The clock is ticking for the NFL and the NFLPA to figure out how things will work out for the 2020 season.
According to the NFL Network, the league has proposed that 35 percent of 2020 player salaries “be held in escrow” in order to help manage costs.
Essentially, a third of player salaries would be deferred until conditions get better.
The proposal is described as an option on the table if revenue is impacted by COVID-19, though it’s hard to envision players agreeing to such a deal.
NFL agent Caitlin Aoki reacted to the news with a bunch of laughing emojis:
😂😂😂 good one https://t.co/3KQA4Ws5Ll
— Caitlin Aoki (@CaitlinAoki13) July 7, 2020
Agent CJ Laboy is not having it.
This isn’t it. https://t.co/VWz9sh2i0z
— CJ LaBoy (@CJLaBoy) July 8, 2020
Same goes for agent David Canter.
NFL; “hey guys go risk your life and your families lives while we fly in our private jets and sit in our private sky boxes and watch you possibly die for our profits and entertainment. Also let us hold 35% of your money and keep the interest and profits!” Sure Jan https://t.co/j8SH6iORjn
— DEC Management (@davidcanter) July 7, 2020
Agent Murphy McGuire chimed in as well.
I think it is beyond comical that the league is potentially asking the players to take a pay cut to make up for lost revenue. That is the LAST thing they should be doing. https://t.co/UFfqpxeq5E
— Murphy McGuire (@Murphy_McGuire) July 7, 2020
And this is from agent Drew Rosenhaus:
This is an absurd ask by the NFL. If anything the players deserve a bonus for playing with the added risk of contracting Covid 19 and potentially passing it on to their families. https://t.co/4REP0ToP4E
— Drew Rosenhaus (@RosenhausSports) July 7, 2020
To make up for lost revenue, the NFL should allow clubs to be more aggressive with advertising, sports books, etc. The answer is definitely not to ask players to take a pay cut.
— Drew Rosenhaus (@RosenhausSports) July 7, 2020
The league is facing potential revenue loss from no fans in the stands and two (or no) preseason games. The NFL could be looking at a $3 billion loss by just playing games with no fans.
NFL owners recently approved allowing teams to cover seats closest to the field with a tarp and allow teams to sell advertising on them. That is expected to be one way to recoup some of the money they expect to lose.
NFL training camps are scheduled to open in three weeks. A bunch of questions have to be answered by then.
Follow @MySportsUpdate on twitter for all the latest info from around the NFL.
Be the first to comment