Team Staff Salary Cuts & Layoffs (MOD: and local city impacts from lockout)
View Single Post
11-28-2012, 09:57 AM
Let's Go Hawks!
Join Date: Feb 2012
Lockout prompts Wild to cut employees' pay by 20 percent
The vast majority of the 200-person staff was informed that it will begin four-day, 32-hour work weeks that will reduce salaries by 20 percent. In order to alleviate the stress heading into the holiday shopping season, employees won't feel losses for the first time until after Christmas.
Previously, the only Wild employees to receive cuts in base pay were those making more than $70,000 a year, and that was a 30 or 35 percent reduction to the compensation over that $70,000 threshold. Those employees include executives on the business side and management, coaches, trainers and broadcasters on the hockey operations side.
Some of these employees now will receive pay reductions significantly greater than 20 percent after Christmas.
Wild employees who make parts of their salary off commission have been severely hurt throughout the lockout. In addition, there are 500-plus part-timers who work in the arena during games that have lost significant pay.
That includes security, ushers, concierges and concession workers. The lockout has hampered local businesses, police officers who work overtime, parking venders, bus companies and area hotels. The list goes on and on.
Wild owner Craig Leipold is one of four NHL owners on the NHL's negotiating committee, joining counterparts from Boston, Calgary and Washington. The Wild spent to the salary cap ceiling in three of the past four years and had the second-highest cap hit heading into the 2012-13 season after signing Zach Parise and Ryan Suter to identical 13-year, $98 million deals July 4. Each received $10 million signing bonuses.
View Public Profile
Find More Posts by UsernameWasTaken