Michigan State University cuts salaries of top-paid coaches
EAST LANSING (AP) — Michigan State University is temporarily reducing salaries for athletic department employees under contract who make at least $100,000 to cope with the loss of revenue related to the COVID-19 pandemic, it was announced Thursday.
The move will cost Hall of Fame basketball coach Tom Izzo and football coach Mel Tucker each just under $250,000 based on a 7% cut in pay for employees making at least $500,000.
MSU athletic Bill Beekman will reduce his $750,000 salary by 10%. Athletic department employees who make $100,000 to $149,999 will have their salaries reduced by 2% beginning Sept. 1.