NFL proposed 35% of player salaries be held in escrow to manage costs

The NFL Players’ Association is none-too-pleased about the NFL proposal to hold 35% of players’ salaries in escrow to manage costs in 2020.

Despite the National Football League doing everything in its power to prepare for the start of the 2020 season, the NFL is now looking ahead to possible cost-cutting options should the year be canceled altogether due to the coronavirus pandemic.

“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,” NFL.com’s Tom Pelissero tweeted Tuesday afternoon. “It’s one option on the table if revenue is impacted leaguewide by COVID-19.”

The league has already canceled a number of events out of an abundance of caution, including the Pro Football Hall of Fame Game and enshrinement ceremony, both of which have been rescheduled for 2021. However, the NFL is insisting players report for training camps at the end of the month despite all safety protocols having yet been put into place.

The players’ union doesn’t appear all-too-happy about the proposed salary escrow, either.

“How did the NFLPA react to the NFL’s proposal to escrow 35% of player salaries this season?”Pelissero’s tweet thread continued. “NFLPA executive Don Davis told players on a conference call: ‘Basically, we told them to kick rocks.’ Union’s stance is any escrow deal must be collectively bargained.”

This story is continuing to develop.

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