ESPN Asking 100 Highest Paid Commentators To Take 15% Pay Cut

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ESPN is now asking it’s 100 highest paid commentators to take a voluntary 15% pay cut in order to save the company money. The cuts are scheduled to last for three months, which is a much clearer time line than what was given to Disney executives when they had their pay cut.

According to Sports Business Daily:

ESPN talent being impacted includes studio hosts like Stephen A. Smith (who makes a reported $8M per year) and Mike Greenberg (who makes a reported $6.5M per year), and game analysts like the highly paid Alex Rodriguez and Kirk Herbstreit, both of whom pull in seven figures per year.

The goal is to avoid furlough for other ESPN employees if the commentators agree to the pay cut. Executives have already taken cuts in line with the Walt Disney Company cuts at 20% for VPs, 25% for Senior VPs and 30% for Executive VPs.

Those who make below six-figures are likely not going to be asked to take a pay cut.

So many companies are doing this right now and it’s the right thing to do. I hope the higher paid individuals will agree to the pay cuts so others can continue to keep their jobs for as long as possible.

What do you think? Comment and let us know.

Source: Sports Business Daily, Google

 

Kambrea Pratt
Disney has been a big part of my life for years--from family trips to WDW to growing up on Disney classics, TV, and movies. Prior to Pirates and Princesses I successfully ran social media and websites since 2010. I've also been a public speaker and presenter since 2007. I'm the co-host for the YouTube channel Clownfish TV as well as the podcast/ Youtube Pirates and Princesses (PNP) channel. Former contributor, online personality and acting social media manager at The Kingdom Insider (which we built from the ground up and ran from 1997-2019 --Thom didn't quit FYI) Pirates and Princesses was started by my husband and I several years ago. We loved Disney and wanted to honestly cover all aspects from pop-culture to the parks from a consumer focused stance. Living OUR happily ever after getting to do what we love with our two kids! Creating fun content and building new things. Certified art teacher, and mom. Opinions are all mine.

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