Serie A to impose 33-percent pay cut for players, coaches

Photo by Daniele Badolato - Juventus FC/Juventus FC via Getty Images
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Serie A announced on Monday that it has agreed a 33-percent pay cut for 19 of its 20 clubs’ players and coaching staff for as long as the league’s coronavirus suspension lasts.

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Juventus was the lone club to abstain from voting on the measure after previously agreeing to cut its players’ salaries by an amount equal to the monthly wages of March, April, May and June.

The league said in a statement that the reduction in wages paid to players and coaches was “necessary to safeguard the future of the entire Italian football system.”

“The intervention … foresees a reduction of one third of the total gross annual salary in the event that it is not possible to resume sporting activity, and a reduction of one sixth… if the remaining matches of the 2019/2020 season can be played in the coming months.”

The statement also reiterated all sides’ desire to continue and compete the 2019-20 season once it is deemed safe for all involved parties to do so.

“There is a confirmed willingness to bring this season to an end and to get back to playing, without running any risks, only when the sanitary conditions and the government’s decisions will allow so.”