The reigning Heisman winner scored 4 touchdowns in Saturday’s 52-42 loss to Washington. Today we will discuss about Caleb Williams: Wants ownership of team that drafts him
Caleb Williams: Wants ownership of team that drafts him
After the game, the quarterback was emotional and his family was there to calm him down.
Wants ownership of team that drafts him
Old news is resurfacing that USC quarterback Caleb Williams is demanding an ownership stake as part of the rookie contract he signs when entering the 2024 NFL Draft. This is clearly, unequivocally, never, ever going to happen.
Caleb Williams wants to own an NFL team. Unlocking that answer highlights the unique characteristics of the NFL – an association of independently owned, competing businesses that collectively seek to avoid antitrust and labor law violations.
Last week, an unsubstantiated rumor surfaced claiming that USC’s star quarterback — who is expected to go first overall in the 2024 NFL Draft — wants an equity stake in whichever team drafts him.
There are several reasons why player-ownership is not possible in today’s NFL.
Reasons
First, a player’s compensation is limited to the value of his employment contract, and that contract is governed by the collectively bargained “NFL Player Contract.”
This standard contract, which appears as Appendix A to the collective bargaining agreement, “sets out all components of a player’s remuneration for playing professional football.” Other agreements involving “consideration of any kind” are prohibited. According to the CBA, a team providing equity in the form of a pledge to a player currently or for some time in the future will be void.
Second, the CBA includes limitations on compensation as part of the salary cap and rookie pay scale.
A team cannot circumvent the salary cap or salary scale with a side deal, as was the case with the New Orleans Saints’ “bounty” controversy and off-the-book bonuses. The NFL rookie pay scale determines salary based on a player’s selection. Article 14 of the CBA clearly states that attempts to circumvent those rules through “promises, undertakings, representations, commitments, inducements, assurances of intention, or understandings of any kind” are prohibited
