nfl - Neal Altman Sports and Entertainment Law April 17,...

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Neal Altman Sports and Entertainment Law April 17, 2008 1. The NFL CBA was extended in 2006. If the current CBA had expired the union threatened to "decertify." What does this term mean? What action might the league have taken? There is talk about the owners "opting-out" of the existing agreement. What does that mean? Implications? It means to revoke the certification of something. For example, to revoke the certification of the CBA. Opting out means to basically get out of an agreement. 2. What was the salary cap for 2006 and 2007, and what is it for 2008? 2006: $102 Million 2007: $109 Million 2007: $116,729,000 3. What was or is the rookie salary cap for these same years? In 2007 the minimum salary for rookie or first-year players is $285,000; second year is $360,000; third year is $435,000; fourth year is $510,000; fifth-year through seventh year is $595,000; eighth year through 10th year is $720,000; and 11th year and longer is $820,000. 4. When did the salary cap begin? Before its imposition were there any limits? The cap was introduced for the 1994 season and was initially $34.6 million. Both the cap and the floor are adjusted annually based on the change in the league's revenues. 4. When did the salary cap begin? Before its imposition were there any limits? The cap was introduced for the 1994 season and was initially $34.6 million. Both the cap and the floor are adjusted annually based on the change in the league's revenues.
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This number has increased every year and will reach approximately $ 109 million in 2007, with a salary floor of approximately $81.75 million per team. Update: 2008 numbers: Cap = $ 116 million, Floor = 85.2% of cap = $ 98.8 million. The salary floor will increase 1.2% per year up to 90% of the hard cap. 5. How are signing bonuses prorated? Does a correlation exist between draft position and signing bonuses? Examples? Because salaries have continued to grow at a rate outpacing the salary cap, teams have found ways to circumvent the cap. Signing bonuses don't count toward a team's cap for a given year. A player who receives a signing bonus gets more money for that year than his
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This note was uploaded on 04/23/2008 for the course LAW 316 taught by Professor Jones during the Spring '08 term at Bentley.

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nfl - Neal Altman Sports and Entertainment Law April 17,...

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