The cut of 25 million euros from the initial budget of 59 million euros forced Villeurbanne to make drastic cuts.
Following the departures of Francisco, Thais, Brooks, and Wiler-Babb, Tony Parker offered to cut his own salary by 80%.
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The Spurs legend—who serves as the team’s coach and administrative leader—was set to receive 1.2 million euros for the coming year.
However, according to “Basketnews,” the veteran NBA guard took an 80% pay cut and is now expected to earn just €240,000.
Parker took this step so that he could keep his entire staff by his side and avoid having to lay anyone off.
“It’s important that my entire staff be here. They shouldn’t have to suffer because of what happened,” Parker explained his decision in an interview with “L’Equipe.”
*photo source: AP
