The 76ers just got shamed out of reducing salaries by 20 percent for certain employees. That appeared to be a lesson to other big businesses: The savings might not be worth the backlash.
The NBA came to a different conclusion.
Many businesses, including the NBA, have been hit hard by coronavirus-related interruptions. However you measure it, the economy is reeling. More of these tough choices are coming.
People don’t feel a personal connection to most businesses. Sports teams are different, which sparked much of the response to the 76ers.
We’ll see how the NBA gets treated. Starting the pay cuts at the top will alleviate some concerned outsiders.
But remember, though Adam Silver is commissioner, he – and, therefore, his underlings in the league office – report to billionaire owners like the 76ers’ Josh Harris, who just generated so much outrage with his similar decision.