University of South Carolina football head coach Will Muschamp, men's basketball head coach Frank Martin, women's basketball head coach Dawn Staley and athletics director Ray Tanner will all take voluntary 10% pay reductions for the 2020-21 fiscal …
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University of South Carolina football head coach Will Muschamp, men's basketball head coach Frank Martin, women's basketball head coach Dawn Staley and athletics director Ray Tanner will all take voluntary 10% pay reductions for the 2020-21 fiscal year.
In a press release from the school on Tuesday, it was announced that Muschamp, Martin and Staley - the school's three highest paid coaches - along with Tanner, President Bob Caslen and several senior-level cabinet administrators would each take the 10% pay cut. The new fiscal year begins on July 1.
The reduction is part of a cost-saving strategy to help offset the financial impact of the coronavirus pandemic on university operations. The voluntary reduction is expected to save more than $1.2 million in the upcoming fiscal year.
"Working in intercollegiate athletics at the University of South Carolina is a tremendous calling for myself and our coaches and staff," Tanner said in the release. "I am aware of the difficulties many people in our state and nation are having because of this pandemic, including the staff and students of our great university. These shared voluntary sacrifices will help address the anticipated financial shortfalls at Carolina."
The university estimates that the cost of the pandemic through August could total as much as $40 million, with more significant financial impacts in the new fiscal year.
"The global health crisis will continue to have a significant impact on the university, and I applaud our university officials and coaches for their willingness to personally contribute to our institution's financial health," Caslen said. "From the very beginning of the pandemic, our leadership team has responded with tremendous professionalism and a singular determination to help the university navigate through this unprecedented challenge. I thank them for their deep commitment to our students and our mission."
Additional cost-saving measures currently underway include delaying capital construction projects; deferring non-critical maintenance; filling only mission-critical positions; eliminating university-funded travel; postponing faculty merit raises; and eliminating employee overtime.
On Monday, Furman University in Greenville announced it was cutting its baseball program as well as its men's lacrosse program as part of many cost-cutting measures due to financial issues caused by the pandemic.
"This is a difficult day for Furman athletics," said director of athletics Jason Donnelly in a press release. "We are proud of Furman's athletics history and tradition and the student-athletes and coaches who have competed as Paladins. Moving forward, Furman athletics will operate as an 18-sport varsity program that supports academic and athletic excellence, financial stability, gender equity and sustainable competitive success with an emphasis on revenue generation and philanthropy.
"Our immediate focus is on supporting our student-athletes and coaches impacted by today's decisions, as well as our alumni and fans who so passionately support our programs," Donnelly added. "The legacy of Furman baseball and men's lacrosse will be remembered and celebrated."
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