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NFLPA to start paying players through lockout fund

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By PFW staff

NFL players will be receiving paychecks starting April 15, but not from the teams they play for. Instead, the money will be coming from a fund set up by the NFLPA years ago as insurance in the event of a lockout.

According to Jason La Canfora of NFL.com, notification letters and direct deposit slips from the players' trade association have been sent to players who are eligible to receive payment during the labor negotiations. Those eligible include players who were part of the then-union and on active rosters at any point the past two seasons.

La Canfora reports that the maximum amount any player can receive is $60,000, which would be for players on a 53-man roster for all 32 games of the past two regular seasons. They would be paid in six separate installments over the course of the lockout, taken from the fund created via player dues and rights' fees. An email was also sent to players, which says:

"We are e-mailing you to inform you that the NFLPA Board of Player Directors approved the payout from the Lockout Fund to begin on April 15, in six installments or until the lockout ends. In order to start receiving your payments, please fill out the attached direct deposit enrollment form and return it to us with a voided check from your checking account or bank letter verifying the account information. We will e-mail you at the address that you provide on the form when payments are sent to your bank account.

"Please note that any other future payments that you may receive from the NFLPA or NFL PLAYERS Inc (for example player marketing deals or royalty payments) will be deposited into this account and you will be notified via email of the deposit."

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