The LSU athletic department has announced salary reductions and canceled bonuses for some staff members and coaches, along with several layoffs in the department due to an expected $80 million dollar shortfall in their budget. Per
The Advocate:quote:
In a statement, the LSU athletic department said it expects to lose $80 million in revenue. As a result, LSU announced department-wide reductions in compensation. Staff earning above $80,000 are subject to a 5% salary decrease in 2021, the athletic department won’t give bonuses to coaches and staff for one year and LSU will only approve new positions, promotions, salary adjustments and position replacements in "essential situations" through June 30, 2023.
Coaches and other employees with contracts have been asked to voluntarily reduce their annual salary by 5% next year. Athletic director Scott Woodward, football coach Ed Orgeron, baseball coach Paul Mainieri and others have agreed to the plan. Reducing Orgeron’s annual base salary of $6 million would create $300,000 for the athletic department.
LSU also eliminated several positions in the athletic department. In a press release, LSU athletics said it made the cuts to “streamline productivity, eliminate redundancies and create efficiencies throughout the department." Read more.
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