Mar 24, 2020 - Sports

76ers and Devils owners cut employee pay amid coronavirus fallout

Josh Harris and David Blitzer

Josh Harris and David Blitzer, owners of the New Jersey Devils and Philadelphia 76ers. Photo: Andy Marlin/Getty Images

Harris Blitzer Sports & Entertainment, the sports and entertainment group that owns the Philadelphia 76ers and New Jersey Devils, has notified full-time employees making $50,000 or more that they will be subject to pay cuts starting as soon as next month due to the coronavirus fallout.

The response: Not great, as you might expect. Ownership considers this a "temporary measure aimed at avoiding layoffs," per NYT's Marc Stein, but fans aren't buying it.

  • What they're saying: Just search "Josh Harris" (net worth: $3.8 billion) or "David Blitzer" (net worth: $1.3 billion) on Twitter and you'll find out pretty quickly how most Americans feel about billionaires cutting pay to avoid incurring losses that they could presumably withstand.

The harsh reality: As the sports world navigates the evolving coronavirus landscape, more ownership groups will likely enact similar measures.

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