Report: Arbitrator rules NFL hid as much as $120 million in revenue from players

[satam55]

NFL players will collectively receive around $50 million, and the 2016 salary cap will increase by around $1.5 million, after an arbitrator ruled that the league misclassified up to $120 million in revenue, according to the Wall Street Journal.

Over the past three years, the NFL withheld “waived gate” revenue from the players, reports Matthew Futterman. According to the collective bargaining agreement, teams can withhold money from the sale of certain luxury boxes, personal seat licenses, and stadium naming deals, to help fund stadium construction costs. That’s what the NFL says they did here, but the arbitrator ruled that “waived gate” revenue revenue counts as typical ticket sales, of which the players receive 40%. That’s how you get the players’ share of around $50 million from $120 million in withheld revenue.

The NFLPA discovered the discrepancy when conducting an audit of the league’s books; it is unclear why it took them three seasons to notice it.

 

[TheNig]

Play football bruhs...

 

[Roger Goodell]

Three years later they want to cry about it. Somebody must not be saving their lunch money.

 

[FloorGeneral]

Three years later they want to cry about it. Somebody must not be saving their lunch money.

Spoiler

I know whoever's alias this is had it ready to go. Just chilling, waiting for the thread to pop up. That response was pretty quick.

 

[th_412]

Smh these NFL owners are some sheisty MFers mane

 

[TMNT4000]

Wow

 

[Big Boss]

It's over

 

[NatiboyB]

The NFLPA is the worst in pro sports play the most physical game make the least money and when it's time to get paid they cut you or force you to stay by franchising you until you can't get the big payday anymore.

 

[Kings County]

you would think these nikkas weren't billionaires already

 

[King Poetic]

roger still got his what 34 million

 

[NatiboyB]

Double dribble

 

[#StarkSet]

you would think these nikkas weren't billionaires already

How do u think they became billionaires

 

[Paper Boi]

such a fukking gross league. too bad they have brainwashed so many.


including me sometimes.


meanwhile 50 cent stans believe he's hiding a billion from the feds.

 

[Ashyneezz]

Man I'm never gonna say a player is overpaid again. They need to get as much money from these greedy owners as possible! They're out there messing up their bodies and brains for these dudes and they're getting short changed.

 

[ORDER_66]