And if the NFLPA did spend the $50 million – it was chicken feed compared to how much the players would have caved in half way through no season.

How is this any different than what the Owners did with the Television contract to make sure they got paid in the event of the Lockout? I’m asking because I dont know..But it seems to be basically the same thing..Both sides covering their own butts!! But the Owners caught a ton of grief for it!!

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It is slightly different than TV case. In the TV case the owners per their agreement with the players had to maximize their revenue on the TV deal as the players were entitled to a % of the revenue. The owners took less money from the networks in exchange for being paid with no revenue. The players were sued for breach of contract and won. The court had not issued a damage amount before the two sides settled but the players would have been entitled to a very large sum.

The two are slightly different in that the players paid for their lockout insurance with their own money while the owners bought the TV revenue with both sides money and if the lockout continued they were going to have to share some of that money with the players.

But your right the original intention of the TV deal made by the owners was a form of lockout insurance. It just backfired on them as the players were a bit smarter than the owners thought.

So, if the legal battle was still ongoing and the NFL caught wind of this, the contract subpoenaed, and language in the contract stated a ‘missed-games’ or ‘pay-off’ clause (typically found in the ‘termination’ or ‘exceptions and deviations’ area of a contract), the NFLPA tent would have collapsed immediately.

I don’t understand. A $50 million policy that would have paid 1,900 players $200K each. That’s a $38 million payout.
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You’re right, you don’t understand.
5 players would be 1mil
50 players would be 10 mil
500 players would be 100 mil
1900 players would be 380 mil

$50 Million for ace in a $100 Billion card game, is worth every dime.

In march the players starter offer was 50% of total revenue. The owners laughed at the offer, calling it ridiculous, and walked out of the mediation. In June after the players revealed they had lockout insurance the owners started negotiating in good faith and eventually accepted the offer they had laughed at in March.

On its face it may appear the players got nothing for the $50 million. But that $50 million paid for itself plus it helped make an agreement that otherwise may not have been made.

I’m sure there is more to it than this, because insuring $38 Million with $50 million makes no sense.

Let’s move on to Football…..