January 18, 1975, Tom Seaver agrees to take a 20% pay cut. He made a record $173,000 last season and he takes a $34K pay hit after winning only 11 games in 1974.
He said the decision was made after a meeting with M. Donald Grant. “I wasn’t disturbed by the cut. The club has been very good and honest with me. They paid me well and I didn’t pitch up to that amount.” Seaver will bounce back with a 22 win campaign and lead the league with 243 strikeouts to win the National League Cy Young Award for the third time.
I would start regularly watching pro sports if this happened these days.