A few weeks after the coronavirus epidemic, forced the suspension of professional sports, reports of sportsmen and teams giving back began to surface.
Some people gave money to their communities, others helped pay the wages of the event personnel, while still others reduced their pay so that there would be enough cash for additional activities.
The Atletico Madrid players and manager Diego Simeone agreed to a wage cut of 70% because La Liga is currently on indefinite hiatus and Spain is in a state of emergency.
The incomes of Barcelona players, who also helped to pay for club employees’ salaries, were cut by 70%. Juventus’ players and manager consented to a four-month wage decrease, which would result in a $105.6 million cost savings for the team in the 2019–20 fiscal year.
Simeone is by far the highest-paid coach in sports, earning a gross yearly pay of around $49.28 million. He will still be paid approximately $14.8 million this season, despite a wage cut of 70%.
Check out Simeone’s rise to the position of the highest-paid coach ever in the following. Simeone had a successful playing career before taking on management. He was just 17 years old when his senior career, which lasted until 2006, began in 1987.
He played for Vélez Sarsfield, Pisa, Sevilla, Atletico Madrid, Inter Milan, Lazio, Atletico Madrid (again), and Racing Club over the course of his career. Simeone was a skilled two-way player who was also tactically astute.
He would make a good boss because of his leadership, intelligence, and strength. Early in 2006, he decided to retire, and nearly immediately after, he was hired as the manager of Racing Club, his last team.
Simeone visited Racing Club (twice), Estudiantes, River Plate, San Lorenzo, and Catania during his six coaching visits from 2006 to 2011. Atletico Madrid unveiled him as its new manager on December 23, 2011.
On two different times, Simeone returned to the team he had previously played for. The brand-new boss started working right away. In 2012, 2018, the Spanish Cup, and the 2014 Spanish league championship, he guided his side to victories in the Europa League.
Additionally, in 2014 and 2016, he led his team to two runners-up places in the UEFA Champions League. In 2017 and 2019, Simeone agreed to contract extensions, and his most recent agreement gave him the substantial salary he now receives.
The highest-paid player on the team and the second-highest-paid coach in soccer, Pep Guardiola of Manchester City, earn less than half as much as he does. Simeone is in a strong position due to his extensive coaching career in La Liga as well as his record of success on the field.
Due to his ability to easily present a list of other clubs that are interested in his services, he is able to negotiate astronomically high pay. Simeone has also received numerous coaching accolades. He was named La Liga Coach of the Year in 2012, 2013, and 2015, as well as European Coach of the Season in 2011–12.
Simeone’s record with Atletico Madrid as of this article is 288 victories, 79 defeats, and 113 ties. However, the manager has already returned to coaching after contracting COVID-19 in September 2020. He is now aiming to win additional championships for his club.