Tag: Josh Harris
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Certain Sixers employees to face temporary salary reductions
The economic impacts of the coronavirus outbreak are now being felt by members of the 76ers organization.
As the coronavirus crisis continues to rage, certain members of the Philadelphia 76ers organization will start to feel the economic effects of the outbreak.
Per Marc Stein of The New York Times, at-will employees of both the Sixers and the NHL’s New Jersey Devils (both owned by Joshua Harris) that make more than $50,000 will be subject to temporary salary reductions of up to 20 percent, starting April 15 and continuing through the end of June.
The economic impacts of the outbreak became inevitable as the crisis deepened, and athletes across the sports world have rallied to help some of those affected.
Sixers and Devils at-will employees were informed today that temporary salary reductions of up to 20 percent will be instituted for employees making more than $50,000 starting April 15 through the end of June, @NYTSports has learned
— Marc Stein (@TheSteinLine) March 23, 2020
Stein also notes that contracted employees, like members of the coaching staff and front office, have been asked to participate in the program but cannot be forced. According to Stein, Sixers general manager Elton Brand, team president Chris Heck, and Blitzer Sports and Entertainment CEO Scott O’Neil have agreed to participate.
A source told Stein that the move was made in hopes of avoiding layoffs and that no changes were made to 401k or health benefits.
Honestly, this isn’t the greatest look for Harris, but hopefully, the move will prevent the necessity of more drastic measures. On the bright side, it’s nice that Brand, Heck, and O’Neil voluntarily participated. [lawrence-related id=28082,28024]
Sixers release statement regarding coronavirus, 30-day NBA suspension
The Philadelphia 76ers release a statement regarding the NBA suspension.
The NBA is a weird time as the dangers of coronavirus have reached the league and it has infected two players in the NBA now, both with the Utah Jazz. That has triggered commissioner Adam Silver to make the right decision to suspend the NBA for the time being and try to figure out what the next step is.
For the Philadelphia 76ers, this means that games are not important right now. No more debates on whether Joel Embiid and Al Horford fit together or Ben Simmons’ jumper or anything like that. It is all about player and fan safety and that is on the mind of everybody.
Managing partner Josh Harris then released a statement saying:
In this time of need, we need to band together and take care of people. Our teams, our cities and the leagues in which we operate are a family, and we are committed to looking out for one another.
Managing partner Josh Harris releases a statement #Sixers pic.twitter.com/oJkhKZRKEk
— Ky Carlin (@Ky_Carlin) March 12, 2020
According to Yahoo! Sports, the suspension will last at least 30 days and then the league will reassess. Hopefully, that will give health officials enough time to get things under control.
Source to @YahooSports: NBA Owner call just ended. 30 day shutdown then everything will be re-assessed. Some suggested every player will be tested for COVID-19 in the meantime
— Vincent Goodwill (@VinceGoodwill) March 12, 2020
Until then, the Sixers will focus on making sure they are healthy and ready to go when and if basketball resumes. [lawrence-related id=27557,27541,27533]