NFL Collective Bargaining Agreement
Salary Cap Accounting Rules
Section 6(e)(ii)Valuation of Player Contracts
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:
(e)(ii)
A fraudulent agreement pursuant to which the player and the Club claim that the player has received a “loan” from the Club, when in fact there is no bona fide loan and the player is merely holding the money for the Club so that he can purport to “repay” the Club during a subsequent Capped Year (and thereby transfer a credit to the Club’s Team Salary for that year), constitutes an improper circumvention of the Salary Cap in violation of Subsection 6(e)(i) above.