Players Told to Save For Possible Lockout
The NFL Players Association has advised players to save at least 25 percent of their salaries in each of the next two seasons to protect against the possibility of a lockout by the sport's franchise owners in 2011.
The union calls the program "25/25" and announced it on its website today.
"It's essential that players are financially prepared to withstand the loss of income due to a lockout," Dana Hammonds, the director of the union's financial programs and advisor administration, said on the website. "A financially sound membership represents a strong bargaining group."
The owners and players' union are negotiating a possible extension of the sport's labor deal, which expires following the 2010 season.
"If you can save more, all the better," New York Giants center Shaun O'Hara, his team's union representative, said on the union's website. "It's a good opportunity to give guys direction and a tool to better serve them in the future. Having the ability to plan two years in advance will alleviate a lot of stress down the road."
By
Mark Maske
|
July 14, 2009; 7:57 PM ET
| Category:
League
,
Union
Share This: Email | 
Technorati
| Del.icio.us | Digg | Facebook
Previous: Falcons Add Four Investors |
Next: Suggs Agrees to Deal With Ravens
Posted by: shamken | July 15, 2009 4:00 PM
If they save this much, then they won't be able to afford their bling, add'l cars, houses, and mistresses.
Another reason the NFL should increase the salary cap :)
Posted by: fearturtle44 | July 15, 2009 11:46 AM
The comments to this entry are closed.
Sound like another hater. Have you played Football FEARTURTLE44? If so you know in one play it could be over.
This is a smart Idea even though it's came from another person first, now the union acting as though it's there Idea.