The New Jersey Devils and Philadelphia 76ers have cut salaries for employees making more than $100,000 and put them on a four-day work week as the franchises deal with the impact of the coronavirus.
Harris Blitzer Sports & Entertainment chief executive Scott O'Neil announced the decision on Monday in a letter posted on the Devils' website.
The cuts are scheduled to last for three months and will amount to roughly 6% of the employees yearly salary if the pandemic subsides.
The Devils of the NHL and the Sixers of the NBA are owned by Josh Harris and David Blitzer, who are the founders of HBSE.
O'Neil said the teams plan to enter into additional partnerships in Philadelphia, Camden and Newark to assist our neighbors with food and resource distribution during the public health crisis.
The NBA suspended its season on Mar. 11 because of the coronavirus. The NHL did the same thing the following day.
The Devils (28-29-12) have 13 games left in the regular season and likely will miss the playoffs if the season resumes. The Sixers (39-26) have the sixth best record in the Eastern Conference and were on track to make the playoffs.