Posted on 01/09/2024 11:22:00 AM PST by dynachrome
The National Football League offered voluntary buyouts to at least 200 employees as it gears up for start of the playoffs this coming weekend, according to a memo obtained by CNBC.
The NFL, which has about 1,100 employees, told staff that it is “continuously evaluating ways to enhance efficiency and improve outcomes,” according to the memo.
“Every organization is increasingly challenged to be agile, responsible and strategic. The NFL is no exception,” the memo says.
The buyouts come when the league has shown financial strength, with revenue in 2022 hitting nearly $12 billion. Commissioner Roger Goodell has set a goal of reaching $25 billion in annual revenue by the year 2027. Teams are also valued at high levels. In July, NFL owners approved the sale of the Washington Commanders, a franchise that hasn’t won a Super Bowl in over three decades, for a record $6 billion.
The league sent the buyout memo to employees aged 50 years and older who qualified, depending on the number of years worked in the league office. It wasn’t immediately clear how many buyouts the NFL is aiming for.
(Excerpt) Read more at cnbc.com ...
50 years old and older. Gee, that’s an age discrimination lawsuit waiting to be filed. Those individuals will make so much money in such a lawsuit, it will be for more than they’d make working for an additional 15-20 years.
Sort of like when the NFL took the Super Bowl away from Arizona because Arizona had not made MLK’s birthday a state holiday at the same time the NFL didn’t give its own employees off for MLK’s birthday.
There is not necessarily any discrimination going on with this plan from the NFL. You offer to buy out your high priced help. But if they stay, they stay, you don't lay them off.
The season is almost over. This is like when I fire my landscaper every fall.
I’ve had employees who only kept working because they were hoping for a buy out. That buy out could add thousands to their retirement funds.
As their boss, I was happy to help them with their buy outs. I successfully made the case for two of my people to get buy outs (it wasn’t an automatic thing).
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