76ers’ Owner Changes Decision to Reduce Employees’ Salaries
The 76ers have announced that they will be reversing their call to reduce employees’ pay. Josh Harris, the founder of Harris Blitzer Sports and Entertainment, who own the Sixers, had initially planned to reduce all employees’ salaries who weren’t under contract by 20 percent.
Harris claimed that he was attempting to keep all 1,500 people that are employed by the organization working during this time. Although it is hard to say what the best call is when it comes to dealing with the NBA being postponed, I did not agree with Harris’ initial decision.
Sixers’ Owner Criticized for Decision
It would seem I was not the only one who had problems with the announcement to reduce employees’ pay by such a significant margin. Coronavirus is a new and challenging experience, but we must stay strong and try to make the right choices.
Harris is the owner of two professional sports organizations and is estimated to have a net worth of $3.7 billion as of 2020. Since he bought the team in 2011, the 76ers have gone from being valued at $290 million to $2 billion. It is safe to say that this man is not short of money. I feel like he will be fine even while paying employees’ full salary, who need the money a lot more than he does.
Harris Issues Apology, Embiid Helps to Change Narrative
It would seem Harris realized the decision to cut employees’ pay was a mistake. This is likely due to the amount of public criticism that he received. Harris issued a statement where he announced that he would not be applying the 20 percent pay cut.
Philadelphia 76ers star @JoelEmbiid has decided to pledge $500K to COVID-19 medical relief—to help survival and protection efforts in the community. AND he’s committed to helping Sixers employees who will suffer financial hardship in light of the franchise’s salary reductions.
— Ramona Shelburne (@ramonashelburne) March 24, 2020
Later in the account, he spoke of communicating with staff and realizing he had made the wrong call. Sixers’ big-man, leader, and All-Star decided to change the narrative. Embiid has pledged to help with the costs of paying the team’s staff. Check out this other HypeFresh article that further discusses what Embiid did, such as donating $500k to Coronavirus medical relief.
The Sixers were the first team to announce reducing their staff’s pay. Sources report that several other teams around the league were planning on doing the same thing, but wanted to see how people would react to Philadelphia’s decision. Hopefully, they take note of what happened and don’t make the same mistake that the 76ers did.
Thankfully Josh Harris and the organization who own the Sixers have changed their minds. Who knows if it was due to bad publicity or being good people, but either way, it’s nice to see them reverse the decision.
What are your guy’s thoughts though?
Are you glad to see that the 76ers have decided to pay employees their full salary? Or do you believe that the reduction in pay was a necessary cost as a result of lost revenue? Why do you think Harris changed his mind? And do you expect other teams around the league to reduce employee’s pay during this hiatus from play?