CONTRACT FINALIZED!!!

[George Cantstandya]

(09-08-2023, 07:09 PM)BFritz21 Wrote: NFLPA and all that.

I didn't know about anything else but figured there had to be more expenses coming out of that number (not personal).

If not much more, then great, but that's still a big chunk of money.

Good question about the NFLPA.  I imagine it isn't much especially compared to a $275 million dollar contract.  I did some searching around to try and find more info on dues.  I found this:

https://nflpa.com/posts/nfl-players-have-ownership-in-the-business-of-football

Quote:One thing we stress with our player reps is the importance of this revenue stream as a way to remain financially independent as a union. While most unions run their operations off of member dues, we have the ability to save those dues towards a strike/lockout fund and rely on the revenue generated from our marketing and licensing business to operate the day-to-day of our union.

Quote:However, the real value in our business is our ability to not have to depend on player dues to run our operations, to leverage the valuation of our rights into having a seat at the table with sponsors, and in helping to lift all athletes to both realize and maximize their value.

But then I found this as part of the CBA under Union Security:

https://overthecap.com/collective-bargaining-agreement/article/47

Quote:

---

• Section 1. Union Security
  Every NFL player has the option of joining or not joining the NFLPA; provided, however, that as a condition of employment commencing with the execution of this Agreement and for the duration of this Agreement and wherever and whenever legal; (a) any active player who is or later becomes a member in good standing of the NFLPA must maintain his membership in good standing in the NFLPA; and (b) any active player (including a player in the future) who is not a member in good standing of the NFLPA must, on the 30th day following the beginning of his employment or the execution of this Agreement, whichever is later, pay, pursuant to Section 2 below or otherwise to the NFLPA, an annual service fee in the same amount as any initiation fee and annual dues required of members of the NFLPA.
• Section 2. Check-off
  Commencing with the execution of this Agreement, each Club will check-off the initiation fee and annual dues or service charge, as the case may be, in equal weekly or biweekly installments from each preseason and regular season pay check, beginning with the first pay check after the date of the first preseason squad cutdown, for each player for whom a current check-off authorization (copy attached hereto as Appendix M and made a part of this Agreement) has been provided to the Club. The Club will forward the check-off monies to the NFLPA within seven days of the check-off.
  

So yeah I don't know but I can't imagine any NFLPA dues would be a significant amount of any player's contract or the players would certainly have complained about it. 

So as far as Burrow's take home, taxes take the most, then his max 3% agent cut, and then maybe some NFLPA dues.   Either way he's set for his life and that of his future family.  Great for him and glad the team got the contract done.

Edit:  Wanted to add this regarding any NFLPA player dues, probably just a Hyundai.