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NFL Lockout

NFL Lockout. Frank Igah. The NFL may have to forgo its 2011 season to save money, moreover, resulting in a Lockout. The NFL does not have enough money to pay the players and fund the season. The owners and players have to come to a bargaining agreement.

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NFL Lockout

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  1. NFL Lockout Frank Igah

  2. The NFL may have to forgo its 2011 season to save money, moreover, resulting in a Lockout. • The NFL does not have enough money to pay the players and fund the season. • The owners and players have to come to a bargaining agreement. • This all has to be done before a season can be started.

  3. So how do the players feel about this possible Lockout? • The average NFL player makes around $850,000 per year. • 22% of the NFL’s 1700 athlete’s have no savings to fall back on should the league end result in a lockout. • if the lockout occurs, a lot of these players will be in a lot of financial problems. • Also, among NFL players who have been retired for two years, 78% are bankrupt or financially stressed, mostly due to divorce and/or lack of a job. • 22% of the players are already living paycheck to paycheck

  4. The main question to answer is where did all the NFL’s money go and why is there now a financial problem in this league. • When the Owners signed their last deal with the networks that broadcast NFL games in 2009, it is believed they built the contracts in such a way that they took less money upfront to guarantee that the networks would still pay the owners if there was a lockout and games were missed.

  5. However, everyone is not against the NFL lockout • Most of the owners to these teams are worth billions, like the owner of the Washington Redskins Daniel Snyder, who is worth $1.1 billion. • These owners own yachts, submarines, helicopters etc and would love to just enjoy all of this while still getting paid

  6. Who are people forgetting will suffer • The people with jobs inside of the NFL • Not having an NFL season will ultimately damage the economy • it’s estimated it would cost each NFL city $160 million and 3,000 jobs • That’s 93,000 jobs nationwide!

  7. Who else will suffer? • The Fans and Coaches • the fan based opinion on the NFL lockout is that it is a horrific decision. • the coaches are not just not going to be paid, but cannot see or talk to their players

  8. Present Day • A pre-season schedule has been released for the NFL teams. • This seems like a step towards the right direction but in reality this really means nothing. • without a union agreement this is nothing.

  9. Outcome… • Each day the NFL is supposedly getting closer to their decision to be made. • Lawyers for the NFL and league officials are meeting with the judge assigned to supervise court-orderedmediation between the NFL and its locked-out players. • hopefully a verdict will be reached soon.

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