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Thread: Nfl announces lockout

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    Lockout news

    http://nfl.fanhouse.com/2011/02/01/c...rance-tv-money

    An NFL work stoppage grew a little more likely Tuesday when the players' union lost its bid to block owners from access to roughly $4.5 billion in guaranteed TV contracts.


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    I got a bad feeling we will be watching scabs next season.
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    Will they have strippers as cheerleaders?

    'Cause.... I'm all for that.
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    That means the fans will get money cannons to shoot at the cheerleaders... no change though... paper currency only. Lol.

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    ripple effect of the NFL lockout..

    ripple effect of the NFL lockout

    The impact of the potential NFL lockout extends farther than believed. Jack Bechta

    The potential of a NFL lockout is causing ripple effects in more areas than I believe most people realize.

    Credit markets

    I received a text from one of my veteran clients last night that his bank, US Bank, is not going to going to go through with his 15 year fixed loan @ 4.25% on his new primary residence. My client has another year left on his contract, makes good money, has an abundance of liquid savings and has solid credit. The loan is for less than $300,000. My client could easily buy the home all cash if he so desires.

    Instead, US Bank proposed an in house portfolio loan on a 5 year ARM @4.25% and said they can't do the 15 year fixed "because of the lockout" (their exact quote). When I called the mortgage rep named Cynthia at US Bank to get a detailed explanation, she told me that; "her underwriters said Fannie May or Freddie Mac won't underwrite any NFL players because of the impending lockout. However, the bank is willing to do so in house, but only for a 5/1 adjustable rate loan." She also added that she wasn't even sure what an NFL lockout meant.

    Another one of my veteran clients, worth well over several million dollars, had similar resistance from another bank on a residential refinance. The lockout was also referenced to him as the reasoning why the loan may be “challenging" to close.

    The 2011 draft class

    I represent 4 members of this draft class and they really don't have a full grasp of how they may be affected just yet. Just like all the young men who are preparing diligently for the Combine and their respective pro days, they just want an opportunity to show their wares, increase their stock and get drafted. Recent talk of boycotting the combine and their pro days were absolutely shocking to them. In chats with other agents, their clients felt the same way.

    Long term rehab & care

    I estimate that there are about 100 (at least 3 per team) or more NFL players who are rehabbing injuries that were sustained 2010. These players usually follow strict rehab scripts under the watchful eye of team trainers and doctors. However, come March 4th, players will have to find their own resources for ongoing rehab, medical care and conditioning. Many teams are helping players by making arrangements with independent clinics and specialists to continue the rehab, but the responsibility to see it through will fall solely on the player to do so. When I asked one of my clients who just had surgery a few weeks ago on his foot," where will you rehab in the event of a lockout?" His reply was, "I have no idea". As we know, diligently rehabbing could be a challenge for some and in the event of a prolonged lockout, we may see more lingering injuries than usual when the 2012 season rolls around.

    A lot of the burden of preparing all players for the potential lockout will fall on the agent community. Proactive agents are helping their clients find offseason workout facilities, rehab options and constantly reminding them to save their money and live way below their means. Those veterans and rookies who go rudderless without proper guidance through a long lockout may have several financial and even physical problems. If so, one thing for is certain, NFL fans will show little or no sympathy for them.

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    NFL, NFLPA agree to enter mediation

    NEW YORK -- Less than three weeks from the expiration of the collective
    bargaining agreement, the NFL and its players union agreed Thursday to mediation
    in their labor dispute.


    The Federal Mediation and Conciliation Service, an independent U.S.
    government agency, will oversee negotiations in Washington beginning Friday.


    FMCS director George H. Cohen can make suggestions and recommendations, but
    he has no authority to impose settlements. Coming to an agreement on a new
    collective bargaining agreement still will be up to the two parties.


    "Our agency director will be working with the parties to assist them in
    reaching a voluntary, mutually acceptable agreement," FMCS public affairs
    director John Arnold said in a telephone interview with The Associated
    Press.


    After holding separate discussions with representatives from the league and
    the union, Cohen said both sides accepted an invitation from his agency to get
    involved in the stalled negotiations.


    "Due to the extreme sensitivity of these negotiations and consistent with the
    FMCS's long-standing practice, the agency will refrain from any public comment
    concerning the future schedule and/or the status of those negotiations until
    further notice," Cohen said.


    The collective bargaining agreement between the league and the players
    expires at 11:59 p.m. ET on March 3. Last week, talks broke down, leading to the
    cancellation of one planned session.


    NFL spokesman Greg Aiello told The Associated Press in an e-mail: "We are now
    in mediation."


    The league also switched an owners meeting from Fort Lauderdale, Fla., on
    March 3, to Chantilly, Va., on March 2-3.


    In a statement, NFLPA spokesman George Atallah said: "The NFLPA has always
    focused on a fair collective bargaining agreement through negotiations. We hope
    that this renewed effort, through mediation, will help the players and owners
    reach a successful deal."


    Indianapolis
    Colts
    center Jeff Saturday, an executive board member of the
    NFLPA, told ESPN's "NFL Live" on Thursday that he was "excited" about the
    prospect of entering mediation. "It can do nothing but help," Saturday said.


    The biggest issue separating the owners and players is how to divide about $9
    billion in annual revenues. Under the old deal, the owners receive $1 billion
    off the top, and they want to increase that to $2 billion before players get
    their share.


    Among the other significant points in negotiations: the owners' push to
    expand the regular season from 16 games to 18 while reducing the preseason by
    two games; a rookie wage scale; and benefits for retired players.


    The NFL and union went more than two months without holding any formal
    bargaining sessions, until a meeting Feb. 5, the day before the Super Bowl.


    The NFL filed an unfair labor practice charge against its players' union with
    the National Labor Relations Board on Monday.


    The league's filing said the union "consistently has failed to confer in good
    faith" during negotiations for a new contract and the union's "conduct amounts
    to surface bargaining and an anticipatory refusal to bargain."


    Aiello told the AP the mediation would not have an effect on the NLRB
    complaint.


    Player sources told ESPN senior NFL analyst Chris Mortensen that last week's
    talks ended when owners walked away from the negotiating table when the NFLPA
    proposed to take an average of 50 percent of all revenue generated by the
    league.


    However, other sources familiar with the talks told Mortensen and ESPN NFL
    Insider Adam Schefter that the negotiations broke off when the union
    characterized its documents as an "illustration" that NFL officials believed
    represented a proposal for revenue sharing between owners and players.


    The FMCS website says it "provides free mediation services in contract
    negotiation disputes between employers and their unionized employees. All the
    parties have to do is make a request."


    The most recent collective bargaining agreement was signed in 2006, but
    owners exercised an opt-out clause in 2008.


    Cohen said in a statement that the negotiations will be conducted "under my
    auspices." He is no stranger to sports mediation. He was involved in Major
    League Soccer talks with its players' union and a work stoppage was avoided last
    year.


    Cohen also has worked with the players' associations for Major League
    Baseball and the NBA, and was an advisor to the NHL players' union before
    joining the FMCS.


    The FMCS also became involved in negotiations during the 2004-05 NHL lockout,
    and a 2005 dispute between the U.S. Soccer Federation and its players.


    "Our ultimate goal is a new CBA," Atallah wrote Thursday on his Twitter feed.
    "I will not discuss any details about the next set of negotiations. We are
    observing a strict media blackout."


    Some players, however, were commenting moments after the announcement.


    "NFL and NFLPA agreeing to meet with a federal mediator is a real positive
    step," Vikings tackle Bryant McKinnie said on his Twitter account. "Let's
    see if he can get them to make actual progress."


    Added player agent Drew Rosenhaus: "Exciting news to see the NFLPA & the
    Owners talking again through the mediation process -- a productive step in the
    right direction!"


    Information from The Associated Press was used in this report.

    http://sports.espn.go.com/nfl/news/s...=ESPNHeadlines

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    If this doesn't work, we may be in for a very long off season

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