Rangers manager Steven Gerrard said it was a “no brainer” for him, his staff, and the first-team squad to volunteer to defer their salaries for three months.
Executive directors of the Scottish Premiership club will also defer their wages for the same period.
The Glasgow side also intend to furlough “a number of employees” due to the “extraordinary challenges” presented by the coronavirus crisis, but will top up wages to ensure staff are paid in full.
“The players and the directors and staff have shown good leadership and responsibility by doing this voluntarily to defer their wages,” Gerrard told Rangers TV. “I think it was a no brainer and the right thing to do.
“I think it’s important you show respect to all the people at the club whatever your role is, and I think we have shown real good togetherness by doing this.
“I’m very proud of the efforts and support of everyone at the club. I think it was unanimous everyone wanted to do this.”