NEARLY HALF OF major college football and men's basketball coaches have taken voluntary pay cuts in response to the financial crisis facing higher education because of the coronavirus pandemic, but most of the highest-paid coaches have not, an ESPN survey found.
Eight of the 10 top-paid football coaches and at least five of the 10 highest-paid men's basketball coaches -- all of whom earn more money than anyone else at their schools -- have not taken cuts.
Most of the schools that employ those coaches have not announced universitywide salary or job cuts, but they are all facing deep financial distress, accepting millions of dollars in taxpayer relief and, in most cases, implementing a range of cost-saving measures inside and outside athletics.