NFL players' union files grievance on team debt limits Print
Written by Admin   
Thursday, 21 February 2008 11:34
NFL Headline News

 WASHINGTON (AP) -The NFL players' union filed a grievance against the league Thursday, charging the owners colluded by reducing the debt ceiling for every team by 20 percent. The union said the reduction coincides with what in 2010 could be a year without a salary cap.
The filing is the latest discord between the league and the NFL Players Association over the contract extension agreed to in March 2006. NFLPA executive director Gene Upshaw expects the league to opt out of the deal in November, which could lead to 2010 being an uncapped year. A salary cap has been in place since 1993.
NFL spokesman Brian McCarthy called the grievance ``inexplicable and totally lacking in merit.''
The case will be heard by Stephen Burbank, a special master based at the University of Pennsylvania.
Upshaw said in a statement announcing the grievance that the reduction is ``part of a broader scheme in which the owners are colluding to reduce spending on player salaries.''
``It's no coincidence that this measure has a deadline which comes just before the 2010 league year, when there would be no cap,'' he said.
``It makes no sense to reduce the debt limit at a time when league revenues are increasing from approximately $7 billion to $9 billion, and we can only conclude that the owners did this to hurt the players. Our CBA prohibits such conduct.''
The NFL noted the owners made the decision in October in light of the ``current turmoil in the economy, which has only gotten worse in the intervening four months.''
McCarthy said the reduction could amount to $30 million a team and will have no impact on the league's financial obligations to players under the collective bargaining agreement.
 

NFL Team Pages

Top NFL Public Bets

#1 480 Kansas City Chiefs 86%
#2 485 San Francisco 49ers 84%
#3 491 San Diego Chargers 80%
#4 488 Denver Broncos 73%
#5 463 New Orleans Saints 72%
#6 475 Buffalo Bills 69%
#7 469 Jacksonville Jaguars 67%
#8 481 New England Patriots 65%
#9 490 Detroit Lions 65%
#10 468 Pittsburgh Steelers 63%
View All: NFL |  NBA |  NCAAF |  NCAAB |  MLB |  NHL

NFL Futures

NFL TEAM CONFERENCE ODDS CURRENT
DENVER BRONCOS 9/4
NEW ENGLAND PATRIOTS 3/1
SEATTLE SEAHAWKS 15/4
SAN FRANCISCO 49ERS 4/1
GREEN BAY PACKERS 15/2
NEW ORLEANS SAINTS 8/1
INDIANAPOLIS COLTS 8/1
CHICAGO BEARS 10/1
PITTSBURGH STEELERS 12/1
PHILADELPHIA EAGLES 14/1
View All

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com