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Michigan coaches Jim Harbaugh, Juwan Howard among Wolverines taking 10% pay cuts amid coronavirus

Posted on June 30, 2020June 30, 2020 by Santiago Leon

The Wolverines announced Monday that football coach Jim Harbaugh and basketball coach Juwan Howard — among other head coaches employed by the athletic program — will each take 10% pay cuts from August 1 through the end of the fiscal year. As a result, Harbaugh — currently the third-highest paid coach in the country ($7.5 million) — will make $6.75 million, while Howard’s salary will be reduced from $2 million to $1.8 million.

Michigan anticipates a shortfall of $26.1 million during fiscal year 2021. The coronavirus pandemic is expected to cut revenue from $187.4 million to $135.8 million, which is the genesis for cost-cutting measures that are expected to reduce payroll by $6 million. Team/game expenses are expected to be reduced by $6.5 million.

Michigan coaches Jim Harbaugh, Juwan Howard among Wolverines taking 10% pay cuts amid coronavirushttps://t.co/yrfgDbJCGI

— Barrett Sallee (@BarrettSallee) June 30, 2020

Michigan’s Jim Harbaugh, Juwan Howard among employees to take 10% pay cut https://t.co/4uVhaWFtwv

— Detroit Free Press (@freep) June 30, 2020

– READ MORE »

Santiago Leon
Santiago Leon

Santiago Leon is the Founder and CEO of the Sports Cast. He covers almost every sport: NFL, NBA, and world soccer. He’s also founder of sleon productions, which he specializes in technology and serves clients with solutions to make their business grow.

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  • #michigan #coaches #jim #harbaugh #juwan #howard #among #wolverines #taking #% #pay #cuts #amid #coronavirus #
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