In an effort to combat an expected seven-figure revenue shortfall due to the ongoing coronavirus pandemic, Louisville athletic director Vince Tyra revealed on Thursday that he, his senior staff, and 21 U of L head coaches would all be taking 10 percent pay cuts in 2020-21.
According to Eric Crawford of WDRB, Louisville’s four highest-paid coaches — Chris Mack, Scott Satterfield, Jeff Walz and Dan McDonnell — all agreed to the pay cut last week.
“They were happy to do it,” Tyra said of the coaches and staff members. “They wanted to know what they could do to help.”
As for other financial concerns, Tyra said the biggest question mark remains the status of the 2020 college football season, a huge revenue producer for all athletic programs.
“The football season is going to be the primary one, as most know, because of the financial implications on the athletic department,” explained Tyra. “It would be in everyone’s best interest if we could start on time and have our season has planned. We are all developing contingency plans on the schedule and the financial impact that it may have even if we started on time.”
As has been the case with most athletic directors who have fielded the questions, Tyra said he would prefer to move the football season back if the other option were to play games without fans in attendance.
“I don’t foresee games in the stadiums without fans, I just don’t,” said Tyra. ”I think we’ve learned more since that consideration, of having basketball tournament games in an arena without fans, to where we are today. I really think that health officials with make those decisions and not the leaders in the athletic world.”
You can read a full summary of Tyra’s comments during his teleconference with the media here.