4 hours ago
(6 hours ago)George Cantstandya Wrote: I've seen this article brought up several times. But Florio never followed up on it as far as I know. See near the end of the article:
Then nothing more on the topic from him that I saw which seems odd as that is the kind of thing he tends to get obsessed over IMO.
Edit: After more digging I did see this posted by him the next day. But can't find any more on the topic.
It just seems odd to me if there is not an escrow requirement that it hasn't been discussed more by the sports media outside of a few posts on PFT.
No one has ever been penalized nor has anything ever been brought up about a team not putting money in escrow. It's also not an 'nfl law' that it has to be done.
The wording in the CBA says "The NFL may require..."
Section 9. Funding of Deferred and Guaranteed Contracts: The NFL may require
that by a prescribed date certain, each Club must deposit into a segregated account the
present value, calculated using the Discount Rate, less $15,000,000 (the “Deductible”), of
deferred and guaranteed compensation owed by that Club with respect to Club funding
of Player Contracts involving deferred or guaranteed compensation; provided, however,
that with respect to guaranteed contracts, the amount of unpaid compensation for past or
future services to be included in the funding calculation shall not exceed seventy-five
(75%) percent of the total amount of the contract compensation.
https://nflpaweb.blob.core.windows.net/website/PDFs/CBA/March-15-2020-NFL-NFLPA-Collective-Bargaining-Agreement-Final-Executed-Copy.pdf Page 177
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