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31 March 2011 ~ Comments Off

NFLPA will pay players with lockout fund starting next month

John Nestor – AHN Sports Correspondent

Washington, DC, United States (AHN Sports) – The NFL lockout won’t keep all players from getting paid.

Due to a fund set up by the NFL Players Association , some NFL players will receive up to a maximum of $60,000 beginning on April 15. The NFLPA created a lockout fund with player dues and right’s fees during 2009 and 2010.

The maximum payments to an individual player would total $60,000, to be paid out this offseason during the lockout. If a player was on a 53-man roster for all 34 weeks of the regular season during those two years, then he would be eligible for that maximum, $60,000 payment.

The payements will be distributed in six increments.

The $60,000 is the only payment NFL players will receive during the lockout. Base salaries aren’t paid until the regular season over 17 weeks and all bonus payments (roster, option, workout) are held up until the lockout is over.

The NFLPA started contacting players via email about the upcoming payments.

“We are e-mailing you to inform you that the NFLPA Board of Player Directors approved the payout from the Lockout Fund to begin on April 15, in six installments or until the lockout ends,” the email read. In order to start receiving your payments, please fill out the attached direct deposit enrollment form and return it to us with a voided check from your checking account or bank letter verifying the account information. We will e-mail you at the address that you provide on the form when payments are sent to your bank account.

“Please note that any other future payments that you may receive from the NFLPA or NFL PLAYERS Inc (for example player marketing deals or royalty payments) will be deposited into this account and you will be notified via email of the deposit.”

NFLPA executive director DeMaurice Smith said there was a fund established to help players in need at the recent NFLPA meeting. At that time Smith did not define any details regarding the fund or how much players would receive.

Article © AHN – All Rights Reserved

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