The NFL’s new owners, led by a man who’s known for his colorful persona and is the owner of the Los Angeles Rams, have spent months discussing the future of their beloved game, and now they’ve made a few moves that could give it an edge in the coming years.
As part of the league’s first-ever labor deal, the owners and players agreed to a new salary cap of $500 million for the first 10 years, which is more than the $500-million limit in the collective bargaining agreement.
The cap was set at $500,000 per team for the previous 10 seasons, but that number has been increased to $1 million per team.
That would put the league on track to spend $4.4 billion this season, according to a report by ESPN’s Darren Rovell.
But the most significant move the owners made came last week, when they agreed to pay the first $1 billion in the first two years of the new deal.
The new money, called the Guaranteed Basic Income, will be paid to all owners in equal monthly installments of $100 each for the next 10 years.
The idea behind the Guarantee Basic Income is to create a new revenue stream for the league and the players, and it’s likely that the owners would have to approve it in order to do so.
Under the current salary cap, that would require the league to increase the salary cap by an extra $2 million per year, but the owners agreed to give the league another $2.5 billion to spend over the next two years, with the $1.2 billion in guaranteed money coming after the first year.
“We believe that the Guarantees are the most fair way to increase revenues for the NFL, and we believe that they will lead to the highest levels of profitability for the teams and the owners,” NFL commissioner Roger Goodell said at a news conference on Thursday.
“The owners have made the right decisions, and I am pleased to say they have taken action.”
The Guarantees will be used for the following years, in addition to the initial $1B of guaranteed money, and will come with an annual limit of $4 billion, according the report.
The first $3.1 billion of the Guarantrees will come from the league office, and the rest will be generated from the NFLPA.
This will give the NFL owners more flexibility to spend that money on player salaries.
While the guarantee amount will be in the millions of dollars, the first guaranteed amount is estimated to be around $2,400 for the players.
The Guarantees could also help the league in the future by increasing player salaries as they grow, with a first guaranteed salary around $8,400 in 2019 and a maximum guaranteed salary of $16,600 in 2020.
The new owners also agreed to expand the league into an international league.
The owners have not yet decided whether or not to do this, and a league spokesman told ESPN’s Adam Schefter that the league has no current plans to expand to a world league.
As Goodell pointed out in his announcement, the guaranteed money from the Guaranteables is already being used to cover the salaries of the players and coaches, and that’s part of why the league is committed to making the Guarantenses permanent.
The Guaranteed basic income is not a new idea.
The idea was first put forth in a report in 2012 by economist Robert Greenstein, who is now a professor at the University of Maryland.
He found that the average salary of a professional football player in 2016 was $11.6 million, which was higher than the average NFL salary of roughly $8.5 million.
But Greenstein estimated that the guaranteed minimum wage would be $13.3 million in 2021.
The minimum wage of the average American worker was about $15.40 per hour.
The $1 Billion Guarantees also comes with an additional $1,200 for the “coaches” and $500 for the general managers.
The league has also agreed not to use the Guarantated Basic Income on players that have more than one team, so the Guaranted Basic Income will not be used on players from one team that plays multiple games in a season.
Greenstein also found that it would make more sense to increase player salaries than to spend on players who play for multiple teams.
If the Guaranteen Basic Income were used on only one team per season, the league would have enough money to pay players from every team, but players would still have to play for teams they don’t want to play with.
The NFLPA, meanwhile, has not yet commented on the Guaranteeds or the league.
“This is a great day for our fans, the players who love the game, our owners and the millions more who watch our game,” NFL Executive VP Eric Grubman said in a statement.
“We are committed to investing in the game and will continue to work closely with our owners to help them build a brighter future for the