June 30, 2020

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Hawkeye athletic budget slashed by $15M as some coaches take voluntary pay cuts

Hawkeye athletic budget slashed by $15M as some coaches take voluntary pay cuts
APP STORE. STACEY: THE UNIVERSITY OF IOWA IS PUTTING A HOLD ON ITS TICKET SALES FOR THE 2020 FOOTBALL SEASON. IOWA OFFICIALS SAY THEY WANT TO WAIT FOR A SOCIAL-DISTANCING SEATING PLAN AT KINNICK STADIUM BEFORE ANY MORE TICKETS ARE SOLD. KCCI SPORTS DIRECTOR SCOTT REISTER TELLS US WHAT THE UNIVERSITY HAS TO SAY. SCOTT?…

APP STORE. STACEY: THE UNIVERSITY OF IOWA IS PUTTING A HOLD ON ITS TICKET SALES FOR THE 2020 FOOTBALL SEASON. IOWA OFFICIALS SAY THEY WANT TO WAIT FOR A SOCIAL-DISTANCING SEATING PLAN AT KINNICK STADIUM BEFORE ANY MORE TICKETS ARE SOLD. KCCI SPORTS DIRECTOR SCOTT REISTER TELLS US WHAT THE UNIVERSITY HAS TO SAY. SCOTT? SCOTT: ONLY RETURNING SEASON TICKET HOLDERS WHO MEET THEIR PER-SEAT CONTRIBUTIONS THIS MONTH WILL BE INCLUDED IN THOSE SEATING PLANS RIGHT NOW. THAT MEANS NO ONE CAN BUY FIGHT FOR IOWA DIGITAL SEASON PASSES, MINI-PLAN, GROUP, HAWKEYE VILLAGE OR SINGLE-GAME TICKETS RIGHT NOW. ATHLETIC DIRECTOR GARY BARTA SAYS THE PAUSE ON SALES IS SO THEY CAN FOCUS ON FIGURING OUT HOW TO REDUCE CAPACITY AT THIS SEASON’S GAMES TO HELP PREVENT THE SPREAD OF COVID-19 HE ALSO ADDED THAT THERE STILL A CHANCE THEY COULD SELL MORE TICKETS THAN THIS. BARTA TELLS US THE SCHOOL PLANS TO FINALIZE THAT PLAN BY LATE JULY. MEANTIME, U OF I SAYS ALL TICKETING AND

Hawkeye athletic budget slashed by $15M as some coaches take voluntary pay cuts

The University of Iowa Athletic Department will cut approximately $15 million from the 2020 fiscal year budget as some head coaches have volunteered to take a pay reduction for one year.The university made the announcement Tuesday as part of a plan to mitigate the financial effects of the coronavirus pandemic.According to the university, the budget for the athletics department for fiscal year 2020 was $124.8 million. With the reductions in compensation and operations, the department’s fiscal year 2020 budget proposal will be $112.5 million, according to the university.The current budget cuts assume there will be fans in the stands for football and basketball games this season, according to the university. If that changes, there could be further cuts.“None of this is easy for our coaches and staff. I appreciate their continued understanding in these uncertain times,” Gary Barta, athletic director for the University of Iowa, said. “The pandemic has dealt us a financial situation that requires difficult decisions. It is our responsibility to maintain a fiscally responsible operation while providing the highest level of service to our student-athletes.”Head coaches Lisa Bluder, Tom Brands, Kirk Ferentz and Fran McCaffery have voluntarily agreed to a one-year, 15% base salary reduction or contribution back to the athletics department, according to the university. University officials said Deputy Athletics Director Barbara Burke agreed to a 25% salary reduction, while Barta reduced his total compensation package by more than 30%.The university said the cuts will be seen across the athletic department.“Professional and Scientific, non-contracted, staff will see one-year salary reductions based on a graduated salary reduction scale. In general, staff earning above $200,000 will see a 10 percent base salary reduction, staff making $150,000-$199,999 a 7.5 percent reduction, salaries of $100,000-$149,999 a five percent reduction, $50,143-$99,999 a three percent reduction, and staff making below $50,143 a two percent salary reduction. Merit employees will participate in the budget reduction process through utilization of unpaid leave days in either six – or eight-day increments. Contracted employees were asked to participate in a voluntary salary reduction or contribution back to the department,” the university said in a release.Check the KCCI Breaking News and Weather App for updates on this developing story.

IOWA CITY, Iowa —

The University of Iowa Athletic Department will cut approximately $15 million from the 2020 fiscal year budget as some head coaches have volunteered to take a pay reduction for one year.

The university made the announcement Tuesday as part of a plan to mitigate the financial effects of the coronavirus pandemic.

According to the university, the budget for the athletics department for fiscal year 2020 was $124.8 million. With the reductions in compensation and operations, the department’s fiscal year 2020 budget proposal will be $112.5 million, according to the university.

The current budget cuts assume there will be fans in the stands for football and basketball games this season, according to the university. If that changes, there could be further cuts.

“None of this is easy for our coaches and staff. I appreciate their continued understanding in these uncertain times,” Gary Barta, athletic director for the University of Iowa, said. “The pandemic has dealt us a financial situation that requires difficult decisions. It is our responsibility to maintain a fiscally responsible operation while providing the highest level of service to our student-athletes.”

Head coaches Lisa Bluder, Tom Brands, Kirk Ferentz and Fran McCaffery have voluntarily agreed to a one-year, 15% base salary reduction or contribution back to the athletics department, according to the university.

University officials said Deputy Athletics Director Barbara Burke agreed to a 25% salary reduction, while Barta reduced his total compensation package by more than 30%.

The university said the cuts will be seen across the athletic department.

“Professional and Scientific, non-contracted, staff will see one-year salary reductions based on a graduated salary reduction scale. In general, staff earning above $200,000 will see a 10 percent base salary reduction, staff making $150,000-$199,999 a 7.5 percent reduction, salaries of $100,000-$149,999 a five percent reduction, $50,143-$99,999 a three percent reduction, and staff making below $50,143 a two percent salary reduction. Merit employees will participate in the budget reduction process through utilization of unpaid leave days in either six – or eight-day increments. Contracted employees were asked to participate in a voluntary salary reduction or contribution back to the department,” the university said in a release.

Check the KCCI Breaking News and Weather App for updates on this developing story.

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