Even Athletes Take Their Cuts

Mia Hamm did it to save her league. The all-time top scorer in international soccer joined 18 other U.S. female stars in taking a pay cut--in her case a 29% drop, to $60,000--to keep the Women's United Soccer Association alive. Bob Knight did it out of shame. The Texas Tech basketball coach gave back his $250,000 base salary to pay penance for his team's disappointing 16-11 regular-season record. Yes, folks, even the money-charged world of big-time sports is getting into the salary-cutting game.

In Major League Baseball, the median player salary is down 10% this season. Pitcher Kenny Rogers declined a...

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