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NFL owners will make large payment to players

Posted on: March 30, 2011 7:28 pm
 
Posted by Josh Katzowitz

NFL owners will make a rather large payment to their players Thursday, completing their obligations for the 2010 season. In a release, the NFL announced it will deposit $177 million for players’ benefits into a BNY Mellon bank account, bringing its total contribution to $245 million.

NFL Labor
Among those benefits include “the pension plan, group medical insurance, the disability plan, and the ‘88’ program for retired players with dementia or related conditions.”

“NFL ownership is proud of the outstanding benefits that NFL players have enjoyed in recent years and the improvements that have been made for retired players,” said Panthers owner Jerry Richardson, a former NFL player, in a statement. “We have more work to do, especially for the retired players, and look forward to further improvements being part of the new NFL Collective Bargaining Agreement.”

It seems like this is just another release intended for positive PR, as if the owners’ generosity compelled them to spontaneously give a ton of money to the players. But, under the terms of the CBA that expired earlier this month, owners paying players this money was part of the deal.

As the statement released by the NFLPA reads, "NFL players would like to thank the NFL for issuing a press release touting their contractual and legal obligations.”

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Category: NFL
Comments
hgtrerte
Since: Dec 2, 2011
Posted on: December 7, 2011 6:32 am
This comment has been removed.

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Since: Dec 2, 2011
Posted on: December 5, 2011 7:04 am
 

NFL owners will make large payment to players

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Since: Oct 28, 2006
Posted on: March 30, 2011 9:30 pm
 

NFL owners will make large payment to players

Big deal, my work did the same thing last year...oh wait....they bought pizza. 177 million! I can see why the players are pi$$ed, who can retire with those kind of funds. What the players keep forgetting is that they don't OWN the teams, and when they're gone another employee will step up and whoever reitred will fade away. Nobody's bigger than the game.



Since: Dec 11, 2009
Posted on: March 30, 2011 8:39 pm
 

NFL owners will make large payment to players

Dan,

The players will be giving NOTHING to the former players.  Heck, half of these thugs don't know who Walter Payton was.  "I want all of yours and will give zero to the retired players."  The players will live and die by that motto.  But its like that in every sport, so....




Since: Aug 23, 2006
Posted on: March 30, 2011 8:03 pm
 

NFL owners will make large payment to players

That's great of the owners and it sounds like they'll contribute more.  What share the the existing over paid players willing to contribute?  Or are they all talk?


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