#Roger goodell salary 2021 professional#

The organization’s net assets held steadier, however, sliding 3.4 percent to $1.19 billion as expenses also declined. According to the tax return, revenues slipped from $1.54 billion to $1.16 billion. Those events largely did not have spectators, leading to revenue losses. And under Monahan in 2020, the PGA was one of the first to return after society all but shut down in March of that year.

Goodell’s first deal in 2006 was structured this way, Hughes said, and the packages have just become more incentive-laden since (in 2017, Cowboys owner Jerry Jones rallied against his commissioner’s next contract, which made the current deal even more incentive-reliant).Īs a result, Goodell was paid handsomely in 20 for spearheading a new collective bargaining agreement and the league’s new media deals.

#Roger goodell salary 2021 professional#

Korn Ferry commissioned a study in 2018 of top sports leaders’ compensation, Hughes said, and found nearly all leading professional sports organizations paid their commissioners and top executives largely with bonuses and incentives. Similarly, just under $620,000 of Price’s package is salary, with the remaining bonus and retirement benefits. The rest is almost all incentive pay and bonus. Only $805,583 of that is salary, the category that was affected by his pay hiatus during the pandemic. Monahan’s $14.1 million sum listed in the tax return includes $2.8 million of incentives that were scheduled to be paid out after 2020 if he achieved certain business metrics and an actuarial estimate of $3.1 million earned in post-retirement benefits.Īs a result, the tour said while IRS rules require it to disclose all the numbers under 2020 compensation, the truer amount of his pay is $8.2 million. The NBA has never filed as a nonprofit, so the pay of its executives has not been public, but one source said commissioner Adam Silver’s pay is well north of Manfred’s. Media reports about MLB commissioner Rob Manfred taking a pay cut in 2020 pegged his pay at $11 million, though a source said he is now earning at least twice that. The NFL and MLB shed their league office nonprofit status in the last decade, in part to shield executive pay figures from the public. The PGA Tour is structured as a nonprofit, so it is required to disclose its tax return, which includes breakdowns of the top compensation paid to top executives. The NFL, for example, is at around $16 billion of revenue, while the PGA is around $1.5 billion.

Monahan is paid less in total than the big sports league commissioners, though as a percentage of revenue he is likely at the top. “This committee utilizes an independent compensation consultant to advise them in determining the appropriate amount of compensation for the commissioner based on the competitive market … a substantial portion of the commissioner’s annual compensation (approximately 90 percent) is at-risk and subject to his performance against objectives established by the Management Development and Compensation Committee.” “The commissioner’s compensation is determined by the Management Development and Compensation Committee of the PGA TOUR Policy Board,” Price wrote in an email. Similarly, Monahan announced in March 2020 that he would forgo his salary, other PGA executives would see their pay cut and the rest of the more than 1,100 employees would have their pay frozen at 2019 levels. The New York Times reported last October that Goodell earned $63.9 million in the 2019-2020 fiscal year (and again in the 2020-2021 fiscal year when he took his pay cut). The general thesis for commissioner pay is “base salary and a significant amount of bonus, probably up to six to eight times what your base salary is,” said Jed Hughes, vice chairman with executive recruiter Korn Ferry where he oversees the sports practice. These elements were unaffected by the high-profile salary-cutting. But what they did not say is that little of their compensation is paid in salary, but instead in incentives, bonuses and benefits packages like retirement accounts. These were viewed as moves to convey that the leaders of sports would feel the pain of the pandemic’s economic devastation and that they understood their businesses were suffering.