The year 2020 has been difficult, to say the least. As small business owners and self-employed folks have grappled with the harsh realities of an economy in a pandemic for months, the North Carolina Tar Heels athletic department has announced their second cost-cutting measure.
Carolina Athletics already announced a 10-percent budget cut for 2020-21, instituted a spending freeze, restricted all non-essential travel, and are not currently filling open positions in the department.
This week, UNC announced the following budget cuts starting October 1 and effective through June 30, 2021:
Coaches and staff members making $200,000 or more will have their salaries reduced by 20 percent, Coaches and staff members making $100,000 to $200,000 will have their salaries reduced by 10 percent, and Coaches and staff members who make less than $100,000 will be furloughed for 15 days.