Monday, May 9, 2011

NFL Players Asking For Lower Alimony Payments; NBA Watching Closely

While NFL players lose paychecks, and the lockout continues to be stuck at a stand-still, the repercussions of a trickle-down effect could reach the littlest and most innocent of victims--player's children.  Out of work NFL players have now reached out to lawyers in hope of having their alimony and child-support payments modified to lower amounts.  The NBA, with their contract expiring in two months, must be watching this scenario closely.

According a report in the Bloomberg Business Report, a number of unidentified NFL players are preparing for the worst and looking into modifications of financial support if the dead lock between the NFLPA and team owners shuts down the 2011 season, leaving many players with no income.

The report said if the NFL players are unable to reach a collective bargaining agreement with their union, many more players will be looking for modifications in their support requirements.

The poster-child for child support, New York Jets defensive back Antonio Cromartie, already has his 2 year-old son's mother a little nervous and she is probably not alone.  Cromartie is reported to have sired nine children with eight different women.

Tina Julien, a 33 year-old nurse from California, said she is worried about being able to afford child-care for Cromartie's son if the NFLPA and team owners don't shake hands.

"The money I get from him [Cromartie] is definitely important," she stressed.  "Something would have to give."

Julien did not disclose how much support she receives from Cromartie.  The Jets defensive back made $1.7 million last season.

Raoul Felder, the well-known divorce lawyer with a history of famous clients, said it is not uncommon for the unemployed to make support modifications to ease their situation.  He said many Wall Street executives made the same moves during the recent crash.

"The NFL is an industry, and the industry is in trouble," said Felder.  "The men can't meet their obligations."

NFL players earn an average of about $1.8 million a year.  NBA players earn close to $6 million and are expecting a lockout when their basketball contract expires on June 30.

Judges usually allow modifications for child support during times of financial stress but, only after checking the athlete's outside income and selling off of assets including real estate, autos and even championship rings.  The players are not covered by their teams during the lockout and must now pay the added expense of up to $2000 a month for health insurance.

Most pro-athletes can usually afford the hit on their lifestyles during a loss of income, but it is their children's mothers and ex-wives who get clobbered when offered financial modifications.

The players are surrounded by an army of lawyers and agents bent on spreading butter on their own bread, while the women are left holding the licked clean knife unless they cut back or sell their self-esteem to some tawdry reality show.

Even if the NFLPA and team owners hug it out with an agreement, the players won't get their first paychecks until September.

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