NFL Collective Bargaining Agreement

Article 12
Revenue Accounting and Calculation of the Salary Cap

Section 6(c)(iv)(F)(7)
Calculation of the Player Cost Amount and Salary Cap

(c)(iv)(F)(7)

For the current League Year, increase the Player Cost Amount by the Kicker Value, then reduce it by the Kicker Credit, and then adjust it by a percentage of the Cumulative Bank, which percentage shall be the same percentage as the AR from the New Media Contracts in that League Year is to the total value of the New Media Contracts with respect to League Years under this Agreement (e.g., if the AR from the first League Year covered by the New Media Contracts is 10% of the total value of the New Media Contracts with respect to League Years covered by this Agreement, then 10% of the Cumulative Bank (whether that is a positive or negative number) shall be applied in that first League Year). For the avoidance of doubt, the Kicker Bank (which operates in effect as a “trueup”) can result in a final Player Cost Amount that exceeds the ceiling or is lower than the floor that would otherwise apply.