NFLPA Advises Agents To Tell Clients To Prep For Work Stoppage
NFLPA Exec Dir DeMaurice Smith this morning sent an email out to all NFL agents advising them to encourage player clients to save money in the event of a work stoppage. "With a possible work stoppage less than two years away, this is the opportune time to set up a structured and organized savings and budgeting plan with your clients," Smith wrote. "I can’t stress enough the importance of having our player members in a sound financial situation should a work stoppage occur. We are advising players to plan for a work stoppage of at least a year in length. We are also encouraging all players to save 50% of their salary and bonuses and to save the entirety of their Performance Based Pay amounts they should earn over the next two regular seasons." The NFL and NFLPA announced in April they would begin discussions for a new CBA, and the N.Y. Times today reported the first two bargaining sessions did not have the rancor that was on display in the last labor dispute. The current CBA expires after the '20 season.