LUBBOCK, Texas (AP) — Texas Tech will eliminate 40 positions from its athletic department and reduce the salary of many remaining employees in the face of an expected $25 million reduction in revenue over the next year.
The cuts are a result of the coronavirus pandemic.
They were announced on the final day of the fiscal year for the department, and are expected to save Texas Tech roughly $4.5 million.
Employees with annual salaries of $30,000 or more will see reductions of up to 14% in their pay.
Those making less than that won’t have their salaries reduced.