoffs, Furloughs Despite Projected Pandemic Losses

The Dolphins are "projected to lose a significant amount of money in 2020 due to the coronavirus crisis," but unlike many of their peers, they have "refused to use layoffs or furloughs as a tool to cut costs," according to Adam Beasley of the MIAMI HERALD. Dolphins Vice Chair, President & CEO Tom Garfinkel said, "We want to try to keep everything intact if we can and look at it as three years of revenues and expenses, as opposed to one year. We're fortunate to have an owner [Stephen Ross] who understands that and cares deeply about people." The team also began mulling over "other ways to generate revenue." One of their "more successful ideas: converting the stadium into a drive-in movie theater." Garfinkel said, "We're not making money on the drive-ins, but that was an initiative to try to give people something safe to come do and keep people employed. We're going to lose a lot of money this year. We're going to lose maybe a little bit less if we have 13,000 (fans at Dolphins games) instead of zero." Beasley notes Dolphins season-ticket holders "have first crack at the limited number of tickets made available this year, and the response has been strong." Every game is "expected to sell out." The team said that prices "have not increased despite the decreased supply" (MIAMI HERALD, 8/31).

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