Wednesday, May 11, 2011
Miami owner manages to get less popular
Miami Dolphins owner Stephen Ross, estimated by Forbes to be worth $3.1 billion, has decided to slash employee salaries.
Miami Herald reporter Jeff Darlington wrote the Dolphins are blaming the lockout and economic uncertainty for the decision to reduce pay by 20 percent for any team employee making more than $75,000, 15 percent for anyone making between $50,000 and $75,000 and 10 percent for anyone making under $50,000.
Pay checks will return to normal when the lockout is over.
This is another in a long line of unpopular moves Ross has made in the past year. His local Q-rating might be lower than Cam Cameron's or Pat White's.
The starry-eyed Ross has surrounded himself with celebrity investors and turned parts of Sun Life Stadium, including some of the press boxes, into nightclub-style suites that divert the focus from football. Ross last year predicted the Dolphins would go to the Super Bowl and suggested Chad Henne would become more successful than Dan Marino or Bob Griese in Dolphins history.
After a failed season in which the Dolphins won a single home game, Ross and general manager Jeff Ireland flew cross country to court Stanford coach Jim Harbaugh, while still-employed head coach Tony Sparano twisted back in Davie, Fla. The episode was a national embarrassment for the Dolphins.
Two months ago, Forbes ranked Ross the 362nd-richest person on the planet and second among all NFL owners. He was behind only Seattle Seahawks owner and Microsoft c0-founder Paul Allen.
In 2010, the financial magazine ranked Ross 277th at $3.4 billion.