All articles tagged with #salary cut
Tyler Lockett has agreed to a reworked deal to stay with the Seattle Seahawks, with a two-year, $30 million contract and $13 million guaranteed this year. The wide receiver's previous deal would have counted $26.895 million against the cap in 2024. Lockett, who has been with the Seahawks since 2015, had 79 receptions for 894 yards and five touchdowns in 2023, marking his lowest yardage and touchdown totals since 2017.
BP has formally terminated former CEO Bernard Looney, who resigned in September due to past relationships with colleagues, and has also cut off his salary.
Transportation Secretary Pete Buttigieg visited Ukraine and announced the appointment of a former military engineer, Robert Mariner, as an infrastructure advisor to assist with the country's rebuilding efforts. This comes as Buttigieg faces political pressure at home, with the Republican-run House passing an amendment to slash his salary to $1. The visit aims to support Ukraine's economic recovery and address the impact of Russia's invasion on its supply chains, particularly port and rail infrastructure. The United States has pledged nearly $700 million to help modernize Ukraine's checkpoints, ports, and railways.
James Corden's The Late Late Show was reportedly costing CBS up to $20 million a year, while netting less than $45 million. Corden was earning around $5 million a year to host the program, which was costing between $60 million to $65 million a year to make. If Corden had stayed, he would have faced a multimillion-dollar pay cut and staff reductions. CBS has previously said it tried everything to keep the British actor as host. Corden bid a tearful farewell on his final show last month and may be set for a big-money move to ITV.
Offensive guard Halapoulivaati Vaitai has agreed to a significant pay cut from $9.4 million to $1.21 million to stay with the Detroit Lions in 2023. The Lions have converted the final year of his contract in 2024 to a voidable year. Vaitai is the third player to take a salary cut to stay with the Lions in March, freeing up nearly $7 million in cap room. He is expected to compete for the right guard job this fall with veteran Graham Glasgow.