Fehr receives first Michael Weiner award Labor & Agents: MLB talks progressing Labor & Agents: Lining up NBA prospects For Roc Nation: new agent, No. 6 pick Labor & Agents: Wild ride for Rep 1, QBs Segal, France extend streak Labor & Agents: CAA's UFC signees Jockeys add Derby deals Marketing Missy Franklin Missy Franklin sponsors jumping aboard
Upcoming Conferences and Events
May 31 - Jun 2
SBJ/June 10-16, 2013/Labor and Agents
Details of NFLPA settlement with coaches revealed
Published June 10, 2013, Page 8
The two groups sued each other in 2012, with the NFLCA arguing the union would not let it tap into a bank account totaling $308,509.69, and the union contending the coaches owed the players $650,324.88 in loans the NFLPA had granted.
The associations had been cordial in their relations until February 2012, when the coaches elected a new executive director, David Cornwell, who was at odds with the union leadership.
In February of this year, the parties settled their litigation, but neither side would disclose the terms of the settlement. But according to the NFLPA’s annual report: “The NFLPA reached an agreement with the NFLCA to recover $308,510 and extinguish the remaining $341,490.”
The sum of those two amounts, $650,000, suggests the NFLPA kept the bank account the coaches had been seeking to use but forgave the remainder of the alleged debt.