The Baltimore Ravens, like most teams, are feeling the financial impact of the NFL lockout. According to a league source, Ravens employees have taken a 25 percent pay reduction since the lockout began on March 11.
The cuts include everyone, ranging from coaches and those in the front office, all the way to the secretaries and support staff. The caveat is if the NFL plays a full 16-game season in 2011, which remains a good possibility, Ravens employees will be reimbursed for their lost wages.
This is Baltimore's way of weathering the financial storm without losing employees while the league has completely shut down. There have been no layoffs in Baltimore, but the team currently is in a hiring freeze until the lockout is lifted.
As of Friday, the lockout is in its 66th day and counting.