Monday, December 29, 2008

NFL - 409A Update

NFL - 409A Update from National Football Post - "Language Has Been Vetted by NFLPA and NFL Management Council"

"There was a bit of activity on the contract front last week when the Cowboys formalized a deal with tackle Marc Colombo for four years and $22M, with about half guaranteed. The deal was being held up by the 409a tax code issue, which I discussed earlier. There is now language that has been vetted by the NFLPA and the NFL Management Council that allows teams to amend contracts as needed so the player does not suffer tax consequences on deferred bonus money, which virtually all bonus money is."

Article Also Discusses Dallas Cowboys Recent Free Agent Signings and Potential Salary Cap Issues

Dallas Cowboy Performance 12/28 Here.

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