The NFL has reduced salaries of its employees by 12% according to Newsday's Bob Glauber, who added that the slashing of pay would increase if the lockout extends into August.
If the NFL's labor dispute isn't settled before August, the salaries of league officials would be cut as follows: executive vice presidents by 25%, senior vice presidents by 20%, vice presidents by 15%, and other management level employees by between 5-10%.
Huge cuts and furloughs are on there way if the lockout doesn't get settled in the next couple months.
Maybe with all these paycuts, both sides can finally meet at a compromise.
Surely these pay cuts will prove an incentive to compromise. Now that NFL employess can see the real impact of the crisis on their wallets, they may be more willing to come to the bargaining table.
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