NFL players will get disability pension after retirement
Players will receive a pension from the National Football League after retirement, NFL Commissioner Roger Goodell announced Monday.
The players’ association has said it will provide the pension, which is expected to be worth about $7.5 million.
The NFL Players Association, which represents about 10,000 active and retired players, has been negotiating with the league to set aside some of the $20 billion it would owe under a long-term collective bargaining agreement.
The union has said the league should pay out the full amount to players after they retire.
The NFLPA will be reimbursing players for up to $2.7 billion, Goodell said in a statement.
The agreement was negotiated with the players’ union.
The pension will be in addition to a portion of the players who earned $1 million or more a year for at least a decade in 2016.
The plan also includes $1.4 million for players who receive disability retirement payments.