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Union recommends execution of “financial emergency plans”

DeMarcus Smith

With a lockout a virtual certainty come March 4 (absent a new labor deal), the union has sounded the alarm to all players.

The NFLP issued on Friday guidelines for all players, which become effective today and will last until a new labor deal is struck.

The guidelines begin with some decidedly low-tech advice.

“Make a list of everyone who owes you money,” the e-mail to all players recommends.  “Turn up the heat and call in all those IOUs now so you can add to the balance in your lockout preparedness fund.”

The e-mail does not urge the players to refrain from breaking or threatening to break any bones in order to get their money.  Hopefully, most of them will realize that this isn’t an acceptable collection technique.

“Take control of your cash and steer clear of these 5 Most Common and Harmful Money Mistakes,” the e-mail then explains, including a link to a secure site that players can access via password.  “Mistakes can be catastrophic during this time where your finances are already vulnerable.”

Finally, the message suggests that the players “[l]ook ahead for alternative health insurance coverage if the lockout leaves you exposed,” and explains that they should “[t]ry to leverage the coverage with either your spouse’s employer-sponsored health plan or take advantage of the new healthcare legislation that enables you to gain coverage on your parent’s health insurance up to age 26.”

In English, the union wants the players to see if they can get onto someone else’s insurance.  If that’s not an option, the players will be permitted to purchase ongoing health insurance for up to 18 months, under the COBRA laws.

This move illustrates the reality that, even though players won’t lose game checks until September, plenty of players who are due to become free agents will receive no signing or roster bonuses until the labor dispute is resolved.  For men who assumed that they’d be hitting the market and depositing a check with lots of zeroes come March 4, the reality is that they’ll be depositing zero dollars and zero cents until the labor situation is resolved.

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50 Responses to “Union recommends execution of “financial emergency plans””
  1. bigbluefan1 says: Jan 28, 2011 6:17 PM

    How about pawn some of the bling you wear and stop buying ever chick you bang a Caddy

    These men make more money then 99% of us
    If these fools do not have a savings account they are dumb as bricks and the owners should hold them hostage

    If there is a lock out they could get jobs doing what most have the degree to do
    Pick up the trash

    Note there will be many Escaldes being repoed in the near future

  2. PFTiswhatitis says: Jan 28, 2011 6:18 PM

    Fans should really be concerned that our players will be able to eat and feed their families.

  3. jw731 says: Jan 28, 2011 6:21 PM

    Is the site called WelcomeToTheRealWorld.com?

  4. upperdecker19 says: Jan 28, 2011 6:22 PM

    RE: IOUs

    Hey Moose…Rocco….help the Judge find his checkbook!

  5. cappa662 says: Jan 28, 2011 6:24 PM

    To cromartie, financial emergency means having to wear a condom.

  6. cincinnasti says: Jan 28, 2011 6:28 PM

    HA! That’s funny… The union is making it sound like these players make low class wages with the whole “get on your spouses medical coverage” crap..

  7. heyooooh says: Jan 28, 2011 6:31 PM

    For Cromartie, this means stop paying child support hor his 8 kids. Actually, Cromartie is already ahead of other players…he stopped paying child support years ago in anticipation of the lockout. At least, that’s what he’s been telling the judge.

  8. orngcrsh says: Jan 28, 2011 6:36 PM

    So players making multi million dollars a year are being encouraged to get on their parents insurance what a joke! Why don’t they take some of the money from their stash and purchase their own health insurance policy! What a joke!!!

  9. jamaltimore says: Jan 28, 2011 6:37 PM

    What good is a union of millionaires if they can’t provide you health insurance while on strike? Seriously, what’s worse union on insurance companies. They both pretend they care for you until you really need them or want some of your dues back!

  10. rexdeaz says: Jan 28, 2011 6:44 PM

    The assumption that these guys have a ton of money lying around is only true for a much smaller portion of the NFL than we think. When you’ve spent your whole life being told you’re invincible and that the money won’t stop flowing, why bother to learn how to spend wisely? Sad, but true……….

  11. hobartbaker says: Jan 28, 2011 6:44 PM

    “Lean on your parents not to rent out your old room. Tell them it has sentimental value to you.”.

    “Try to score a bundle of cheap knockoff jerseys you can autograph and sell.”.

    “Charge those snot nosed little kids in the parking lot $25 for your autograph. $50 if it’s personalized.”.

    “Save your movie going for Cheap Tuesdays. Make that gold digger pay her own way.”.

    “Always save the coupons.”.

  12. hobartbaker says: Jan 28, 2011 6:52 PM

    The site advises players who can’t follow any of their other recommendations to “pull a Brady”.

  13. unfkwthabl says: Jan 28, 2011 6:55 PM

    the players union looks so stupid and bad day after day.

    I would love to see a lockout.

    no other company in the world pays their employees 60 of the revenue.

    The owners are the OWNERS… its THEIRS… stop trying to take other peoples money… trust me.. even your minimum wage is 10x more that everyone elses in the country.

  14. huskersrock1 says: Jan 28, 2011 6:57 PM

    They forgot to advise them to secure the second job for which they are qualified.

    McDonald’s is always hiring!

  15. hobartbaker says: Jan 28, 2011 7:08 PM

    Hundreds of NFL players immediately set out to turn up the heat on the former Finance Minister of Nigeria, only to find out that the website was no longer accessible and the phone had been disconnected.

  16. benh999 says: Jan 28, 2011 7:10 PM

    The idea that even the lowest-paid player (~$350k/yr?) doesn’t have a good several months of “emergency money” set aside is mind-boggling. These guys make more than most lawyers and doctors.

  17. joetoronto says: Jan 28, 2011 7:16 PM

    Then they wonder why people don’t like unions.

  18. ontboltfan says: Jan 28, 2011 7:17 PM

    1) Start charging the hos rent at the beachhouse.
    2)Restart the supplement distribution business.
    3) Launch banner ads on the twitter page.

  19. duanethomas says: Jan 28, 2011 7:24 PM

    Why are all the people posting about bling, escaldes, Cromatrie, etc…What about the hunting leases, tricked out pick up trucks, and bad business ventures (Burnell). Child Please.

  20. seanx40 says: Jan 28, 2011 7:28 PM

    This may sound dumb, but can most players even get insurance? I would think that most insurance companies wouldn’t cover anything football related, as “pre-existing conditions”.

    As for the players money problems…I hope they realize…we don’t care. The fans just don’t care about this. We think they owners and players are greedy idiots. We will just watch a lot of college football next fall. I am sure that the colleges will be happy to play some games on Sundays. I bet Notre Dame will be quite happy in their Sunday night Prime Time spot.

  21. mrcmos says: Jan 28, 2011 7:53 PM

    Here’s an idea…..both sides STFU and negoiate behind closed doors, not in the media.

    GET A DEAL DONE ASAP! STOP THIS BS POSTURING IN THE MEDIA!

  22. nitemare1 says: Jan 28, 2011 7:53 PM

    @benh999

    Do you remember that old movie Ben, about a boy and his pet Rat named Ben.

    The theme song was sung by Michael Jackson

    you remind me of that movie

  23. stanklepoot says: Jan 28, 2011 8:12 PM

    orngcrsh says: Jan 28, 2011 6:36 PM

    So players making multi million dollars a year are being encouraged to get on their parents insurance what a joke! Why don’t they take some of the money from their stash and purchase their own health insurance policy! What a joke!!!
    _________________________
    Hate to break it to you, but the majority of players in the league aren’t multi-millionaires. In 2009 the median salary was $770,000. That means that half of the players made more, and half made less than that. Depending on the number of years in the league, league minimum is anywhere from around $300,000 to around $800,000. So, cut whatever the actual salary is in half for taxes, then take more cuts from the agents, lawyers, business adviser, etc. Yeah that’s still a very nice salary, but no where as nice for most players as a lot of people assume. On top of that, most of these players have ongoing injuries or problems that they need care for…and it’s not like medical care is cheap. If these players are eligible to go on their spouses’ or parents’ health care during a lockout, then it would be stupid for them not to do so.

  24. dccowboy says: Jan 28, 2011 8:25 PM

    Is that anything like the ‘Final protective fires’ that the military uses?

  25. fthrvic says: Jan 28, 2011 8:51 PM

    MAKE A LIST OF EVERYONE WHO OWES YOU MONEY??? lol, that’s the advice you get for paying to be a part of the union?!?! lol, because I’m sure all the people who owe pro-football players money have it just laying around and will freely hand it over.

    This union will get bent over in the labor deal! lol

  26. lawyermalloy says: Jan 28, 2011 8:53 PM

    It is precisely this type of email that will cause a panic amongst the ranks leading to an agreement!

  27. anonymousnevermindfishdeath says: Jan 28, 2011 8:54 PM

    Hey, they make a lot of money because they spend a lot of money.

  28. crubenst says: Jan 28, 2011 9:02 PM

    Wow. Talk about another strike against obamacare. So these spoiled rich kids will have free medical care because of the law instead of having to pay for COBRA like everyone else.

  29. anonymousnevermindfishdeath says: Jan 28, 2011 9:02 PM

    Bring on the scabbs!

  30. Reggie's Bush says: Jan 28, 2011 9:02 PM

    This is LAUGHABLE…

    What’s next, tell the players to file for unemployment?

    I don’t care if they made MINIMUM salary last year… If you cannot live off of that for a season you may be locked out of you are a moron. Or here’s a novel idea, get a real job!

    Oh I’ll be crying for you because you cannot afford 10 bottles of Cristal at the club anymore to impress golddiggers… smh

  31. commandercornpone says: Jan 28, 2011 9:02 PM

    the players make a lot of $. it’s extremely hard to sympathize.

  32. tobyv29 says: Jan 28, 2011 9:25 PM

    All you union haters please stop watching NFL football. Stop watching TV shows and movies for that matter. Just keep watching Glenn Beck and working at your crappy wage slave job. Don’t get out of line though or you’ll be replaced. Workers like you are a dime a dozen.

  33. 23chameleons says: Jan 28, 2011 9:27 PM

    How many of these guys, making at LEAST $350k per year, have a wife that works ?

    If they don’t have $1,500-2,000 per month to cover their own independent health insurance, this will be the shortest negotiation in the history of the league.

    Maybe they SHOULD file unemployment and get on COBRA … still makes them more money than most of us, with better health coverage !

  34. fthrvic says: Jan 28, 2011 9:28 PM

    Seriously though, if any of the players need to sell their home I can help. WeKnowAgents.com is here to help the players unload assets during the lockout!

  35. palinforpresidentofnorthkorea says: Jan 28, 2011 9:33 PM

    De Baby,
    Send over some players to do my lawn for $7.50 an hour. I’ll give them free water.

  36. benh999 says: Jan 28, 2011 9:40 PM

    @nitemare1,

    No. But, not everyone is as much of a Jacko fan as you.

  37. ladystpaul says: Jan 28, 2011 10:04 PM

    stanklepoot says: Jan 28, 2011 8:12 PM

    orngcrsh says: Jan 28, 2011 6:36 PM

    So players making multi million dollars a year are being encouraged to get on their parents insurance what a joke! Why don’t they take some of the money from their stash and purchase their own health insurance policy! What a joke!!!
    _________________________
    Hate to break it to you, but the majority of players in the league aren’t multi-millionaires. In 2009 the median salary was $770,000. That means that half of the players made more, and half made less than that. Depending on the number of years in the league, league minimum is anywhere from around $300,000 to around $800,000. So, cut whatever the actual salary is in half for taxes, then take more cuts from the agents, lawyers, business adviser, etc. Yeah that’s still a very nice salary, but no where as nice for most players as a lot of people assume. On top of that, most of these players have ongoing injuries or problems that they need care for…and it’s not like medical care is cheap. If these players are eligible to go on their spouses’ or parents’ health care during a lockout, then it would be stupid for them not to do so.

    —–

    Well, gee, if I had a salary that “low” and a reasonable assumption that chronic injuries were going to be part of my life, on top of the fact that I’m a contract employee and therefore know I may not be guaranteed future employment……….I don’t know, maybe I’d save my money as much as I could?

  38. cowboyerik says: Jan 28, 2011 10:08 PM

    The Union’s Lawyer’s isn’t the guy to deal with the owners; I don’t like the owners for 2 reasons, one, I know they are the RICHEST zillionares in the country; they have a mutiple TELEVISION CONTRACT that states THEY get paid even if they don’t have GAMES, have the HIGHEST RATED GAMES in the GAMES HISTORY and the OWNERS have CLOSED BOOKS and specialize in EXTORTING CITIES out of NEW STADIUMS. The NFL could afford to BUILD MINNISOTA a new stadium and NOT feel it AT ALL! Its the BEST OF BOTH WORLDS, but Jerry Jones comes out and says, the CURRENT PAY STRUCTURE doesn’t work, or needs to be “ADJUSTED” for the current economy? GREED.

  39. hotlantalaw says: Jan 28, 2011 10:25 PM

    Who cares? We have college football!

  40. heyooooh says: Jan 28, 2011 10:59 PM

    DeMaurice Smith should be a financial planner, considering that awesome advice he is dishing out to the union members!

  41. wtfru2 says: Jan 28, 2011 11:02 PM

    My advice to these ex-millionaires….. Move back in with mom and dad and apply for food stamps.

    That should answer all the times these guys say, I’m just trying to feed my family.

  42. 1historian says: Jan 28, 2011 11:39 PM

    The solution is really very simple – take the players’ negotiators and the owners’ negotiators, slip them some ex-lax and then lock them in a room until they come to an agreement.

    presto

  43. freedomispopular says: Jan 28, 2011 11:43 PM

    Even the minimum salary guys make more money in one year than the average American makes in a few years.

  44. pftequalsgreatjournalism says: Jan 28, 2011 11:53 PM

    benh999 says:
    Jan 28, 2011 7:10 PM
    The idea that even the lowest-paid player (~$350k/yr?) doesn’t have a good several months of “emergency money” set aside is mind-boggling. These guys make more than most lawyers and doctors.

    —————————

    Uh Ben, you do know that lawyers and doctors actually graduate from college – right?

  45. pftequalsgreatjournalism says: Jan 28, 2011 11:59 PM

    My money is on the owners; the NFLPA is a sham of a union and like most – not all – it serves the interest of a few rather than the majority of it’s members…

    Also, given the Cash Flow management of most players, I suspect that the overwhelming majority of them have monthly financial requirements…

  46. conseannery says: Jan 29, 2011 7:56 AM

    “Make a list of everyone who owes you money,” the e-mail to all players recommends.  “Turn up the heat and call in all those IOUs now so you can add to the balance in your lockout preparedness fund.”

    Wow, that’s ghetto.

  47. jc1958coo says: Jan 29, 2011 9:27 AM

    for everyone bashing the players! stop watching, just a bunch of whiners,they said they’ll keep the same agreement! owners opted out, now lock out!

  48. benh999 says: Jan 29, 2011 12:17 PM

    @pftequalsgreatjournalism,

    So do NFL players. What’s your point?

  49. pftequalsgreatjournalism says: Jan 30, 2011 8:42 AM

    benh999 says: Jan 29, 2011 12:17 PM

    @pftequalsgreatjournalism,

    So do NFL players. What’s your point?

    ——————————-

    30% of FBS players don’t according to the NCAA…

    And the point is that when was the last time you heard of a lawyer or a doctor fathering nine kids by eight different women? Comparing a NFL players to lawyers and doctors is laughable IMO…

  50. ilovefoolsball says: Jan 31, 2011 6:18 PM

    I really find it hard to feel sorry for guys who are all making no less than 6 figures. Even the lowest salaries are more than most of them could make out in the real world.

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