Tuesday, September 15th, 2009 at 10:00 am  |  8 responses

Miami Heat Slash Salaries

The good news is that no layoffs were made this time around: “While Erik Spoelstra’s staff will return intact, all will operate at salaries significantly lower than last season. Seeking to avoid the type of layoffs that cost the business side of the team’s operation about 20 jobs in May, Heat President Pat Riley instead asked those on the basketball side of the team’s operation to voluntarily accept pay cuts ranging from two percent to 20 percent. The cuts, which include everyone from the team’s media-relations staff to the scouting staff to the executive staff, will cost Spoelstra and Riley well into the six figures.”

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  • Peter

    What about some of the players taking some of those cuts…

  • http://double-technical.blogspot.com Zee!

    Riles…why are you still around? And did Riles take a pay cut?

    “The Heat is operating more than $12 million above the league’s soft salary cap and last month took on an additional $700,000 in payroll with the trade for swingman Quentin Richardson.”
    If you need answers….look no further

  • LeMay

    wtf do u mean why is riles still around? hes a HOF coach. Watch some better basketball videos or something

  • http://sevendeu2u.wordpress.com/ Seven deuce

    At least they found a way to help employees keep their jobs, well done!

  • http://slamonline.com Jacob J

    NBA players are WAY overpaid! They only play for money and dont play with any heart.

  • http://double-technical.blogspot.com Zee!

    LeMay….its was rhetorical, as in why is a lame duck former coach, terrible front office guy still in the NBA. But I see maybe I worded it to complex for you.

  • http://www.bulls.com Enigmatic

    ALL the players ‘cept D Wade should take a pay cut too! But my man is earnin’ every penny!

  • http:///realcavsfans.com Anton

    Beasley’s therapist is glad he picked his profession