Jones reportedly offered 50% pay cut to stay at 2GB
Negotiations between Alan Jones and Macquarie Media are ramping up, with less than two months to go on the broadcaster’s current contract.
Macquarie could find itself in need of a new Breakfast host in July if Jones doesn’t ink a new deal before the end of next month.
News Corp reports that stagnating negotiations have finally taken a step forward, with Macquarie offering Jones a new two-year contract.
The big caveat is that the deal would see the 2GB Breakfast host take in a 50% cut in his salary, dropping his yearly earnings from $4 million to $2 million.
The offer comes amid speculation that Jones’ relationship with management and CEO Adam Lang, in particular, has grown frostier.
The veteran host was reportedly disciplined by Macquarie Media’s board in November of 2018 following a series of incidents stemming from his on-air conduct.
However, Macquarie Media still has the upper hand should they desire to keep Alan Jones.
SMH reports that there is a clause in Jones’ current deal that gives Macquarie a “last right of refusal”, meaning they can make a last minute counter-bid against competitor offers to Jones.