Ohio State's Ryan Day, Chris Holtmann and others agree to additional voluntary pay cut
With seasons being shortened or postponed and no fans in the stands, all 14 Big Ten programs are out looking for ways to save costs with a much smaller amount of revenue coming in this year.
That even includes the financial juggernaut that is Ohio State. Looking for ways to earn back some of that revenue, some of the Buckeyes’ most prominent leaders are taking pay cuts this year.
The biggest names on that list include football coach Ryan Day, basketball coach Chris Holtmann and athletic director Gene Smith. They are amongst those who agreed to five percent pay cuts.
Ryan Day, Chris Holtmann, Gene Smith and others take voluntary 5% pay cuts through June 2021 to help Ohio State's athletic department save over $1 million. https://t.co/d7S6MDfDp0
— Eleven Warriors (@11W) December 5, 2020
Thanks to Eleven Warriors for doing the math. Here is what those cuts look like as monetary totals. Day will lose out on $246,778, Holtmann’s total is $102,024 while Smith loses $57,960.
Besides Day, other football coaches have also agreed to cuts. That includes director of player personnel Mark Pantoni, strength and conditioning coach Mickey Marotti and Brian Voltolini, director of football operations. Their cuts, along with other assistants, lead to the school receiving $347,618.
Holtmann’s assistants will also be giving back some money with that total coming to $40,313. One of the other sports that is giving back is wrestling, with Buckeyes head coach Tom Ryan losing out on $12,068.
When all the math is set and done, Ohio State will be getting back $1.4 million. That’s likely to help but will not solve the financial woes on the horizon for the Buckeyes and other Big Ten programs.