Derek Jeter to Reportedly Give up Marlins Salary Indefinitely in Awesome Gesture Amid COVID-19 Crisis
By Adam Weinrib
While many across this country have encountered recent financial strain that they never could've anticipated, some of our nation's executives and leaders have taken great strides to help out.
In an effort to release the burden from some of his lower-level employees, Miami Marlins CEO Derek Jeter has taken the lead, forgoing his $5 million salary indefinitely so that his organization can remain viable.
Derek Jeter is reportedly giving up his $5M Marlins salary indefinitely due to the coronavirus crisis.https://t.co/j8Gk6STojb
— WFAN Sports Radio (@WFAN660) April 20, 2020
There are pay cuts, and then there are complete salary pauses that provide great relief to those less fortunate. No matter how you slice it, Jeter is doing a great service for the Marlins organization here.
Per Jeter, other Marlins executives took cuts as well in an effort to ensure that all members of the organization would be paid through May 31, the looming date that MLB sources have been willing to extend themselves to thus far.
Another team that has committed to paying baseball-operations employees through May 31: The Boston Red Sox, per sources.
— Jeff Passan (@JeffPassan) April 20, 2020
Some teams continue to have concerns about cash flow. An option: to furlough employees with lower salaries who could be made whole via unemployment benefits.
Just 24 hours after Rob Manfred cleared a path for teams to begin to furlough less essential employees in the coming weeks, it's inspiring that many of the game's top earners are still finding drastic ways to keep the fabric of the game employed during unprecedented, difficult times.