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Professional Athletes/Pay Question(s)  
User currently offlineTiger119 From United States of America, joined Sep 2003, 1919 posts, RR: 0
Posted (4 years 7 months 2 weeks 5 hours ago) and read 2840 times:

I am sitting here watching MNF (beginning of the fourth quarter) with the 49ers up 17 to 3. I was driving home earlier this evening listening to a national sports radio call-in talk program and a guest was talking about "getting [the player] pay check for one or two games." Made me wonder how and when do professional team athletes get paid? NFL teams play a minimum of 16 (regular season) games a year. MLB teams play regular season games at least five months a year if not more (not including Spring Training and possible play-offs). NBA and NHL teams play for over six or seven months a year. NASCAR Sprint Cup run for around 9 1/2 months or so a year. Are the players paid once a week during their seasons? Are they paid over the spread of a calendar year? What if the player has a guaranteed contract?

 scratchchin 

David


Flying is the second greatest thrill known to mankind, landing is the first!
12 replies: All unread, jump to last
 
User currently offlineFuturePilot16 From United States of America, joined Mar 2007, 2035 posts, RR: 0
Reply 1, posted (4 years 7 months 2 weeks 4 hours ago) and read 2824 times:



Quoting Tiger119 (Thread starter):
Made me wonder how and when do professional team athletes get paid

Usually in the and MLB, the players get payed bi-weekly. They usually have direct deposit like the average person, except they make 100s of thousands of dollars more. At one point, I heard Barry Bonds was making like 750,000 every 2 weeks, that is insane. Imagine how much A-Rod makes. I think NFL gets paid once per week because they have a 16 game schedule. Not sure about NBA or any other sports.



"The brave don't live forever, but the cautious don't live at all."
User currently onlineN1120A From United States of America, joined Dec 2003, 26361 posts, RR: 76
Reply 2, posted (4 years 7 months 1 week 6 days 14 hours ago) and read 2786 times:



Quoting FuturePilot16 (Reply 1):
Usually in the and MLB, the players get payed bi-weekly. They usually have direct deposit like the average person, except they make 100s of thousands of dollars more.

The general rule is that MLB players get paid every 2 weeks during the season. This is a much larger scale version of the way teachers all used to be paid (just during the school year). Teachers now generally have a choice of bigger checks over the school year or having them spread over the whole 12 months. MLBers do not, unless they contract for it. A notable one with this in their contract is CC Sabathia, who gets paid 12 months a year and not just during the season.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineBMI727 From United States of America, joined Feb 2009, 15715 posts, RR: 26
Reply 3, posted (4 years 7 months 1 week 6 days 14 hours ago) and read 2778 times:



Quoting Tiger119 (Thread starter):
NFL teams play a minimum of 16 (regular season) games a year.

Football salaries are fundementally different from other pro sports in that their contracts are not guaranteed. An NFL contract has two parts, the salary and the signing bonus. The signing bonus, or guaranteed money, is paid to the player no matter what happens but it is spread out over the life of the contract for cap purposes. (and I believe in reality too.) The salary is paid out over the season, but I also believe that there is money paid in the offseason as well.

If the player is cut, they stop receiving the salary, though they will still get the signing bonus money. I do not know if they get a lump sum or if it is still paid out over time though the entire bonus is then counted against the cap instead of being distributed.



Why do Aerospace Engineering students have to turn things in on time?
User currently onlineN1120A From United States of America, joined Dec 2003, 26361 posts, RR: 76
Reply 4, posted (4 years 7 months 1 week 6 days 13 hours ago) and read 2767 times:



Quoting BMI727 (Reply 3):

Football salaries are fundementally different from other pro sports in that their contracts are not guaranteed.

The NFL salary scheme is ridiculous, especially given the risks to the players not just in the short term, but now what we are learning about the long term.

Quoting BMI727 (Reply 3):
If the player is cut, they stop receiving the salary, though they will still get the signing bonus money. I do not know if they get a lump sum or if it is still paid out over time though the entire bonus is then counted against the cap instead of being distributed.

I don't think bonuses are necessarily paid up front, though I think a fair number of the rookie ones are.

Quoting BMI727 (Reply 3):
but I also believe that there is money paid in the offseason as well.

That is another interesting point about these NFL contracts. The Roster Bonus. Most contracts dictate that a part of the salary is paid if a player is on the roster on or after a certain date in the off-season. That is why you often hear about cuts happening about a week before those dates.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineBMI727 From United States of America, joined Feb 2009, 15715 posts, RR: 26
Reply 5, posted (4 years 7 months 1 week 6 days 11 hours ago) and read 2755 times:



Quoting N1120A (Reply 4):
The NFL salary scheme is ridiculous,

The NFL is different because players tend to get paid for what they might do, but baseball in particular pays players after they have become stars. It isn't uncommon for MLB All-Stars to be making under $1 million per year.

This whole thing could get real interesting with the possibility of the uncapped year in the NFL next year. As a Bears fan, I really want the uncapped year.

Quoting N1120A (Reply 4):
I don't think bonuses are necessarily paid up front, though I think a fair number of the rookie ones are.

I don't think so either, but the rookies do get paid something when they sign. I remember reading a story about a Bears rookie years ago who had never even had a savings account. He ended up going up to the new accounts teller with a check for over a million dollars.

Quoting N1120A (Reply 4):
The Roster Bonus. Most contracts dictate that a part of the salary is paid if a player is on the roster on or after a certain date in the off-season.

I forgot to add that but you are right. It works a lot like Tiger's new pre-nup.

I wonder if European soccer (and other sports leagues) have salary caps like some American sports leagues do?



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineTiger119 From United States of America, joined Sep 2003, 1919 posts, RR: 0
Reply 6, posted (4 years 7 months 1 week 6 days ago) and read 2731 times:



Quoting BMI727 (Reply 3):
The signing bonus, or guaranteed money, is paid to the player no matter what happens but it is spread out over the life of the contract for cap purposes.

- Bonuses count against the salary cap?



Flying is the second greatest thrill known to mankind, landing is the first!
User currently offlineBMI727 From United States of America, joined Feb 2009, 15715 posts, RR: 26
Reply 7, posted (4 years 7 months 1 week 5 days 14 hours ago) and read 2704 times:



Quoting Tiger119 (Reply 6):
Bonuses count against the salary cap?

Yes. The signing bonus is prorated over the duration of the contract. If the player is cut before June 1 the entire remaining bonus is counted against that year's cap and the next season's if he is cut after that date.



Why do Aerospace Engineering students have to turn things in on time?
User currently onlineN1120A From United States of America, joined Dec 2003, 26361 posts, RR: 76
Reply 8, posted (4 years 7 months 1 week 5 days 14 hours ago) and read 2701 times:



Quoting BMI727 (Reply 5):

The NFL is different because players tend to get paid for what they might do, but baseball in particular pays players after they have become stars. It isn't uncommon for MLB All-Stars to be making under $1 million per year.

I am well aware of that. MLB has the extremes of the lowest minimum salary and the highest AAV of any of the big 3. Of course, baseball also has its arbitration system, which is a mixture of merit and cost control.

Quoting BMI727 (Reply 5):

This whole thing could get real interesting with the possibility of the uncapped year in the NFL next year.

That will get very interesting. The NFL really needs to figure something out, because the system is incredibly arbitrary.

Quoting BMI727 (Reply 5):

I don't think so either, but the rookies do get paid something when they sign. I remember reading a story about a Bears rookie years ago who had never even had a savings account. He ended up going up to the new accounts teller with a check for over a million dollars.

Hilarious.

Quoting BMI727 (Reply 5):

I wonder if European soccer (and other sports leagues) have salary caps like some American sports leagues do?

European football does not have salary caps, and likely never will. It is just too competitive across national boundaries. Given that there is already a disparity in play quality, though not nearly as bad as it once was, capping would kill it. The MLS, on the other hand, has a very strict, but also convoluted cap, which dates back to when all teams were technically owned by the league.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineBMI727 From United States of America, joined Feb 2009, 15715 posts, RR: 26
Reply 9, posted (4 years 7 months 1 week 5 days 14 hours ago) and read 2697 times:



Quoting N1120A (Reply 8):
That will get very interesting. The NFL really needs to figure something out, because the system is incredibly arbitrary

As a Bears fan, I really, really want an uncapped year and here's why. When the salary cap goes away, so will the salary floor. When that happens, I want the Bears to cut all of their old, bad, and expensive players. Then take the savings and use that to fire and replace the coaching staff and front office with much smarter people. Then go with a bare bones roster for 2010, save some cash, and let the new management rebuild the team the right way.

Without an uncapped year, this whole process will take longer.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineTiger119 From United States of America, joined Sep 2003, 1919 posts, RR: 0
Reply 10, posted (4 years 7 months 1 week 4 days 6 hours ago) and read 2666 times:

What if an NFL player is injured for the rest of the season, is his salary still included in the cap? Also, what about practice team players? Are they salaries included under the cap also?

David



Flying is the second greatest thrill known to mankind, landing is the first!
User currently offlineJcs17 From United States of America, joined Jun 2001, 8065 posts, RR: 39
Reply 11, posted (4 years 7 months 1 week 4 days 5 hours ago) and read 2657 times:

NHL is bi-weekly during the season. They do not get paid during the playoffs, which is why the playoffs are like Christmas to the owners. During the preseason they are paid a stipend, which is pennies compared to their normal contract.

It's actually very interesting to read the CBA in terms of payments, travel, and per diem. Some things are negotiated to a T. Others leave a lot of interpretation.



America's chickens are coming home to rooooost!
User currently offlineTiger119 From United States of America, joined Sep 2003, 1919 posts, RR: 0
Reply 12, posted (4 years 7 months 1 week 4 days 1 hour ago) and read 2649 times:

Another question, I guess specifically towards the NFL but I guess the other three majors in the US. What if a player under contract is traded in midseason before the trade deadline. Once the trade is finalized (physicals, etc), do the salaries get switched to the teams affected?

David



Flying is the second greatest thrill known to mankind, landing is the first!
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