I don’t know what the percentage is, but there are quite a few NFL players who live over their heads from a financial perspective. Players are paid every week of the season, so they are required to properly manage their money so that it will at least support them throughout the year.
Despite making millions of dollars, many players mismanage their money are unable to make it to the next season without borrowing money from a bank or from the team. Many of NFL players are supporting their parents, siblings and others.
You can believe that they’re going to face tremendous pressure if there’s a lockout.
In addition players are now making hundreds of thousands to workout at the team facility during the off season. Although the workout money isn’t at the same level as their salaries, players will miss it severely if it’s cut off.
That report about a teammate asking Eagles rookie defensive end Brandon Graham for $100,000 dollars because the player didn’t have the money to survive a lockout is the reality of the situation.
The players who aren’t prepared for a lockout have nobody to blame but themselves because they’ve been forewarned by the NFLPA for years to put money away in case there was a lockout.
Of course the owners are aware of the financial habits of their players and they were probably emailing the story about Graham to each other. That’s why I think these current talks are bogus. They’re being done by the owners for public relations and public relations alone. Yesterday, Dallas Cowboys owner Jerry Jones, New England Patriots owner Robert Craft, New York Giants owner John Mara, Carolina Panthers owner Jerry Richardson and a number of other NFL owners made sure they showed their faces at the meetings in Chantilly, Virginia as a way of saying to the nation, “We’re trying”.
As I see it, there’s little chance of the owners and players coming to an agreement before the lockout begins at midnight tonight.
NFL Commissioner Roger Goodell, NFL Players Association Executive Director DeMaurice Smith, and a number of NFL owners and players met yesterday with federal mediator George Cohen but they remain at an impasse. They’ve got 15 hours to get a deal done or the Collective Bargaining Agreement expires.
The main sticking point is the battle over how the $9 billion dollars of revenue which the NFL brings in each year, will be split up. Of course the owners want more of the pie. They feel the deal that they agreed to in 2006 isn’t fair. They want the players to contribute to the monies needed to build new stadiums.
The word on the street is that the owners know that the revenue is going to get much higher than it is now because of advancements in technology, namely cellphones, so they want to put themselves in position to rake in those extra dollars. They don’t want to share that windfall with the players.
Imagine if the NFL was getting a dollar from each of those fans. That’s where the NFL is headed. Plus they’re planning on expanding to other countries. A number of owners said publicly they were willing to sacrifice this season in order to change the CBA.
The players on the other hand would have no problem if everything stayed as it is, but they’re going to have to stand strong and battle in order to keep things status quo.
The ruling by U.S. District Court Judge David Doty was a win for the players, but the judge still has to rule on what needs to be done with the $4 billion dollars which the owners are supposed to receive from the networks if there’s a lockout. He could force the owners to share those monies with the players.
The players association is also considering decertifying their union, as a way to attack the NFL’s vulnerability to anti-trust legislation.