Salary cap - Study guides, Revision notes & Summaries

NFL Salary Cap & CBA with Complete Solution Exclusive Rights Player -Ans Player contract that expires at time when he has 0-1-2- accrued seasons. Cannot market services to other clubs, if his old club gives him a minimum salary tender on or before last day of that league year. If tender is provided player can only re-sign with his old club (unless tender is withdrawn) Restricted Free Agent -Ans Player whose contract expires when he has earned three (3) Accrued Seasons. If his old club prov...

NFL Agent Exam 2023 With Complete Solution. NFL Player Contract - Correct Answer-A written agreement or series of such agreements executed at or about the same time between a person and an NFL Club pursuant to which such person is employed by such Club as a professional football player. Collective Bargaining Agreement (CBA) - Correct Answer-The union contract between the NFL Players Association and the NFL Management Council covering the terms and conditions of employment of all NFL playe...

NFL Agent Exam 2023 With Complete Solution. NFL Player Contract - Correct Answer-A written agreement or series of such agreements executed at or about the same time between a person and an NFL Club pursuant to which such person is employed by such Club as a professional football player. Collective Bargaining Agreement (CBA) - Correct Answer-The union contract between the NFL Players Association and the NFL Management Council covering the terms and conditions of employment of all NFL playe...

NFL Agent Study Guide | 201 Questions and Answers with Solutions| 100% Score All Revenues is the aggregate revenue received from all sources by the NFL and all NFL Clubs within a league year. There are limited deductions applied (such as the 1.5% stadium credit to encourage new stadiums and renovations) The percentage of AR the players receive comes from three "buckets" League Media NFL ventures/Post-Season (NFL Network, NFL Films, NFL Properties) Local Club Revenues The 2016 Sa...

CPWA ALL SECTIONS EXAM QUESTIONS AND REVISED ANSWERS UPDATE (ALREADY GRADED A+) 1. Planning implications of stock option award programs - Answer- - Conversion of income = converting it from Ordinary to capital gains tax rates- Ensure you get qualifying distributions for ISOs (unless stock price is decreasing)- unregistereed shares under 144 must be held for a minimum of 12 monts (6 months for registerred shares)- NQSOs: a. To avoid section 409A, the exercise price must not be less than the v...

Registered Pension Plan - Answer- refers to an arrangement offered by an employer or union to provide retirement benefits to plan members in the form of periodic payments during retirement. Defined benefit (DB) pension plan - Answer- refers to a registered pension plan that provides benefits based on the plan member's years of service and earnings. Defined contribution (DC) pension plan - Answer- refers to a registered pension plan that provides benefits based on the amount accumulated in...

What is FICA? correct answers-Federal Insurance Contributions Act -Made up of social security and medicare -levies taxes on all employees (even self-employed) 2020 Social Security Tax Rate correct answers6.2% of the first $137,700 in wages. Both employee and employer is 6.2%. Not subject to social security taxes if wages exceed this amount. This amount is DOUBLED for those who are self employed, 12.4% Medicare tax rate correct answers1.45% no cap (no wage limit on this tax) 2.9% for ...

Payments received in the years BEFORE you obtain FRA will be reduced $______for every $________ earned above the earnings cap. - ANS Old-age benefits of Social Security recipients may be reduced if the client earns income from wages and salary during retirement prior to Social Security's full retirement age. By how much are the benefits reduced? - ANS Benefits paid to persons in the years prior to attaining full retirement age are reduced by $1 for every $2 earned over the limit. ...

In the NHL, what is a two-way contract? The player has a discounted cap hit contract The contract includes a no-trade clause The player can move between the minors (AHL) and the NHL The contract may drop in value if the player is injured - Correct Answer The player can move between the minors (AHL) and the NHL What is considered a 'likely to be earned' cash incentive in the NFL? A performance incentive based on previous performance levels, thus it will not be included in the ...

What's the rule of 72? - Answer- How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? - Answer- A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the business. T/F f you start a busine...