Devils force workers to take steep pay cuts, but allow top executives and players to collect full pay

Owner Joshua Harris is worth nearly $4 billion. This is awful.

HockeyFeed
HockeyFeed
Published 4 years ago
Devils force workers to take steep pay cuts, but allow top executives and players to collect full pay
Zuma Press

According to NBA insider Marc Stein, employees of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils are being forced to take a 20% pay cut amidst the COVID-19 pandemic.

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The Devils are believed to be the first NHL team to enact such a policy concerning its staff. The Devils and Sixers are both owned by billionaire investor Joshua Harris, who reportedly requested that the teams’ executive and coach staff also voluntarily take pay cuts.

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The Devils’ players, however, will be paid in full. So… let’s get this straight: The billionaire owner and millionaire players will be paid in full. The administrative staff and office clerks making $50,000 a year though… they’ll be docked 20%. What a joke…

Source: Marc Stein