NFL & the Players need to resolve their negotiations privately before they lose the public respect. No one can fault them for taking steps to test their leverage and prove they mean business. However, it's time they honestly assess their strengths & weaknesses to arrive at mutually beneficial terms upon which to extend the Collective Bargaining Agreement (CBA). A new CBA before the draft to give the game a shot in the arm and a basis to further the game for the collective good. No business ultimately benefits by settling its employment disputes in public. To take this dispute much further may do serious harm to the sport, and no one wants that to happen.
Regardless of the outcome, the only thing a player entering the draft or free agency can do, besides pray, is prepare physically, mentally & economically for the business of professional football.
By now, most of the physical testing is complete. Players need to focus on maintaining physical fitness & mentally emerse themselves in furthering their understanding of the game and how its played. Players should have the mental framework to effectively organize & process the game plan in which they'll be thrust. This framework needs to include an economic model within which to operate.
Players need to spend the remaining time before the draft & the start of OTA's preparing a budget which accounts for the various income ranges likely to be earned. Players, ask yourselves: How much am I going to save if I end up with a nominal signing bonus & a league minimum contract with a full season split? How about allocating savings, investment and discretionary spending for a Twenty Million Dollar ($20,000,000.00) signing bonus?
Get together with a competent financial advisor and include your agent/business attorney in your meeting(s) to help you evaluate and utilize their advice. Your agent should have the skill to Quarteback your career for you while you're focussing on your game. That includes your second career goals and helping you develop and monetize your persona.
The aforementioned preparation will help you excel in the next level and succeed in the NFL, second career and beyond (a/k/a"Your Life").
Prepare - Excel -Succeed: the time to start is now! Good luck.
Posted on
Sat, April 2, 2011
by David Wyatt