Starting 2011 many NFL players with their over-inflated egos are about to be given a reality check. The economy is getting much worse internally and that will have a ripple effect that will spread into sports. Hockey overall has declining revenues. The NBA is sinking. MLB will be next. The NFL will not be immune to it. I’m happy to be a Panthers fan where our owner seems to be economically informed about what is coming. There will be plenty of money for the players to prosper…but not these ridiculous salaries.
Once the lockout begins the players will eventually fold. Too many players are financially incompetent to be able to survive too long without a paycheck. They will have to settle just like the hockey players had to settle. If 78% of NFL players are broke/bankrupt 3 years after leaving the NFL, then you can bet these guys can’t last a year collectively against the owners who are ready to make a stand.
This is a power grab by the owners for their own gain but also because anyone who is really paying attention to economic factors knows that sports will take a back seat when the real housing meltdown is finished (2010 and 2011 foreclosure rates are each worse than 2008...and I'm not even going into the whole municipal bond failures!) The wake up call is coming. Players will still be paid high salaries, but the $10 million per year will be few and far between.
I don’t mean to sound so down about the economic future…but runaway freight trains(housing and financial systems) are hard to stop.
Maybe someone can give the before and after lockout comparison of salary levels for hockey.