Contracts
Rookie contract signing dates
April 27-29
Date for Unrestricted Free Agents
March 15
5 year max proration
Date that the player insurance plan ends
August 31
2024 NFL Player salary cap
$255.4 million per team
For a veteran a Roster Bonus is considered LTBE under what conditions
If he is a member of his Club’s Active/Inactive roster for the same or a fewer number of games in 2024 as he was for 2023, then the full roster bonus is LTBE for 2024 and counts against Team Salary.
injured player compensation period
Attributes of a Veteran Salary Benefit
4 or more credited seasons
qualifying contract
cap number = minimum salary for player with 2 credited seasons + any additional compensations as defined in CBA
what are the 3 types of disability benefits players can receive
Line of duty, Neurocognitive, 88 Plan
under what conditions are veterans moving expenses covered
trade, claim, expansion draft, team relocation
permanent residence in club city
If a player is removed from a roster during a pay week, when will the unpaid P5 be paid
within 14 days as long as player does not re-sign with same club within 14 days and he does not earn P5 (or P4 practice squad) salary from same club that week or the immediately succeeding week
Percent that players revenue share can exceed
Players’ revenue share may exceed 48% of AR depending on the side of increases in any new media contracts
Split salary
Negotiable in all contracts except exclusive rights offers, restricted free agent or franchise/transition tenders
Seasons on IR do not count for a minimum salary credited season (ARTICLE 26, SECTION 2)
Club contribution amount for the 1st credited season to a players 401K
$1,500
For purposes of calculating Credited Seasons under this
Article only, a player shall earn one Credited Season for each season during which he was
on, or should have been on, full pay status for a total of three or more regular season
games, but which, irrespective of the player’s pay status, shall not include games for which
this player was on: (i) the Exempt Commissioner Permission List; (ii) the Reserve PUP
List as a result of a nonfootball injury; (iii) a Club’s Practice or Developmental Squad; or
(iv) a Club’s Injured Reserve List.
If a club would like to extend a Rookie contract to a fifth year, what must the club do
the Club must give written notice to the playerafter the final regular season game of the player’s third season but prior to May 3 of the following League Year
17th Game Bonus
Players under contract as of February 26, 2020 who remain under the same contract in any season in which the league plays 17 games will receive an additional 1/17th of their base salary (no maximum amount) as a bonus for being on the roster on the date of the 17th game
if base salary is tied to the number of credited seasons for a player the this....
Allows reduction in base salary in future years in minimum salary credited season not earned in prior years
For the player annuity program when can you take the money out
Nonqualified Annuity = earlier of age 45 or 5 years after last CS
Tax-Qualified Annuity = age 35 and 5 years after last CS
Capital Accumulation = age 40 and 5 years after last CS
401k = age 45 if not employed by club
Dates for substance testing
April 20- Aug 9 = all players will be tested for all non-THC prohibited substances
Bonus question: What happens if the player is injured and waived
When a player is waived, it means that their contract is not yet terminated, but rather that they are on a “waiver wire” that makes them available to be “claimed” by other teams.
If another team claims the player, then he joins that team with the same conditions of his current contract. On the other hand, if no team claims him within a certain period of time, his contract is terminated and he becomes an unrestricted free agent.
“Waiving” an injured player is basically informing the league about that player’s injury. The player then goes through the same “waiver wire” above, and undergoes one of two options: a certain team puts in a claim for him, or no team claims him. When he’s not claimed, he reverts back to his original team’s injury reserve list. And then his team decides whether to “maintain” him or “release” him directly with an injury settlement.
Deadline for exclusive rights players
Whenever he wants to play
But no later than the Tuesday after the 10th week of the regular season
If contract contains credited season language in 2024 and player does not earn a minimum salary credit in 2023 then what happens to the 2024 base
2024 base reduces to 795k/470k
Non-Vested Former Player Wellnes Plan
is a Work/Life Resources program providing counseling and other resources for all former players not vested in the Retirement Plan based on Credited Seasons, but who have been covered at any point under the Insurance Plan.
What happens when you convert a P5 salary to a signing bonus
creates “room” in current year, but adds cap charges to future years