Last month, I wrote a column from the NFL scouting combine about the fact that many teams were expected to make their coaches take significant pay cuts in the event of a lockout. Well, the New York Jets, who are owned by Woody Johnson, of the Johnson & Johnson Johnsons, had the dubious distinction of being the first billionaire to start taking money away from his coaches. Another 10 or 11 teams are expected to follow by the end of the month.
I know Johnson’s got major debt service on the new stadium in the Meadowlands that he shares with the Giants. But making his coaches take pay cuts just days into the lockout is disgusting. He could save more money by cutting down on the number of mani-pedis he gets a month.This comes less than 2 months after he laid off 30 employees on the business side of his organization in anticipation of the lockout.
To their credit, the Giants have no immediate plans to follow Johnson’s lead. Neither do the Eagles, who have said they will hold off as long as possible before implementing any staff reductions, furloughs or pay cuts. If they renege on that, we’ll be sure to let you know.
"It’s a little frustrating because, at this point in time, nobody’s losing money," NFL Coaches Association director Larry Kennan told New York Daily News football writer Ralph Vacchiano.