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Matt McCants let go by Chicago Bears
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WesternBlazer Offline
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Post: #1
Exclamation Matt McCants let go by Chicago Bears
https://www.al.com/sports/index.ssf/2018...on_re.html

The Detroit Lions announced they had signed tight end Wes Saxton (Hueytown, South Alabama) while the San Francisco 49ers waived cornerback Trovon Reed (Auburn) and the Chicago Bears terminated the contract of offensive lineman Matt McCants (Williamson, UAB).

Don't know how contract termination differs from being waived or released...
06-04-2018 10:13 PM
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UABFRENCHY Offline
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RE: Matt McCants let go by Chicago Bears
how many years did he play so far in the nfl?
enough be vested ?
06-05-2018 01:05 PM
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BlazerPhil Offline
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Post: #3
RE: Matt McCants let go by Chicago Bears
(06-05-2018 01:05 PM)UABFRENCHY Wrote:  how many years did he play so far in the nfl?
enough be vested ?

Yes, it looks like he will. I'm not sure how Matt will make ends meet on $22.560.00 a month, but if he quits now that's what he will get when he turns 55.


NFL
The NFL could stand for "Not For Long," with the average career lasting only three years - just enough to qualify for the league's pension plan. The league's plan is based on years of service in the league. Players who retired in the '80s and '90s receive anywhere from $3,000-5,640 per month for every season played in the NFL. Newly retired players receive $5,640 dollars monthly for every year of service. Players with 10 years of service receive an additional retirement bonus in the form of an annuity.

Players are eligible to receive their full benefits at the age of 55. While the pension plan is much worse than other sports, the NFL does offer a generous 401(k) plan. The league matches every player's contribution up to 200%. (Housing your retirement plan inside a variable annuity contract offers some big advantages, but only if you are close to retirement. Find out more, in Should Your 401(k) Be In An Annuity?)
06-05-2018 03:24 PM
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the_blazerman Offline
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Post: #4
RE: Matt McCants let go by Chicago Bears
The issue then is making it to 55.
06-05-2018 05:35 PM
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BAMANBLAZERFAN Offline
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Post: #5
RE: Matt McCants let go by Chicago Bears
While speaking of retirement pensions, what was the outcome of the lawsuit filed on behalf of the oldtimers who played in the early years of the NFL? There were claims that they were cut out of the "pension pie" in favor of younger players.
06-05-2018 05:42 PM
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