Tag: Taxes

Basic NFL Business 101

By Justin VanFulpen

This might not be any new information but here is some of the basic’s when it comes to the NFL business.

Roster size:  90 man roster in the off-season and start of training camp.  Rosters will get cut down to 53 man roster and of that only 46 players dress for each week.  If a player doesn’t dress he will still get paid the same if he did dress for the game.

Benefits of being on 53 man roster:  After you play 2 regular season games you will be automatic enrolled in the 401K in which the NFL has a match.  There is an NFL pension, tuition reimbursement, and other benefits.  Also each player on the 53 man roster does receive 2 game tickets per home game.

2019 Rookie Base Salary:  $495,000 per year or $29,118 per week.

Performance Based Pool:  If a player plays one down in a regular season game he is eligible. This is a lump sum of money paid out after the season based on each player playtime percentage.

Playoffs:  Will get additional weekly checks if team is in the playoffs.

Practice Squad: The maximum players allowed on a NFL teams practice squad is 10.  A practice squad player can sign with any teams 53 man roster at any time and if signs with another team then its own the player is guaranteed 3 regular season game checks (Assuming there is 3 regular season games left).

2019 Practice Squad Pay: $8,000 a week or $136,000 a year.

Training Camp/Pre-Season Games: Weekly pay in 2019 is $1,150 for rookies.

Taxes: Will need to pay state income taxes in each state that a player plays in, so at the end of the season possible 9 state tax returns will need to be filled.  Each state has a different state income tax rate and some states like Texas, Tennessee, Florida, Washington have no state income tax.

Tuesday During the NFL Season:  Most teams Tuesday is the players off day, but also it is the day teams will bring in “street free-agents” to work out because of injuries the past week or to get a look at for the teams emergency list for future injuries.

Future Contracts:  When people talk about future contract it an NFL team signing a player after the season so that the player can participate in OTA’s, Mini-Camps and then go to training camp with the team.

Agents:  Agents can charge a maximum of 3%, on base salary as well as signing bonus, work out bonus, and roster bonus.  But only get paid after the player gets paid.  Also does not get a commission on practice squad weekly pay.

Basic NFL Business 101

By Justin VanFulpen

This might not be any new information but here is some of the basic’s when it comes to the NFL business.

Roster size:  90 man roster in the off-season and start of training camp.  Rosters will get cut down to 53 man roster and of that only 46 players dress for each week.  If a player doesn’t dress he will still get paid the same if he did dress for the game.

Benefits of being on 53 man roster:  After you play 2 regular season games you will be automatic enrolled in the 401K in which the NFL has a match.  There is an NFL pension, tuition reimbursement, and other benefits.  Also each player on the 53 man roster does receive 2 game tickets per home game.

2018 Rookie Base Salary:  $480,000 per year or $28,235 per week.

Performance Based Pool:  If a player plays one down in a regular season game he is eligible. This is a lump sum of money paid out after the season based on each player playtime percentage.

Playoffs:  Will get additional weekly checks if team is in the playoffs.

Practice Squad: The maximum players allowed on a NFL teams practice squad is 10.  A practice squad player can sign with any teams 53 man roster at any time and if signs with another team then its own the player is guaranteed 3 regular season game checks (Assuming there is 3 regular season games left).

2018 Practice Squad Pay: $7,600 a week or $129,200 a year.

Training Camp/Pre-Season Games: Weekly pay in 2017 is $1,075 for rookies.

Taxes: Will need to pay state income taxes in each state that a player plays in, so at the end of the season possible 9 state tax returns will need to be filled.  Each state has a different state income tax rate and some states like Texas, Tennessee, Florida, Washington have no state income tax.

Tuesday During the NFL Season:  Most teams Tuesday is the players off day, but also it is the day teams will bring in “street free-agents” to work out because of injuries the past week or to get a look at for the teams emergency list for future injuries.

Future Contracts:  When people talk about future contract it an NFL team signing a player after the season so that the player can participate in OTA’s, Mini-Camps and then go to training camp with the team.

Agents:  Agents can charge a maximum of 3%, on base salary as well as signing bonus, work out bonus, and roster bonus.  But only get paid after the player gets paid.  Also does not get a commission on practice squad weekly pay.

19 Things a NFL Agent Does For Their Client

By Justin VanFulpen

Not all firms or all agents do all these things but they are aware of these things and can get them done if need.

1. Contract Negotiations – Top thing an agent is trying to is maximum their clients on the field contract and any off the field contacts.

2. Marketing and Selling Film (Pre-Draft & Free-Agency) – 80% of players draft grade is based on film and when players go into free-agency it is all about selling film and ability.

3. All Star Game Invites – Agent can push players to the All-Star game directors even before the season starts.

4. Training – Not only pre-draft training recommendations but also off-season training as well.

5. Nutrition – Goes hand and hand with training but it also in-season and off-season.

6. Endorsements and Marketing – Addition way for agents to help their clients make money off the field.

7. PR and Media Relations – The Media is a good way to be able increase visibility and brand.

8. Relocation Assistance – Players can always be on the move in free-agency and new teams.

9. Appearances – If it is not a paid appearance sometime it worth more to your brand to be somewhere.

10. Injury Settlements/ Grievances – There is always injuries in football and it is a business so need someone to look out of your best interest as a player.

11. Benefits Assistance/Education (401K, Pension, Performance Base Pay) – Helping the players be aware of everything that is available to him and how it all works.

12. Financial Advisement (In-house, Referral, or Vetting) – Some agents have this service done in house or can help their clients find the right qualified fit for them.

13. Taxes (In-house, Referral, or Vetting) – Some agents have this service done in house or can help their clients find the right qualified fit for them.

14. Insurance (In-house, Referral or Vetting) – Some agents have this service done in house or can help their clients find the right qualified fit for them.

15. Social Media Management – Social media not only can have an effect on your band it is another way to help great additional revenue for the player.

16. Branding/Website Development – Branding is an important part to help increase awareness and increase current and future revenue.

17. Concierge Services – Bill Pay, Event Planning, Personal Services, Travel Assistance, etc.

18. Career Management – Overall guidance of the player current and future plans.

19. Post-Career Planning – Helping figuring out what is the plan after the game of football.

Basic NFL Business 101

By Justin VanFulpen

This might not be any new information but here is some of the basic’s when it comes to the NFL business.

Roster size:  90 man roster in the off-season and start of training camp.  Rosters will get cut down to 53 man roster and of that only 46 players dress for each week.  If a player doesn’t dress he will still get paid the same if he did dress for the game.

Benefits of being on 53 man roster:  After you play 2 regular season games you will be automatic enrolled in the 401K in which the NFL has a match.  There is an NFL pension, tuition reimbursement, and other benefits.  Also each player on the 53 man roster does receive 2 game tickets per home game.

2017 Rookie Base Salary:  $465,000 per year or $27,352 per week.

Performance Based Pool:  If a player plays one down in a regular season game he is eligible. This is a lump sum of money paid out after the season based on each player playtime percentage.

Playoffs:  Will get additional weekly checks if team is in the playoffs.

Practice Squad: The maximum players allowed on a NFL teams practice squad is 10.  A practice squad player can sign with any teams 53 man roster at any time and if signs with another team then its own the player is guaranteed 2 regular season game checks.

2017 Practice Squad Pay: $7,200 a week or $122,400 a year.  

Training Camp/Pre-Season Games: Weekly pay in 2017 is $1,075 for rookies.

Taxes: Will need to pay state income taxes in each state that a player plays in, so at the end of the season possible 9 state tax returns will need to be filled.  Each state has a different state income tax rate and some states like Texas or Florida have no state income tax.

Tuesday During the NFL Season:  Most teams Tuesday is the players off day, but also it is the day teams will bring in “street free-agents” to work out because of injuries the past week or to get a look at for the teams emergency list for future injuries.

Future Contracts:  When people talk about future contract it an NFL team signing a player after the season so that the player can participate in OTA’s, Mini-Camps and then go to training camp with the team.

Agents:  Agents can charge a maximum of 3%, on base salary as well as signing bonus, work out bonus, and roster bonus.  But only get paid after the player gets paid.  Also does not get a commission on practice squad weekly pay.