Tom Coughlin, Lovie Smith awaiting new contracts

In the event of a work stoppage, the New York Giants are not going to be putting any employees out on the street.

President and CEO John Mara said no cuts are planned within his organization after meeting with the NFL’s Competition Committee.

“We met with our entire staff, both football and non-football a little over a week ago and told them we were not planning any layoffs, any salary cuts, any furloughs,” Mara said, according to Mike Garafolo of the Newark Star-Ledger. “There would be a hiring freeze and there’s a salary freeze for the moment. That will be revisited at a later date. We’ll see where we are a few months from now.”

It’s a tricky subject, especially for some of the family-owned operations in the league. The salary freeze won’t likely affect one employee. Tom Coughlin is expected to receive a contract extension and Mara indicated that remains in the works. In fact, he said “sooner rather than later.”

Mara is not the only head coach looking for a new deal as the end of the league year nears. Chicago Bears general manager Jerry Angelo announced Jan. 24 that Lovie Smith, who is signed through 2011, would be extended. Now, more than a month later, the team has yet to finalize a deal. It would be interesting if teams would want to officially sign a coach during a work stoppage. Maybe deals for both coaches come before the clock strikes 12 on March 3.

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Brad Biggs covers the Bears for the Chicago Tribune

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