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NFL owners to pay $177M more to benefits fund
3/30/2011 4:44:07 PM
NFL owners will pay $177 million on Thursday to complete their contributions to the player benefits program for the 2010 season according to the Associated Press.
That payment will bring the total amount funded by the 32 teams for 2010 to $245 million. It is a payment the league has made by the end of March each year under its collective bargaining agreement with the NFL Players Association.
The CBA expired on March 11 and the NFLPA dissolved as a union. The league then locked out the players.
Ownership contributions fund player benefits that include the pension plan, group medical insurance, the disability plan, and the "88" program for retired players with dementia or related conditions.
NFLPA executive director DeMaurice Smith recently said the league contributes "zero" to former player pensions. But the league said Wednesday that in the past 10 years the owners have contributed more than $2.7 billion toward various NFL benefit plans for current and retired players.
3/30/2011 4:44:07 PM
NFL owners will pay $177 million on Thursday to complete their contributions to the player benefits program for the 2010 season according to the Associated Press.
That payment will bring the total amount funded by the 32 teams for 2010 to $245 million. It is a payment the league has made by the end of March each year under its collective bargaining agreement with the NFL Players Association.
The CBA expired on March 11 and the NFLPA dissolved as a union. The league then locked out the players.
Ownership contributions fund player benefits that include the pension plan, group medical insurance, the disability plan, and the "88" program for retired players with dementia or related conditions.
NFLPA executive director DeMaurice Smith recently said the league contributes "zero" to former player pensions. But the league said Wednesday that in the past 10 years the owners have contributed more than $2.7 billion toward various NFL benefit plans for current and retired players.
