Wealth management is one of the hottest topics in the sports world, with players in the league being asked to provide some of their wealth to charity.
But is the sport really safe for the player?
A recent article in the Wall Street Journal found that nearly 50% of NFL players are either “poorly compensated” or “severely undervalued.”
And, as the WSJ reports, one in five NFL players will be arrested in the future, a number that is “unprecedented.”
That’s because of a rule known as “player lockout.”
The rule is a way for the NFL to control the finances of its players.
Players who are suspended, fined, demoted, or even fired will lose their team’s only source of income, and their players will no longer have the ability to make their own decisions.
The WSJ article also notes that in 2015, the average NFL player had $1.8 million in assets.
That means about 70% of the NFL’s $7.2 billion in revenues come from players, and only 35% of those revenues go to the teams that actually win the games.
“The majority of players earn less than $150,000 a year, according to the NFL Players Association,” the WSJP article states.
If players were paid for their work rather than for the amount of money they play, the NFL would be much less likely to lock out players.
And, if it were possible to “piggyback” the money from the players into the teams’ general funds, the league would have a much greater incentive to keep players out of jail, and would be able to fund the league’s programs more efficiently.
While some players may make more money, the vast majority of NFL owners would still be in the dark about their team, because the players would still not have the power to make decisions.
In other words, the only way to keep the NFL players from being locked out is to have them vote.
In an ideal world, the players wouldn’t be voting at all, because they would be voting on a new contract.
But, the way the NFL operates right now, that’s not what the players want.
According to the WSJS article, a majority of owners “support the idea of an automatic suspension of a player who is convicted of violating the league rule.”
According the WSJs report, 49% of owners support “a player who was suspended for less than a game.”
If the NFL were to “lock out” the players, the next-highest number of owners would be owners who would support a suspension of two games or more.