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 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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