MEMORANDUM

To:
From:
Date:
RE:

NFLPA Certified Contract Advisors

NFLPA Legal Department
September 19, 2016
Updated NFLPA Regulations Governing Contract Advisors

At the NFLPA Board of Player Representatives Meeting in March, the Board of Player Reps
(Board) passed several resolutions amending the NFLPA Regulations Governing Contract
Advisors (Regulations). Those amendments are reflected in the enclosed updated
Regulations (Amended Regulations) (which may be accessed here). The enclosed
Amended Regulations will go into effect on November 1, 2016 (Effective Date). Until the
Effective Date, the existing Regulations remain in effect.
As you know, NFLPA Certified Contract Advisors are required to abide by the Regulations.
This memo is intended to notify you of the Amended Regulations and provide you with an
opportunity to familiarize yourself with all changes prior to the Effective Date. The most
significant changes of which you should be aware are summarized below:
Designated Payee
The ability to designate multiple contract advisors on the existing Standard
Representation Agreement (SRA) caused confusion among players as to whom
payment for services must be made. As such, the Board resolved that the SRA designate
only one payee to whom the player shall submit payment. (See Section 5 of the SRA.)
Any fees owed to additional contract advisors under that SRA will be handled by the
Designated Payee.
Fees
The default fee for contract advisors services is 1.5% of compensation received by
player. The contract advisor and player may agree to a greater fee (up to 3%) or a lesser
fee by initialing the appropriate line on the SRA. (See Section (4)(B))
Notice to NFLPA about Charges
Contract advisors must notify the NFLPA of any criminal offense (not including minor
traffic violations) or civil charges in which allegations of fraud, misrepresentation,
embezzlement, misappropriation of funds, conversion, breach of fiduciary duty,
forgery, professional negligence, or legal malpractice were made, within ten (10)
business days of such charge. (See Section 3(A)(21))

Email Communication
Email has been added as an acceptable mode of communication for notice throughout
the Regulations.
Electronic Filing
All SRAs submitted under the Amended Regulations must be filed electronically with
the NFLPA. (See Appendix D, Paragraph 11) The NFLPA is currently working to
finalize this new electronic submission process and will inform you of the requirements
and guidelines associated therewith in the near future. Until you receive further
notification from us on this process, please continue to use the existing SRA and
submit to the NFLPA in accordance with past practice.
Feel free to contact the NFLPA Legal Department with any questions.