NFL: 501(c)(6) non profit status
Rayfield Wright, 68, a Hall of Famer, said he was too proud to discuss his deteriorating mental health until now. “You’re supposed to be tough and invincible,” he said. Brandon Thibodeaux for The New York Times
Disability Attorney John Hogan
I have been meaning to write this for a while, as I am seeing a number of retired players who are not eligible for Social Security Disability Insurance benefits because they let their Social Security “quarters of coverage” lapse. To be entitled to SSDI benefits, a worker need to have what Social Security calls “currently insured status” as of the time that he became disabled. For most people who have worked and paid into Social Security for a number of years, this insured status will often continue for several years after they stop working. However, like insurance you might have for your car or home, you need to “keep the premiums paid”. With Social Security, it is done through FICA taxes taken out of paychecks, or taken from self-employment income.
I have seen a number of retired players go into “business” after leaving the NFL, and despite being successful, their accountants – in an effort to minimize or eliminate their taxes – expense most profit away. It is great to save on taxes, but they often are not paying into Social Security anymore. Other guys may get appearance fees, etc. that they might not be paying Social Security taxes on.
“I would not let my son play pro football”
click here: ‘I would not let my son play pro football’
Chairwoman Sanchez noted “half of all players retire because of injury, sixty percent of players suffer a concussion, at least one quarter of players suffer multiple concussions, and nearly two-thirds suffer an injury serious enough to sideline them for at least half of a football season.” Chairwoman Sanchez also added, “The NFL is considered to be the most brutal major American professional sports league.”