PCAOB to Implement Budget Cuts and Pay Reductions in 2026
The Trump administration plans to reduce the pay of US audit regulators, impacting oversight agencies and potentially affecting regulatory standards.
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Pay Cut
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Majority of Workers Willing to Take Pay Cuts for Remote Work, Study Finds
A Harvard-led study finds that workers are willing to accept up to a 25% pay cut to work remotely, highlighting the high value placed on flexibility despite ongoing return-to-office mandates by major companies.
Adam Thielen's Return to Vikings and Leadership Qualities Highlighted
Adam Thielen, a Minnesota native and former Vikings star, took a significant pay cut to return to the Vikings from the Panthers, demonstrating his desire to play in his home state despite financial sacrifices.
Taylor Heinicke Restructures Contract with Falcons
Taylor Heinicke has agreed to a pay cut with the Atlanta Falcons for the 2024 season, reducing his base salary from $5 million to $1.21 million and making other adjustments that result in over $4 million in cap savings for the team. Despite the pay cut, Heinicke is expected to remain as the No. 2 quarterback on the Falcons' depth chart.
"RFK Jr. Considers Aaron Rodgers for 2024 Running Mate"
Aaron Rodgers, the Green Bay Packers quarterback, could face a significant pay cut if he were to become the vice president under independent presidential candidate Robert F. Kennedy Jr.'s campaign. Kennedy's team has confirmed considering Rodgers as a potential running mate, and if elected, Rodgers would earn less than his NFL salary. However, no official decision has been made, and Rodgers has not commented on the possibility.
Arik Armstead to be Released by 49ers After Declining Pay Cut
The San Francisco 49ers are set to release defensive lineman Arik Armstead after he declined a pay cut, making him a free agent for the first time in his nine-year career with the team. Despite never making a Pro Bowl, Armstead has been a solid contributor with 33.5 sacks and was particularly impactful in the playoffs. His refusal to take a pay cut led to the decision, and now he will be seeking a new team in free agency.
"Survey: Many Americans Willing to Take Pay Cut for Improved Work-Life Balance"
A Ford survey found that 51% of American employees are willing to take a 20% pay cut for a better work-life balance, reflecting a global trend of prioritizing quality of life over higher pay. The survey also revealed that workers are open to the idea of artificial intelligence (A.I.) providing career advice, with 60% globally seeing A.I. as a positive influence on work-life balance. As job culture shifts, experts predict changes such as the adoption of a four-day workweek and a hybrid work reality, driven by younger generations entering the workforce. Additionally, more American retirees are returning to work, and there is a growing preference for hiring older workers due to their perceived work ethic and commitment.
Workers Opt for Pay Cuts to Avoid Office Return
An elder millennial, known as Jay, took a $35,000 pay cut to live where he wanted after his remote job required him to live within two hours of the office. Despite being productive while working remotely, Jay had to choose between quitting or transferring to a lower-paying job within the same agency. He eventually left the agency altogether for a new job, but still works remotely and commutes two hours once a week. Jay believes employers should recognize that talent is not limited to a specific office radius and that remote work can be successfully done from anywhere.
Aaron Rodgers Restructures Contract, Takes Pay Cut to Join New York Jets
Aaron Rodgers has agreed to a new two-year, $75m guaranteed contract with the New York Jets, taking a pay cut in an effort to deliver a Super Bowl for the franchise. The deal indicates Rodgers' intention to stay with the Jets beyond this season. The Jets had previously traded significant draft picks to acquire Rodgers, and this new contract gives hope to fans after a 12-year playoff drought.
Aaron Rodgers Restructures Contract, Joins New York Jets
Aaron Rodgers has agreed to a reworked contract with the New York Jets, taking a significant pay cut to help the team. The two-year, fully guaranteed $75 million contract represents a pay cut of $33.715 million from his previous contract with the Green Bay Packers. The reworked deal will reduce the Jets' salary cap and allow them to acquire more talent. Rodgers confirmed the agreement but did not disclose the details. He expressed his intention to play more than one season with the Jets and praised the team's energy and his excitement for the new chapter.
Joe Mixon Takes Pay Cut, Restructures Contract with Bengals
Cincinnati Bengals running back Joe Mixon has taken a pay cut of $4.39 million in 2023 and a $4.67 million pay cut next year as part of his reworked deal with the team. His base salary for 2023 is now $5.51 million, down from roughly $9.4 million. The Bengals' decision to restructure Mixon's contract has allowed them to save significant cap space as they prepare to negotiate extensions for other key players on the team.
Joe Mixon Takes Pay Cut, Restructures Contract to Remain with Bengals
Cincinnati Bengals running back Joe Mixon has agreed to a pay cut, accepting a new deal that will pay him a base salary of just under $6 million with incentives that could earn him up to $8 million this season. Mixon's decision comes as running backs face financial challenges in the league, and he opted to re-work his contract to avoid a similar fate as Dalvin Cook and Ezekiel Elliott, who were released from their expensive contracts and are currently free agents. Mixon, a second-round draft pick in 2017, had 210 carries for 814 yards and seven touchdowns last year.
Russell Westbrook Shocks NBA with Record-Breaking Pay Cut to Remain with Clippers
Russell Westbrook has taken the biggest pay cut in NBA history, signing a two-year, $7.9 million deal with the Los Angeles Clippers after making almost $47 million last season. Despite the possibility of earning more money elsewhere, Westbrook's fit with the Clippers, his hometown team, was better on multiple levels. He provided speed and rim pressure to their offense and will play a significant role next season, potentially alongside former teammate James Harden.
Frank Clark Joins Broncos After Departing Chiefs.
Frank Clark, former edge rusher for the Kansas City Chiefs, says he holds no hard feelings towards the team after being cut due to his high salary. Clark had previously taken pay cuts to stay with the team, but was not willing to do so again. He has since signed with the Denver Broncos. Clark had a successful four seasons with the Chiefs, making the Pro Bowl three times and recording 23.5 sacks and 59 quarterback hits.
Kevin Byard's OTA Absence Adds to Titans' Offseason Struggles
Tennessee Titans' safety Kevin Byard was asked to take a pay cut this offseason, and while he didn't want to talk about it, he did say that he plans to let his agent and the organization handle things. This situation, along with recent drama surrounding other important players on the team, suggests that something is amiss with the Titans. Byard has been a standout player for the Titans and his leadership and buy-in are exemplary, but the Titans need to avoid releasing him as he means too much to the team.