[jwplayer uipp5LSQ-ThvAeFxT]
The NFLPA informed its board of representatives today that the NFL proposed 35% of player salaries be held in escrow to help manage costs during the 2020 season, per sources.
It's one option on the table if revenue is impacted leaguewide by COVID-19.
— Tom Pelissero (@TomPelissero) July 7, 2020
Every professional sport is battling with how to carry on business during a global pandemic. The NFL is just days away from training camp, they are still debating the preseason and there has been almost no word on what the regular season will look like.
According to NFL reporter Tom Pelissero, the NFL is proposing to hold 35 percent of player salaries in escrow to help mitigate potential losses and league costs. Even with a full schedule, NFL teams could still lose billions if they are forced to play without fans in the stands.
In business terms, this is absolutely protocol. Employees all over the country have had to accept pay cuts, furloughs and even layoffs to help their employers continue to do business during the pandemic. But as with all things, NFL players will hold themselves above the standards of typical employees and won’t go for it.
[vertical-gallery id=470977]
[lawrence-related id=471184]