A player's salary, as defined by the CBA, includes any "compensation in money, property, investments, loans or anything else of value to which an NFL player may be awarded" excluding such benefits as insurance and pension. A salary can include an annual pay and a one-time "signing bonus" which is paid in full when the player signs his contract. For the purposes of the salary cap (see below), the signing bonus is prorated over the life of the contract rather than to the year in which the signing bonus is paid.[36]
Player contracts are not guaranteed; teams are only required to pay on the contract as long as the player remains a member of the team. If the player is cut, or quits, for any reason, the balance of the contract is voided and the player receives no further compensation.[37]
Among other things, the CBA establishes a minimum salary for its players,[36] which is stepped-up as a player's years of experience increase. Players and their agents may negotiate with clubs for higher salaries, and frequently do.
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