NFLPA chief Smith earns $2.95M
NFL Players Association Executive Director DeMaurice Smith earned $2.95 million in the union’s fiscal year ended Feb. 28, 2014, according to the NFLPA’s recently filed tax return. That amount is up from $2.8 million in the year-earlier period, according to the tax return.
|NFLPA Executive Director DeMaurice Smith (left) talks with Ravens owner Steve Bisciotti.
Additionally, Smith, who faces a re-election contest next month, earned no bonus in the most recent pay period, the second consecutive year that’s been the case. For the year ended Feb. 29, 2012, the union paid him a $1.5 million bonus, helping him earn $3.45 million that year, his high-water mark since he became executive director in 2009.
The next highest-paid executive at the NFLPA is managing director Ira Fishman, who earned $790,731 in the most recent fiscal year, according to the tax return.
The return also shows the NFLPA netted a $26 million surplus, which helped replenish reserves that had gone down during the labor strife of 2010-11. Total assets at the end of fiscal 2014 were $241 million, up from $223 million a year earlier, according to the return. Assets had fallen to $167 million as of Feb. 29, 2012, according to the union’s tax returns.
Of the NFLPA’s $65 million in revenue reported for the most recent fiscal year on the return, that sum includes $19 million in player dues, $32 million in royalties, $2.6 million in agent fees, and $10 million in dividends, interest and profit from the sale of securities.