Devils, Sixers nix decision to cut salaries amid pandemic

Sports News

Carbonatix Pre-Player Loader

Audio By Carbonatix

4:47 PM on Tuesday, March 24, 2020

AP

The New Jersey Devils and Philadelphia 76ers have done an about face on cutting salaries for employees making more than $100,000. A day after posting the temporary 20% pay cuts because of the economics effects of the coronavirus pandemic, the co-owners of the teams announced Tuesday they were rescinding them. The owners said the original decision was a mistake. Co-owner Josh Harris said after listening to his staff and players, the right move was to continue to pay employees their full salaries. Harris apologized to employees and fans for the mistake.

This content is used here with permission. To view the original visit: https://apnews.com
 

You might also be interested in:

Salem News Channel Today

Sponsored Links

On Air & Up Next

  • Wealth Protection Radio Show
    9:00AM - 10:00AM
     
    Are you tired of exposing your retirement to stock market risk? How would you   >>
     
  • WealthMap Radio
    10:00AM - 11:00AM
     
    WealthMap Radio is your GPS for retirement, helping you avoid financial   >>
     
  • The Retirement Income Show
    11:00AM - 12:00PM
     
    In retirement, it’s all about income. Real money in your bank account, month   >>
     
  • This Week on the Hill
    12:00PM - 1:00PM
     
    Get an inside look into the decision-making of the U.S. House of   >>
     
  • The Crest Report
    1:00PM - 2:00PM
     
    Tune into “The Crest Report “— where markets meet reality with Tim Conway Jr.   >>
     

See the Full Program Guide