NFLPA Bracing For Work Stoppage

This week, NFLPA executive director DeMaurice Smith urged all agents to advise their clients to save money in the event of a labor stoppage in 2021, according to Liz Mullen of Sports Business Daily (on Twitter). 

With a possible work stoppage less than two years away, this is the opportune time to set up a structured and organized savings and budgeting plan with your clients,” Smith wrote in the email. “I can’t stress enough the importance of having our player members in a sound financial situation should a work stoppage occur. We are advising players to plan for a work stoppage of at least a year in length. We are also encouraging all players to save 50% of their salary and bonuses and to save the entirety of their Performance Based Pay amounts they should earn over the next two regular seasons.

This is the first time that the union has ever made such an appeal via agents, Dan Graziano of ESPN.com hears, though an NFLPA source says Smith has communicated similar messages in public speeches and direct conversations with players. Furthermore, the union does not want the letter to be taken as a sign that CBA talks are going poorly. As another source put it, the letter is part of the union’s “ongoing message to negotiate for the best but prepare for the worst.”

As Graziano notes, Smith has had a rocky relationship with agents and some have smashed the union chief for his perceived lack of results in the last round of talks.

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