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MLB cuts senior staff pay by 35 per cent, pays all staff through May

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AP New York
Last Updated : Apr 15 2020 | 9:46 AM IST

Major League Baseball is cutting the salary of senior staff by an average of 35 per cent for this year and is guaranteeing paychecks to its full-time employees of its central office through May.

Baseball Commissioner Rob Manfred made the announcement Tuesday in a memorandum to staff, a copy of which was obtained by The Associated Press.

Manfred also said the commissioner's office will make all planned distributions to teams through May.

"As part of our effort to protect the organization, my senior staff and I have decided to reduce our compensation by an average of 35 per cent for 2020 to help the organization weather this terrible storm," Manfred wrote in the memo, which described cost-cutting efforts.

"As a result of these developments, I am pleased to be in a position to ensure that all employees that received regular pay checks in April will continue to be paid through May 31," he wrote.

"I am deeply grateful to the owners for supporting my decision to continue to support all of our employees in an environment where the owners and the clubs are facing their own very difficult financial issues."
Manfred said his finance leaders have worked with department heads and have "cut programs, canceled events, delayed capital expenditures and renegotiated contracts with vendors."
Manfred called the distributions to teams "a vital part of our economic system."

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Apr 15 2020 | 9:46 AM IST

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