12/18/24
July 15, 2011
NFL Players Had Secret Insurance Fund: NFL players had more leverage than the owners thought. The NFL Players Association revealed Wednesday that a year ago they secured insurance to pay each player $200,000 if there were no football in 2011. This may have helped speed along a deal, which could be coming in the next 24 hours.
Hell of a smart move, that.
posted by lil_brown_bat at 04:45 PM on July 15, 2011
Way to go, players.
posted by rocketman at 04:46 PM on July 15, 2011
+1
posted by yerfatma at 05:17 PM on July 15, 2011
Wow, DeMaurice Smith has really proved his detractors wrong. I remember so much handwringing over whether he was the right person or not.
posted by feloniousmonk at 07:00 PM on July 15, 2011
How did the NFLPA secure these policies without it's union members knowing about it and or voting for it?
Who paid for it?
This is brilliant as opposed to the owners attempt to secure funds through the network deal because...? (I know a judge ruled against it.)
How were either of these greedy a-holes ever negotiating in good faith when they both secured (or attempted to) themselves for a prolonged lockout?
Oh well, just get the damn thing done.
posted by tselson at 12:10 AM on July 16, 2011
How did the NFLPA secure these policies without it's union members knowing about it and or voting for it?
It was probably just one very large policy, and I don't think he has to get approval of the members to spend union funds as long as he gets approval from the executive committee.
Good for Smith. The NFLPA really needs strong leadership. They had the absolute worst CBA of any professional sport. It'll probably still be the worst, but maybe it will at least be better.
posted by bperk at 09:16 AM on July 16, 2011
This is brilliant as opposed to the owners attempt to secure funds through the network deal because...
the players through the union used their own money to secure the funds, as opposed to the owners trying to secure the funds by essentially stealing it from the players.
If I were the insurance company and had to pay off, I might raise an issue that the union technically no longer exists. Wonder if the insured is the union or each individual player? No matter; just get the deal done already.
posted by graymatters at 11:02 AM on July 16, 2011
It no longer exists as a union, but it's still a trade association.
posted by rcade at 11:23 AM on July 16, 2011
It no longer exists as a union, but it's still a trade association.
posted by tselson at 10:51 PM on July 16, 2011
Pure freaking genius.