Does a Waived NFL Player Get Paid?
Contents
Get the answer to the question “Does a Waived NFL Player Get Paid?” and learn more about NFL player contracts and how they are paid.
Introduction
In the National Football League (NFL), players who are cut from their team are said to be “waived.” They are also sometimes referred to as “released.” When a player is waived, he is removed from the team’s roster and is free to sign with any other NFL team. He may also choose to retire from the NFL.
However, just because a player is waived does not mean that he is no longer paid by his previous team. In fact, most NFL contracts contain what is known as “guaranteed money.” This means that a certain amount of the player’s salary is guaranteed to be paid to him, even if he is waived before the end of his contract.
So, if an NFL player is waived, he will still receive the guaranteed money that was agreed upon in his contract. However, he will not receive any additional money from his former team if he signs with another NFL team. Additionally, if a player retires from the NFL after being waived, he will not receive any future salary payments from his former team.
What Happens to a Waived Player’s Salary?
When an NFL player is waived, their contract is terminated and they are free to sign with any other team in the league. However, what happens to their salary? Do they get paid for the rest of the season?
The answer is yes and no. If a player is waived during the season, they are still entitled to any salary that is guaranteed in their contract. However, if they are waived after the season has concluded, they are not owed any further money from their previous team.
In addition, if a player is cut before the start of the season, they may be eligible for what is known as “terminal pay.” This is a one-time payment that is given to players who have their contracts terminated before the start of the season. The amount of terminal pay is typically equal to one week’s worth of salary for every year that was left on the player’s contract.
How Much Money Do Waived Players Make?
If an NFL player is waived by their team, they are still legally bound by their contracts and are still owed their guaranteed money. However, they are no longer part of the team and are free to sign with any other team in the league.
The amount of money a waived player is owed depends on their contract. For example, if a player signed a four-year, $20 million contract with $10 million guaranteed, they would be owed the $10 million no matter what. If that same player was then cut after one year, they would only be owed $2.5 million because that is all that is left on the contract.
Players who are waived are typically paid less than those who are released because they have not fulfilled their contractual obligations. For example, a player who signed a four-year, $40 million contract with $20 million guaranteed but was then cut after two years would only be owed $15 million instead of the full $20 million.
What Happens to a Waived Player’s Contract?
When a player is waived, the team essentially releases him from the roster and is no longer obligated to pay him his salary. However, things are a little more complicated than that. If a player has signed a multi-year contract, he is still owed that money by the team, but it is paid out over the life of the contract instead of in one lump sum. For example, if a player signs a four-year, $20 million contract and is waived after two years, he will still be owed $10 million by the team. That money is spread out over the remaining two years of his contract and he will receive it even if he signs with another team.
Conclusion
If you are waived by an NFL team, you are still entitled to your full salary for the season. However, you will not be paid by the team that waived you. Instead, your salary will be paid by the NFL’s Waiver System. If you are claimed off of waivers by another team, then that team will begin paying your salary. If you are not claimed off of waivers, then you become a free agent and can sign with any team that you choose.
