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    • michael89156

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      Post count: 3229

      Report: NFLPA mulls change on how players get paid Ross Jones FOX Sports JUN 03, 2014 pay_zpsc75ceb06.jpgMatthew Emmons-USA TODAY Sports / USA TODAY Sports DeMaurice Smith was elected the executive director of the NFLPA in 2009.The NFL Players Association is proposing an idea, which would assist players in managing their money by changing the pay cycles of their base salaries, according to a USA Today Sports report. The proposal would mean players would be paid on a bi-weekly schedule over a 52-week calendar year, opposed to the traditional method of 17 weekly checks during the season. Members of the players union are visiting with players during their team’s respective OTA sessions this month to brief them on the proposal, USA Today reported, citing three people with knowledge of the situation.While such an effort is applauded by some, players could argue that it punishes those who know how to properly balance their checkbooks and would likely prevent them from capitalizing on investment opportunities sooner rather than later. The deal would likely include an opt-out for veterans, according to the report. Another proposal, which would enact a three-year deferral of performance-based pay, has been presented by the union liaisons. This would turn performance-based pay (a pool of money which is given to players who get paid the least but play the most) into a benefit, which the player would receive  three years past retirement. The money would give such players an opportunity to figure out their next career step while receiving income in a lower tax bracket. "I voted against delaying performance pay (in 2013)," a team representative said, via the report. "Don't hold money from guys. It is their money (and teams) offer no interest over the three years." The latter proposal would need to be negotiated between the union and the league. Most notably, the Rams have delayed the process in signing the team’s rookies because head coach Jeff Fisher wants to ensure that players are prepared to handle the newfound wealth, a source told Pro Football Talk. With a growing concern over how players spend, the union wants to make sure players are given every opportunity to prolong their success well after their football careers are over.

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    • Anonymous

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      Post count: 5572

      I’m glad they are trying to figure something out to help these guys. Most of them grew up in homes where proper financial management was not a consideration. They need help so they don’t blow through it.

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    • Anonymous

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      Post count: 2601

      I’d be pissed if this meant delaying finally being able to buy a house. But many of these guys are a bit awful at managing money,so it’s probably a good idea.

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    • vlagatta

      Member
      Post count: 2638

      This could be a HUGE problem for players who have already done things the right way and worked with their money managers to establish long terms financial strategies by scheduling planned out allocations and disbursements to a fixed schedule years in advance.  So much so, that I bet this either fails, or ends up being voluntary for an interim period, or perhaps exempts current players.

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    • Anonymous

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      Post count: 9891

      It’s a proposal by the union, right? Who is the union?

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    • Anonymous

      Inactive
      Post count: 3027

      I'm glad they are trying to figure something out to help these guys. Most of them grew up in homes where proper financial management was not a consideration. They need help so they don't blow through it.

      Yeah, if only a multi-millionaire could get someone to help him manage his money. Have you ever dated someone or had a friend that had very different ways of dealing with money? There is no explaining it, there is no tricking or changing. If people want to spend their money on frivolous things, they will and it doesn't matter how you try to stop them.

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    • Anonymous

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      Post count: 2603

      This could be a HUGE problem for players who have already done things the right way and worked with their money managers to establish long terms financial strategies by scheduling planned out allocations and disbursements to a fixed schedule years in advance.  So much so, that I bet this either fails, or ends up being voluntary for an interim period, or perhaps exempts current players.

      The local teachers union did that a few years ago here. It was much to do about nothing when it was all said and done. I bet it passes and is modeled after successful implementations that have already been done much like Obamacare was modeled after MA's system already in place and working.

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    • Anonymous

      Inactive
      Post count: 2603

      I'm glad they are trying to figure something out to help these guys. Most of them grew up in homes where proper financial management was not a consideration. They need help so they don't blow through it.

      Yeah, if only a multi-millionaire could get someone to help him manage his money. Have you ever dated someone or had a friend that had very different ways of dealing with money? There is no explaining it, there is no tricking or changing. If people want to spend their money on frivolous things, they will and it doesn't matter how you try to stop them.

      That's an epic failure to explain stuff. My wife was just like this before we got married. There is a way to explain it so people change. Sometimes it just takes explaining it 10 different ways until you find which way they understand.

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