STILLWATER — The Oklahoma State athletic department announced immediate cuts in personnel and salaries to aid the operating budget amid fiscal challenges posed by the COVID-19 pandemic.
The personnel decisions — in addition to previous budget cuts and a hiring freeze that keeps nine positions vacant for the foreseeable future — will remove approximately $13 million from OSU’s 2020-21 budget. Athletic director Mike Holder says the department is still facing a budget shortfall of potentially $30 million.
The payroll cutbacks will include furloughs, salary reductions and layoffs, and affect approximately 232 of the department’s 241 employees. The salary cuts range from 2.