Friday 30th September 2016,
Balltribe

NFL Withheld $100M+ From Players

NFL

The NFL has had a lengthy list of embarrassing moments over the past few season, and there’s no end in sight. It has been found that the league allegedly hid $120 milllion from the players and are being forced to return that money to the salary pool by an arbitrator.

The National Football League has been ordered to return what its union calculates is more than $100 million to the pool of revenue that it shares with its players.

The ruling, handed down last week by arbitrator Stephen Burbank, found that the NFL owners had mischaracterized what Players Association officials say is roughly $120 million of ticket revenue during the past three years by creating an exemption that had the effect of keeping about $50 million in salary out of players’ pockets. The NFL Players Association, which discovered the discrepancy during an ongoing audit of league finances, filed a grievance on the matter in January.

You’d like to think that something like this was an honest mistake because if this was done intentionally it would be silly to think this wouldn’t be caught. And as high-profile as the league is, this will be talked about for some time to come.

H/T: WSJ

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