Employee furloughs at Arizona State University

I've been crazy busy with a new position here at work, so I haven't been able to indulge myself in the luxury of ranting and raving on the internet (except for 140 characters at a time, on twitter). But the article linked from the title above caught my eye, and then the following quote from that article made me laugh out loud:

Faculty members will take furloughs on days they don’t teach class...

I wonder if this means that faculty can refrain from grading on those days and hand things back late. Seriously, about the only thing this frees faculty from, I suppose, is going to meetings. And, considering that meetings are scheduled in the cracks between the various members' classes, that's probably not even true.