TVNewser Jobs PRNewser Jobs AgencySpy Jobs SocialTimes Jobs

Sorry, Jim, But You’ll Have To Wait For Your Raise has amended founder Jim Cramer‘s contract, reducing his bonus and delaying the salary increase he was supposed to get on 1/1/2010. Now poor “Mad Money” Cramer will be stuck making only $780,000 through the first half of the year. He’ll have to wait until July 1, 2010 to get bumped up to $936,000 per half year or $1,872,000 annually.

Also, his bonus will be only $1.2 million instead of the $1.4 million he was going to get.

PaidContent’s Rafat Ali notes that has been in cost-cutting mode and this new contract could be a part of their cuts.

It is amazing that delaying this guy’s, uh, 13 percent raise probably lets TheStreet retain five more staffers (we’re just guessing at numbers here). And yes, we know that Mr. Cramer works very hard—look at him! Really, you can’t say this guy isn’t busting his ass. And his vocal chords.

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on Janaury 27  at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!