IOWA CITY, Iowa- The University of Iowa's Athletics Department is cutting $15-(m) million out if it's budget, due to the impact from the COVID-19 pandemic.
Athletic Director Gary Barta says the cuts will come from operating expenses and temporary cuts in coaching staff salaries.
Barta says the cuts are based on the assumption that both football and basketball seasons will be competing, with fans in stands. He says if those seasons are disrupted by the pandemic, further cuts will be needed.
Iowa State Athletic Director Jamie Pollard announced budget cuts back in April due to the pandemic.
The University of Iowa athletics department budget for FY20 was $124.8 million. The 2020-21 budget was anticipated to be $127.5 million prior to the reductions. With the reductions in compensation and operations, the department’s FY21 budget proposal will be $112.5 million.
“None of this is easy for our coaches and staff. I appreciate their continued understanding in these uncertain times,” Barta said. “The pandemic has dealt us a financial situation that requires difficult decisions. It is our responsibility to maintain a fiscally responsible operation while providing the highest level of service to our student-athletes.”
Barta says reductions in salary and compensation will be spread across the department.
Professional and Scientific, non-contracted, staff will see one-year salary reductions based on a graduated salary reduction scale. In general, staff earning above $200,000 will see a 10 percent base salary reduction, staff making $150,000-$199,999 a 7.5 percent reduction, salaries of $100,000-$149,999 a five percent reduction, $50,143-$99,999 a three percent reduction, and staff making below $50,143 a two percent salary reduction. Merit employees will participate in the budget reduction process through utilization of unpaid leave days in either six – or eight-day increments. Contracted employees were asked to participate in a voluntary salary reduction or contribution back to the department.