UPDATE (2:53 p.m.): Josh Harris changed his mind and said says employees will get full pay during the coronavirus stoppage. Read more about that here.

The reported net worth of Devils and Philadelphia 76ers principle owner Josh Harris is $3.7 billion.

That’s billion with a B.

Harris’ coronavirus-related threats to many of his employees also are ruthless with R and heartless with an H.

All of Harris’ salaried, full-time employees making at least $100,000 have been notified that their pay will be temporarily cut beginning in April due to the NHL and NBA seasons being stopped because of the coronavirus pandemic. Also, those employees will move to four-day work weeks.

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Employees making $125,000 or more may lose up to 20 percent of their pay.

A report by ESPN.com stated Harris employee making $50,000 or more would be affected, but a Devils’ spokesman contacted NJ Advance Media to report “the floor is now $100K, not $50K.”

Here is a statement from Devils/SIxers CEO Scott O’Neil:

“As we navigate this evolving COVID-19 environment, we are mindful of the long-term impact the suspension of live events and games will have on our organization and industry. To ensure we can continue to support and operate our businesses during these uncertain times without reducing our workforce, we are asking our full-time, salaried employees to temporarily reduce their pay by up to 20 percent and move to a four-day week.

"In addition to supporting our people, we are committed to playing an ongoing role in funding efforts to help the most impacted residents in our home cities. In the coming days, we will enter into additional partnerships in Philadelphia, Camden and Newark to assist our neighbors with food and resource distribution during this public health crisis.”

That statement indicates Harris is cutting pay from his non-contracted workers “without reducing our workforce.”

But even if Harris saved $1.85 million with his cuts - a figure that seems very high - that would be just 0.25 percent of his net worth.

And Harris is cutting a lot of his workers’ pay at a time when the country is dealing with one of its biggest crises ever.

Again ...

Ruthless and heartless.

NBA players reportedly could lose money, too, beginning in mid-April.

Here’s what ESPN.com reported:

“In a memo sent to teams Friday, the NBA said it plans to deliver players their full salaries due on April 1. But the league left open the possibility of recouping future salaries for canceled games on April 15 based on the force majeure provision in the collective bargaining agreement.

“Force majeure allows for the withholding of 1/92.6 of a player's seasonal salary per canceled game based upon catastrophic circumstances. The provision encompasses several scenarios, including war, natural disasters and epidemics/pandemics. (For the purposes of force majeure, the league considers each team to have played five preseason games, 82 regular-season games and 5.6 playoff games.)”

Harris, 55, became principal owner of 76ers in July 2011 and the Devils in August 2013.

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Randy Miller may be reached at rmiller@njadvancemedia.com. Follow him on Twitter @RandyJMiller. Find NJ.com on Facebook.