In addition to furloughs for employees on the business side of the organization, football operation employees on the New York Jets are facing 25% salary reductions if there is a lockout, Jenny Vrentas of The Star-Ledger reports.
According to Vrentas, the reductions extend to head coach Rex Ryan and general manager Mike Tannenbaum.
Lockout clauses in the coach's contracts make reductions of up to 50% possible if the lockout last three months, and termination if the lockout reaches six months.
Vrentas adds that the Jets are one of three teams that have recently elected to opt out of the league's pension plan, which includes 401k contributions and the Rule of 75, which allows for early retirement for coaches over 58 whose years of service and age equals 75.
A Jets spokesman is in the process of putting their own pension plan in place.
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