Starting on May 22, the NFL will implement tiered reductions in base salary for managers and executives making more than $100,000.
The result was a new ratings record with more than 55 million viewers over three days.īut the continued uncertainty over the duration of the crisis is forcing the league to cut costs further. It even turned one of its marquee events, the annual NFL draft, into a virtual affair. The NFL canceled its annual meeting, closed its league office along with all club facilities and prohibited virtually all travel. Over the past six weeks, the league has made several adjustments to deal with the reality of stay-at-home orders, social distancing guidelines and business closures across the United States. "Last month the Commissioner requested that he voluntarily reduce his salary to $0, which went into effect earlier this month," NFL spokesman Brian McCarthy confirmed in an email to NPR. The pay cuts show that even the NFL, which generated more than $15 billion during the 2018 season, is not immune to the economic consequences of a global pandemic. In the memo, which was sent to the NFL league office staff in New York, NFL Films and NFL Network on Wednesday, Goodell warned that the pandemic's economic effects "will be deeper and longer lasting than anyone anticipated." The news of Goodell's pay cut coincided with an internal league memo, obtained by NPR, in which he announced executive pay reductions and furloughs of league employees. NFL Commissioner Roger Goodell, who was slated to make up to $40 million this year, decided to slash his salary to $0 as America's most popular and profitable sports league deals with the economic fallout from the coronavirus pandemic. If the deal is indeed finalized in the coming days, though, there will be little immediate urgency for that process.NFL Commissioner Roger Goodell, seen during last week's league draft, is cutting his salary, along with those of league employees who make over $100,000.
Schefter notes that this latest extension has been worked on for the past year, and will likely lead Goodell and other members of the league to begin seriously searching for his successor. They, as evidenced by another new deal being on the horizon, clearly outweigh the negatives surrounding himself and the league in recent years. Those long-term agreements have secured billions of dollars in new money for the league and its owners, a continuation of the financial success which has been chief among the positives in Goodell’s tenure.
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The largest reason for that, of course, is the new slate of TV and streaming rights deals Goodell helped negotiate recently. After a one-year dip, the league’s salary cap is set for years of healthy growth for the foreseeable future. The latter point is one which “has not been lost on owners,” Schefter adds. The COVID-19 pandemic provided a new set of challenges for the league, but all scheduled games were completed without players being required to take on reduced compensation despite lost revenues. Labor peace has been ensured with a long-term CBA agreement ratified in 2020 as part of negotiations over revenue sharing and a general increase in player compensation. This latest one is not expected to pass with anywhere near as much issue, a testament to the regard he his held in by the owners. Goodell’s tenure has seen a number of controversies emerge throughout his tenure, including the threat of legal action between the league and Cowboys owner Jerry Jones in the build-up to Goodell’s 2017 deal. That has given him substantial earnings over the course of his career, and puts him essentially in line with predecessors Pete Rozelle and Paul Tagliabue in terms of age at the time their respective tenures came to an end. The 64-year-old has been in place as commissioner since 2006 and worked under four different contracts already. In any event, it is likely this latest deal will be the final one for Goodell. Schefter notes that the owners and Goodell have discussed a three-year, incentive-laden extension, though no concrete terms have been agreed upon at this point. Instead, he will continue in his current post for years to come. That, in turn, came amidst the brief expectation that he would retire in 2024. Goodell is under contract through the 2023 season, after his most recent extension was signed in 2017. ESPN’s Adam Schefter reports that commissioner Roger Goodell is expected to sign a multi-year contract extension later this month. 4:06pm: Mark Maske of the Washington Post tweets that Goodell’s deal is “all but done.” He adds that this extension is expected to run through the spring of 2027, meaning it would indeed constitute three years tacked on to the one remaining on his existing pact.ģ:44pm: At the upcoming NFL owners’ meetings, a deal giving the league continuity at the top is likely to be finalized.
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