Scarinci Hollenbeck, LLC, LLCScarinci Hollenbeck, LLC, LLC

Firm Insights

NFL Draft Part 2: What To Do About Picks and Trades

Author: Scarinci Hollenbeck, LLC

Date: January 19, 2015

Key Contacts

Back

Before, during and after the NFL Draft, teams are wheeling and dealing to get the players that they want.

In the words of my colleague Andy Ross, teams become a “league of Pinocchios” this time of year. While media pundits often try to guess who will end up on what team by the end of the NFL draft, the backroom trading that goes on makes this a difficult prospect indeed.

Players who are preparing for the draft often have a lot of questions about trading. While agents don’t have a massive role at this particular stage of the onboarding process, I will attempt to answer some of the more common questions here.

How do trades work?

While there aren’t many explicit restrictions in place as to when a team can or cannot trade a player, NFL teams almost always trade for current players, draft picks or a combination of the two categories. This tradition is in sharp contrast to European soccer leagues, where players are often traded in all cash deals.

Some of these deals get extremely complex. In 2009, the Chicago Bears traded their first and third round selections for 2009, their first round selection for 2010 and a player to the Denver Broncos in order to procure quarterback Jay Cutler.

How long do picked players sign for?

Players’ contracts are, to a large degree, determined by the collective bargaining agreement between the Player’s Union and the NFL. One of the stipulations of this CBA is that almost all rookie contracts are four years long.

There is a little bit of wiggle room in these negotiations, and some subtleties likewise exist in terms of a player’s ability  to explore other options before the end of his first four years, but we’ll discuss those in the next section of this series. The simple takeaway is that most players who are picked in the NFL Draft should expect to play for that team for the next four years if they are not traded to another team.

What if a player refuses to play for the team that drafts him?

Most of the time when a player refuses to sign with the team that drafts him, money is at the heart of the issue in one way or another. However, every so often a player is strongly disinclined to play for a team. In this situation, there are two possible outcomes.

NFL Draft picks are limited, so if a player absolutely refuses to play for a team, he will probably be traded. This allows the team to get some value out of him, as a player who will not sign is a waste of a draft pick. In 2004, Eli Manning was drafted by the San Diego Chargers who had the first overall pick, despite knowing that he did not want to play for their team. After some backroom talks and very awkward moments, Manning was traded to the Giants for Phillip Rivers and several top draft picks.

The other option is to refuse to sign outright and to enter the draft the following year. This is extremely rare, however, and could potentially cause other teams to view the player unfavorably.

The NFL Draft is an exciting, unpredictable time for players. Those that are not picked can still end up on NFL teams under certain circumstances, and some have even gone on to be very successful as free agents. Kurt Warner, for example, has played in several Super Bowls despite having never been drafted. I’ll discuss this more in part 4 of this series. In part 3, I will be explaining the steps that come next for players picked in the NFL Draft and what a good agent can do to ensure their success.

Will they? Won’t they? What’s your opinion on the NFL Draft? Feel free to leave your thoughts on the NFL draft in the comment section below.

No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Scarinci Hollenbeck, LLC, LLC

Related Posts

See all
How to Protect Your New Jersey Business When Going through a Divorce post image

How to Protect Your New Jersey Business When Going through a Divorce

The most effective ways to protect your business in a divorce are put in place before one begins: a prenuptial or postnuptial agreement, clean separation of business and personal finances, and divorce contingencies built into your operating or buy-sell agreements. If divorce is already underway, the priorities shift to establishing how the business is classified […]

Author: Jay McDaniel

Link to post with title - "How to Protect Your New Jersey Business When Going through a Divorce"
10 Common Issues in Franchise Disputes post image

10 Common Issues in Franchise Disputes

The most common franchise disputes involve breach of contract, franchise termination and non-renewal, intellectual property rights, territorial encroachment, royalty and fee payments, franchisor support obligations, and violations of state franchise laws such as the New Jersey Franchise Practices Act. Franchisors and franchisees can often resolve these conflicts by providing written notice detailing the dispute and […]

Author: Paul Grossman

Link to post with title - "10 Common Issues in Franchise Disputes"
Reputational Risk and Legal Exposure: Why New Jersey Businesses Must Manage Them Together post image

Reputational Risk and Legal Exposure: Why New Jersey Businesses Must Manage Them Together

New Jersey businesses must manage legal and reputational risk together because modern disputes play out on two fronts at once: the legal proceeding itself and the court of public opinion, where customers, employees, investors, and business partners often reach conclusions long before a judge or jury has had the opportunity to evaluate the facts. Success […]

Author: Sean M. Pena

Link to post with title - "Reputational Risk and Legal Exposure: Why New Jersey Businesses Must Manage Them Together"
Eviction Is Not Always the End: Understanding Post-Possession Rent Claims in New Jersey and New York post image

Eviction Is Not Always the End: Understanding Post-Possession Rent Claims in New Jersey and New York

No. An eviction does not automatically end a tenant’s obligation to pay rent. Post-eviction rent claims are common because recovering possession resolves who has the right to occupy the premises, but it does not extinguish the tenant’s contractual obligations under the lease. Whether unpaid or future rent remains owed depends on three factors: the lease’s […]

Author: Donald M. Pepe

Link to post with title - "Eviction Is Not Always the End: Understanding Post-Possession Rent Claims in New Jersey and New York"
Company Dissolved? Legal and Financial Consequences to Expect post image

Company Dissolved? Legal and Financial Consequences to Expect

A company is dissolved; legally, it ceases to exist. Accordingly, dissolution results in significant legal and financial consequences.  It is a process that must be properly managed to avoid continuing liability. The Corporate Dissolution Process Corporate dissolution is the legal process of formally closing a corporation, paying its debts and distributing the remaining assets. Most […]

Author: Jay McDaniel

Link to post with title - "Company Dissolved? Legal and Financial Consequences to Expect"
The Legal Implications of Signing a Triple Net Lease post image

The Legal Implications of Signing a Triple Net Lease

A triple net lease is a commercial lease in which the tenant pays the property’s real estate taxes, insurance, and maintenance costs, known as the three nets, in addition to base rent. They are most often used in freestanding retail and office buildings and in large single-tenant industrial properties, with terms that typically run 10 […]

Author: Donald M. Pepe

Link to post with title - "The Legal Implications of Signing a Triple Net Lease"

No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Sign up to get the latest from our attorneys!

Explore What Matters Most to You.

Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.

Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.

Let`s get in touch!

* The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form. By providing a telephone number and submitting this form you are consenting to be contacted by SMS text message. Message & data rates may apply. Message frequency may vary. You can reply STOP to opt-out of further messaging.
“If you would like to submit a file, please email it directly to info@sh-law.com.

Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!