Cubs Implement Employee Pay Cuts Amidst COVID-19 Pandemic
Pay cuts will be as high as 15% for the majority of Cubs employees.
The Chicago Cubs have induced an employee pay cut, according to Jeff Passan. The salary reductions will range from 10% to 35% for higher paid employees. A majority of the cuts will be 15% or less. Players will not be affected as they are protected by the collective bargaining agreement.
These measures are said to have an effect on all employees on the business and baseball side of the club, including Theo Epstein, Jed Hoyer and David Ross.
Last month, the Cubs were one of 18 MLB teams to guarantee salary to full-time employees through the end of May. But as we approach two months without any baseball, further salary cuts and furloughs are being implemented across the league.
The Mariners recently decided to reduce 20% of all salaries for employees making $60,000 or more, ensuring no furloughs through October. Other clubs like the Marlins, Reds and Angels have furloughed employees within the last week.
The Cubs have instituted this pay cut to prevent furloughs through at least the end of June. The club has said they will guarantee employment through that time.
While the hope is that Spring Training 2.0 begins in June, furloughs could occur throughout the organization starting in July if there is not a timely agreement on season structure between the owners and MLBPA.