Marlins CEO Derek Jeter is forgoing his salary on an indefinite basis, SportsGrid’s Craig Mish reports (on Twitter). Other high-ranking Marlins executives have also taken pay cuts as the organization continues to evaluate the economic impact of the COVID-19 pandemic.
Additional cost-cutting measures that the Marlins’ executive and ownership club may take aren’t clear, but the cuts among some of the team’s brass will surely aid in avoiding layoffs and furloughs elsewhere in the organization. The news comes at a time when Major League Baseball is reportedly set to announce that clubs can begin to furlough or cut pay of non-playing personnel (e.g. coaches, scouts, executives). In late March, all 30 teams agreed to pay non-player employees through the end of April. MLB teams have also pledged $1MM apiece to help cover lost wages for gameday/park employees during the shutdown. Some teams have taken further steps to help cover those part-time wages.
The impact that pay reduction among club leadership will have throughout the organization can’t yet be known, but it’s nevertheless a notable gesture. It’s easy to cynically say that Jeter can afford to do so — indeed, he earned more than $265MM in player salaries during his career and was able to purchase a minority stake in the Miami franchise — but that much is true of many owners and high-ranking executives who have not opted to do so (both in and outside of baseball).
It’s of course possible that other clubs have already taken similar measures — top Rangers execs were reported to be taking cuts earlier this month — or that they’re prepping to do so in the near future. But it also seems inevitable that the economic weight of the pandemic will be felt throughout the league as uncertainty regarding the state of play persists.