Union recommends execution of “financial emergency plans”
Mike Florio | NBC Sports
January 28, 2011
With a lockout a virtual certainty come March 4 (absent a new labor deal), the union has sounded the alarm to all players.
The NFLP issued on Friday guidelines for all players, which become effective today and will last until a new labor deal is struck.
The guidelines begin with some decidedly low-tech advice.
“Make a list of everyone who owes you money,” the e-mail to all players recommends. “Turn up the heat and call in all those IOUs now so you can add to the balance in your lockout preparedness fund.”
The e-mail does not urge the players to refrain from breaking or threatening to break any bones in order to get their money. Hopefully, most of them will realize that this isn’t an acceptable collection technique.
“Take control of your cash and steer clear of these 5 Most Common and Harmful Money Mistakes,” the e-mail then explains, including a link to a secure site that players can access via password. “Mistakes can be catastrophic during this time where your finances are already vulnerable.”
Read more @ ProFootballTalk.
