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Labor and Agents

NFLPA Making Sure Agents Inform Union Of Contract Renegotiations Valued At $2M

The NFLPA is requiring agents to inform the union of renegotiations of player contracts valued at $2M or more at the beginning of contract talks and before agreeing to the deals. The memo, sent to agents yesterday, asks them to contact the NFLPA’s Salary Cap & Agent Administration Department at the beginning of discussions with an NFL club over veteran player negotiations in which the expected final contract would have a value of $2M a year or more. Additionally, the memo asks agents to “provide the NFLPA with the final terms, including all contract language, of any such contract PRIOR to reaching any agreement, oral or written, with an NFL Club on behalf of their player.” The memo reminded agents that they are required to provide the union with an itemized statement for fees charged to player clients, as well as any expenses incurred in representing the players, for the past year. “In prior years, the NFLPA has not actively pressed Contract Advisors to fully comply with this provision of the Regulations,” the NFLPA said. “However, last March the NFLPA Board of Player Representatives passed a Resolution directing the NFLPA to enforce the obligations referenced above, including, but not limited to, by means of disciplinary action for a failure to completely comply. They did so over concerns that information relating to fees contained in documents such as Standard Representation Agreements and attached addendums were not the fees actually charged and collected from players.”

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