Article 55ANFL Player Capital Accumulation Plan
Section 1. Maintenance
The current terms of the NFL Player Capital Accumulation Plan (“CAP Plan”), a jointly administered Taft-Hartley multiemployer defined contribution plan, will be continued and maintained in full force and effect during the term of this Agreement, except as amended below, and all past and future amendments thereto as adopted in accordance with the terms of that Plan, are incorporated by reference and made a part of this Agreement; provided, however, that the terms used in such Plan and the definitions of such terms are applicable only to such Plan and shall have no applicability to this Agreement unless the context of this Agreement specifically mandates the use of such terms.
Section 2. Contributions
For each Credited Season earned during the 2020 Plan Year through the 2030 Plan Year, NFL Clubs will make an allocation to the CAP Plan for each Plan Year based on Credited Seasons earned as follows:
Number of Credited Seasons (Including Credited
Seasons Earned During Such Plan Year)
Allocation 1 $0 2 $2,500 3 $2,500 4 or more $35,000
Section 3. Timing
The NFL Clubs will be required to contribute by December 1 of such Plan Year for those players who earn a Credited Season by and through the sixth week of the regular season, and by the last day of such Plan Year (March 31 of the following calendar year) for all other eligible players.
Section 4. Expenses
The NFL Clubs will make advanced contributions to the CAP Plan in an amount sufficient to pay all administrative expenses approved by the CAP Board. Player forfeitures, as determined under the vesting schedule described in the CAP Plan, will be used to reduce the amount of advanced contributions.
Section 5. Future Contributions
Contributions to the CAP Plan, if any, for subsequent years will be determined pursuant to future collective bargaining agreements, if any.