More than 200 NFL league employees offered buyout package
By: Terry Lefton - Sports Business JournalWhile the NFL’s postseason is days away, it is layoffs, rather than playoffs, that are a principal concern within the league’s Park Avenue, Manhattan headquarters. Industry sources say that 200-plus tenured league employees across departments were emailed a voluntary buyout package Monday. Using a formula that added service time to the number 50, any employee with a score of 70 or above qualified for the package, sources said.
Among the benefits offered in the package: three weeks salary for every year served, plus bonuses. Employees have until late February to take the buyout, sources said.
The Super Bowl is Feb. 11.
League employees were told:
“The league has worked to adapt to the changing business environment, aligning resources with key investment opportunities, and are continuously evaluating ways to enhance efficiency and improve outcomes. Together we have defined the League’s strategic priorities and identified areas for significant growth and investment. Those areas – such as international expansion, the growth of flag football, and the continued development of media and digital platforms – will help shape the future of the game. And the internal operations – how we operate, where we invest our capital, and the workforce – must evolve to align with these strategic priorities to best position the League for continued success.”
It’s unclear more precisely what is prompting this action, or exactly how many positions the NFL is looking to eliminate.
In March, the NFL Network laid off around 5% of its workforce.
