Depends. If I was the highest paid in my profession and was making 200% more the others in my field were making, a 30% 'cut' might still be higher then I could get elsewhere.
Depends on if they wanted to cut my pay from 8 million to 5 million or I could go and get a real job say at $50,000 a year with the rest of us.
I have zero sympathy in cases of multi-millionaire entertainers getting a cut.
I’m calling BS on that. It wouldn’t depend on anything. If your boss walked up to you right now and asked you to take a 30% pay cut that’s him say you’re over paid, and if you say yes that’s you admitting he’s right. All that crap about how much he’s making compared to others is just more class envy BS. They asked him to take a 30% pay cut and they didn’t even offer to negotiate, it was a take the cut or go away, and that IS an insult and the fact that Torre is smart enough to know it shows he’s smarter than them.
>> Depends. If I was the highest paid in my profession and was making 200% more the others in my field were making, a 30% ‘cut’ might still be higher then I could get elsewhere.
True ... but if you’re an established multi-millionaire, you wouldn’t need to deal with the insult of a reduced contract offer.
In this respect, he’s a little like Roger Clemens. He’s rich enough that the money itself isn’t as important as what it represents. I’m convinced that Clemens took the money from the Yankees, not for the money itself ... but for the fact that the astronomical offer is an acknowledgement of his greatness as a pitcher, and a means of comparing favorably himself to pitching talent throughout the league. He’s the highest paid pitcher in the history of baseball ... that means something.
Likewise for Torre. He doesn’t need the $5M, and he’d rather not accept a pay-cut (and the insult that a paycut represents), for money he doesn’t need.
If you were worth millions, and really didn’t need to work another day in your life ... would you accept an insulting pay cut? He doesn’t need the Yankees, or their money ... so why deal with the insulting contract offer?
H