XFL players to get pennies on the dollar for what they are owed

XFL players to get pennies on the dollar for what they are owed

When the XFL shut its doors March 13, 2020, and a month later filed for chapter 11 bankruptcy, the roughly 450 players on the eight teams each were due, on average, more than $14,000, according to calculations by a players’ group. Most filed claims for $14,560, a huge sum for an out-of-work minor league football player, based on advice from that group.

Instead, they will be getting as little as 4 cents on the dollar of that amount, or $580, and then not until the end of this year or early next, based on a decision of the plan administrator in the ongoing bankruptcy.

“So that was kind of, you know, guys were thinking $14,000 … that was kind of where we had all kind of figured out, based off the contract and stuff like that,” said Kenneth Farrow, who played on the Seattle Dragons and is a co-founder of the United Football Players Association, which wants to represent players in developmental football leagues.

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