University of Colorado announces athletic pay cuts for upcoming fiscal year
Colorado athletic director Rick George said he and 11 head coaches will take pay cuts for the upcoming fiscal year in light of the budget impacts caused by the coronavirus pandemic.
The salaries for George along with football coach Karl Dorrell, men’s basketball coach Tad Boyle and women’s basketball coach JR Payne will be reduced by 10%. The other eight varsity head coaches will have their salaries reduced by 5%.
“It’s the right thing for all of us to do,” George said Thursday in a statement. “There are a lot of unknowns ahead of us, and while we don’t exactly know yet the financial impacts for the upcoming year, for them to agree and voluntarily take pay cuts is important at this time for our student-athletes and the overall direction of all our sports programs and support areas.”