PA Season Ticket Holder
03-19-2003, 10:54 AM
March 18, 2003) -- NFL players will soon receive their first checks from clubs under the league's newly implemented "Performance Based Pay" system.
When the NFL and the NFL Players Association extended the Collective Bargaining Agreement on January 8, 2002, they created a new supplemental form of player compensation based upon a comparison of playing time to salary.
This year, the league-wide fund totaled $15.104 million ($472,000 per team) and will grow to approximately $32 million in 2003. That figure will continue to increase each year of the CBA, which is scheduled to expire in 2008.
Players become eligible to receive Performance Based Pay in any season during which they play at least one down of the regular season.
The fund that will be distributed to players under the Performance Based Pay system was created by slowing the growth in: 1) yearly minimum salaries for all players and 2) the annual entering player pool for rookies.
In any given year, the amount of the fund will equal the difference between: 1) the new lower minimum salaries and the higher minimum salaries that were in place prior to the CBA extension and 2) the difference between the new lower entering player pool amount and the higher entering player pool amount that was in place prior to the CBA extension.
http://www.nfl.com/news/story/6261145
When the NFL and the NFL Players Association extended the Collective Bargaining Agreement on January 8, 2002, they created a new supplemental form of player compensation based upon a comparison of playing time to salary.
This year, the league-wide fund totaled $15.104 million ($472,000 per team) and will grow to approximately $32 million in 2003. That figure will continue to increase each year of the CBA, which is scheduled to expire in 2008.
Players become eligible to receive Performance Based Pay in any season during which they play at least one down of the regular season.
The fund that will be distributed to players under the Performance Based Pay system was created by slowing the growth in: 1) yearly minimum salaries for all players and 2) the annual entering player pool for rookies.
In any given year, the amount of the fund will equal the difference between: 1) the new lower minimum salaries and the higher minimum salaries that were in place prior to the CBA extension and 2) the difference between the new lower entering player pool amount and the higher entering player pool amount that was in place prior to the CBA extension.
http://www.nfl.com/news/story/6261145