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Iowa Department of Athletics declares spending cuts

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Iowa Department of Athletics declares spending cuts

As part of the University of Iowa Athletics Department ‘s strategy to alleviate the financial impact of the COVID-19 pandemic, Director of Athletics Chair Gary Barta proposed spending cuts of about $15 million for the program.

The budget for 2020 for the Athletics department was $124.8 million. Prior to the cuts, the 2020-21 budget was forecasted to be $127.5 million. The department’s 2021 spending plan would be $112.5 million, including the benefits and administration cuts. The loss of $15 million entails nearly $13 million in decreased administrative costs, with the resulting reductions in wages.

Iowa Department of Athletics

Wage and benefit cuts are distributed throughout the state. Based on a graduated wage reduction scale, professional and scientific, non-contracted staff will see one-year salary reductions. In total, workers receiving over $200,000 will see a 10 percent cut in base pay, workers making $150,000-$199,999 a 7.5 percent decrease, earnings of $100,000-$149,999 a five percent cut, $50,143-$99,999 a three percent reduction, and staff seeing a two percent reduction in income below $50,143.

Specifically, head coaches Lisa Bluder, Tom Brands, Kirk Ferentz and Fran McCaffery have collectively committed to a one-year, 15-per-cent base pay cut or a donation back to the athletics department. Deputy Athletics Director Barbara Burke committed to a 25 percent cut in pay, while Barta reduced his overall salary package by more than 30 per cent.

The proposed cuts presume full seasons of football and basketball with spectators watching. Any interruptions or declines in those seasons will also result in more drastic reductions.

Statements

Grinnell College claims rugby and other fall activities should be on delay due to coronavirus issues.

Section III school revealed on Monday that activities like rugby, basketball , tennis, cross country and volleyball will not continue. The college, located about 45 miles east of Des Moines in the small town of Grinnell, competes in the Midwest Conference.

Grinnell administrators say they ‘d wait through the school year to determine whether to include other sports later.

No. 1 overall draft prospect Spencer Torkelson and the Detroit Tigers agreed on Tuesday to a minor league deal and the club announced the infielder would join their player roster for this brief season.

Torkelson’s deal includes a signing bonus of $8,416,300. Which is $1,000 above the slot value, and a contingent bonus of $2,500. He will collect $100,000 within 30 days of Major League Baseball’s acceptance of the contract. And 50 percent of the remainder in 2021 and also 2022 on July 1 respectively.

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