Who Won? - An Actuarial Analysis of the NFL Collective Bargaining Agreement

Open Access
Author:
Altman, Zachary Haze
Area of Honors:
Actuarial Science
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • Ron Gebhardtsbauer, Thesis Supervisor
  • Ron Gebhardtsbauer, Honors Advisor
  • Lisa Lipowski Posey, Faculty Reader
Keywords:
  • Actuarial Science
  • Actuarial
  • NFL
  • NFL Collective Bargaining Agreement
  • Collective Bargaining Agreement
  • CBA
  • Football
Abstract:
At the end of the 2010-2011 season of the National Football League (NFL), the Collective Bargaining Agreement between the NFL and the NFL Players Association (NFLPA) expired. Following the expiration of the CBA, a 136-day lockout occurred as the two sides attempted to create a new agreement that would allow the 2011 season to take place. After an extensive period of arbitration and negotiation the NFL and NFLPA came to terms with a new ten-year agreement, the 2011 NFL Collective Bargaining Agreement. This thesis examines the 2011 NFL Collective Bargaining Agreement from an actuarial perspective by comparing it to the previous CBA to identify the value of the negotiated changes. Through this process, a determination is made on whether the NFL or the NFLPA derived more financial benefit from the creation of the new CBA.