Rutgers University, which anticipates a $ 200 million shortfall in revenue until June 30 and a significant additional loss in the remainder of the year due to the coronavirus pandemic, announced that its athletic director and three of the highest paid coaches would receive salary cuts over the next four months.
Soccer coach Greg Schiano, men’s basketball coach Steve Pikiell and women’s basketball coach C. Vivian Stringer will cut 10 percent over the next four months. Athletics director Pat Hobbs will reduce salaries by 5 percent.
Salary reduction is part of cost-saving measures at New Jersey state universities.
“We are located in the epicenter of the COVID-19 outbreak in the United States, creating challenges around the length or recovery we expect and our ability to attract new students,” Rutgers president Robert Barchi wrote in his letter to the faculty on Friday, obtained by NJ Advance Media. “Maybe no other state government has been hit as hard as financially New Jersey, which requires the freezing of many appropriations, including most of the funding for Rutgers.”
Barchi called the pandemic “the greatest academic and operational challenge” in Rutgers history.
Schiano was persuaded to return to Rutgers in December with an eight-year contract worth $ 32 million. Pikiell signed a six-year extension, $ 21 million in February, and Stringer is scheduled to generate $ 925,000 in the final year of his current contract.
Barchi also announced that all new capital development projects are being postponed and ongoing projects will be reviewed, which could delay plans for new football facilities and renovations to the Rutgers Athletics Center. The university had previously said football facilities would not be built until half of the anticipated $ 75 million was collected through private donors.
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