Leeds United players, coaching staff and senior management volunteered for a pay deferral due to the impact of the coronavirus pandemic.
The boss Marcelo Bielsa and his players will give up part of their wages “for the foreseeable future”.
League leaders say the move will ensure that all 272 full-time non-football staff members can continue to get paid.
And the club expects that the effects of the virus will cost it “several million pounds” every month.
“My players have shown an incredible sense of unity and solidarity,” said football director Victor Orta.
“To Marcelo, his staff and all the players, we thank them for putting our largest team first and taking care of the family.”
League leader Leeds has seven points ahead of Fulham in third place as he tries to return to the Premier League for the first time in 16 years.
In addition to postponing Elland Road matches due to the Covid-19 pandemic, Leeds says it will lose money due to the cancellation of events and the “closure of the football financial market”.
Yorkshire club is the latest to announce wage-lowering measures, with Birmingham City asking players to defer half of their wages for four months and League Two Forest Green Rovers saying they will use the government’s wage support scheme to continue pay “all staff”.
Leeds believes that the money saved by the deferral of wages will also mean that “most casual staff” can continue to be paid.
“We are faced with uncertain times and therefore it is important to work together to find a way in which the club can overcome this period and end the season in the way we all hope to be able to do,” said the team of the first team in a common statement.