Starts at $200-425 per month depending on how many seasons played and during which years they played.
In addition, players receive contributions to the Player Annuity Program once they have earned their fourth credited season. The contribution amount for a credited season from 2011-2013 is $65,000, increasing to $80,000 for 2014-2017 and $95,000 from 2018-2020. Retirement benefits: Major League Baseball. Baseball was the first U.S. pro sport to have a pension plan, starting in 1947. Today, players become eligible for the minimum pension after just 43 days of service time at the major league level. MLB pensions are reputed to be among the most generous in sports. Players accrue full pension benefits when they achieve 10 years of service time, making them eligible for $200,000 a year for life (the maximum allowed by law in 2012) at the age of 62 So a player with five credited seasons between 1998 and 2011 would receive a monthly pension at age 55 of $2,350 for his lifetime. In addition to the pension, a 401(k)-type plan called the NFL Player Second Career Savings Plan provides an employer match of up to $2 for every $1 contributed by the player. The maximum match is $24,000 through 2014, rising incrementally to $28,000 through 2020. Retirement benefits: Major League Baseball. Baseball was the first U.S. pro sport to have a pension plan, starting in 1947. Today, players become eligible for the minimum pension after just 43 days of service time at the major league level. MLB pensions are reputed to be among the most generous in sports. Players accrue full pension benefits when they achieve 10 years of service time, making them eligible for $200,000 a year for life (the maximum allowed by law in 2012) at the age of 62 Pensions begin at age 62. Football: The NFL pension plan began in 1959 and covered every eligible player from 1920 on. To be eligible, the player only has to play 3 seasons after 1992, or 4 season before 1992. There are other benefits for disability for those whose injuries forced immediate retirement. Baseball: MLB was the first pro sport to set up a pension (1947). It originally offered $100/mo depending on the number of years played. The original requirement was 5 years service time, then it was reduced to 43 days for a full pension (1 day for medical). For each year of service, players who retired after 1981 receive annual pension payments of between $3,000 and $5,640. More recently-retired players receive annual payments closer to $5,640 for each year of service, while those who retired in the early '80s receive closer to $3,000 per year in the league. Players who played at least 10 seasons also receive a retirement bonus in the form of annuity income. According to Business Week the average NFL salary is 1.9 Million and the Median salary is 770 … ,000 dollars. So the average weekly salary is $118,750 per game the median weekly salary is $48,125 not a bad check either way. The pension, which players become eligible for at age 55, gives them $470/month for each season they played. A player with 4 seasons would get $1880/month starting at age 55, for the rest of their life. The NFL pays players the worst, on average, among professional sports organizations. Your typical NBA player makes a cool $5 million per year; your average NFL player makes $1.9 million — less than half. And the highest earners skew the average for both leagues, so the averages don’t represent most players. The median salary for an NFL player is $770,000. That sounds like a lot, but that salary is only earned over a few years. NFL players’ careers are very short compared to white-collar workers. Football players might have a retirement that’s 50 years long. Combine this with the average 3.5 year career of a player and you can see the problem Only retired players who played at least one NFL season prior to 1993 may elect to begin to receive benefits as of their 45th birthday. All other players must wait until age 55. Players who begin drawing their NFL pension before age 55 are penalized for doing so. This is referred to as “early retirement”. For example, a player who begins drawing his pension benefits at age 45 would only receive 45.2% of the monthly benefit that he would receive if he waited to draw his NFL pension at age 55. If a player waits until later than his 55th birthday to begin drawing his NFL pension, his monthly benefit will increase.  1 Basketball – Current players will receive $12,400 per year for each season played, maxed out at $124,000 (assuming retirement age of 62). 2  Football – Starts at $200-425 per month depending on how many seasons played and during which years they played. 3  Hockey – Each player has an individual pension account. Baseball: MLB was the first pro sport to set up a pension (1947). It originally offered $100/mo depending on the number of years played. The original requirement was 5 years service time, then it was reduced to 43 days for a full pension (1 day for medical).
http://www.bankrate.com/finance/retirement/retirement-benefits-professional-athletes.aspx http://www.bankrate.com/finance/retirement/retirement-benefits-professional-athletes.aspx http://cashmoneylife.com/sports-pensions/ http://www.answers.com/Q/What_is_the_average_retirement_salary_of_an_NFL_football_player http://blog.futureadvisor.com/nfl-players-must-go-long-on-retirement/ http://retiredplayers.org/2008/09/19/when-should-you-draw-your-nfl-pension/ http://cashmoneylife.com/sports-pensions/
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