NFL Collective Bargaining Agreement

Article 13
Salary Cap Accounting Rules

Section 6(e)(v)
Valuation of Player Contracts - Annuities

Notwithstanding any provision in a Player Contract to the contrary or when such payments are actually made, the following rules shall apply in determining the amount of a player’s Salary that is to be included in Team Salary in a particular League Year for purposes of the Salary Cap:


The cost to the Team of any annuity provided to any player (but not including any annuity provided pursuant to the Player Annuity Program described in Article 55), computed at the one-year Treasury Note rate on February 1 of the applicable League Year, shall be included immediately in Team Salary.