NFL Alumni Announces SportVEST VC Fund as its Venture Arm

MOUNT LAUREL, N.J., Feb. 15, 2019 — NFL Alumni (NFLA) today announced SportVEST VC Fund as its new Venture Arm, to access unique and exclusive investment opportunities in global sports innovation.

Beasley Reece, CEO of the NFLA commented, “This partnership tackles one of our highest priorities in developing ways to provide investment opportunities to our members. We strive to help former players succeed in their post-NFL lives, and connecting alumni with services that can enhance their financial stability. SportVEST teaches models for financial success.”

Additionally, the NFLA joins SportVEST’s Board, giving the association and its members access to many benefits such as investment opportunities, alternative revenue streams through gaming, wearables, endorsements and sponsorships, as well as valuable learning tools.

Ben Godfrey, General Partner at SportVEST added, “SportVEST and the NFLA share the same mission and values. Our aim is to bring a win-win strategy of unique innovative investment opportunities to NFLA and its members but also provide them with real added value. Through regular workshops NFLA members will learn valuable skills including entrepreneurship, blockchain, tokenization and how to turn an idea into a successful business coupled with opportunity to gain hands on experience in the fund’s portfolio companies. The NFL Alumni is an exclusive partner with SportVEST Foundation which will be contributing and reinvesting into both social and charitable causes that are important to NFLA members.”

In addition to the Advisory Board seat occupied by the NFLA, SportVEST is also pleased to introduce its latest members to its Athletes Advisory Board: former NFL Pro Bowl players Phil Villapiano and Shawn Springs, as well as seven-year NFL veteran DB Ray Ellis.

About SportVEST VC Fund
Founded in 2016, SportVEST is a division of Global Sports, Inc. a Delaware Corporation. SportVEST VC Fund is partially tokenized and uses blockchain technology. Investing globally in Post Seed / Pre Series sports businesses with the aim of becoming a market leader in the space helping grow the sports ecosystem. For more information, please visit sportvest.io.

About NFL Alumni
NFL Alumni, a non-profit organization, is comprised of former NFL players, coaches, staffers, cheerleaders, spouses, and associate members whose mission is to serve, assist and inform former players and their families. The Alumni offers a variety of medical, financial, and social programs to help members lead healthy, productive and connected lives, as well as community initiatives under its “Caring for Kids” programs. Pro Football Legends is the commercial marketing arm of the NFL Alumni. For more information, please visit www.nflalumni.org.

NFL Alumni & Hall of Fame In First-Ever Partnership

 

 

NFL Alumni and the Pro Football Hall of Fame have joined together in a first-ever partnership to provide additional healthcare services to retired NFL players.

Whether you are enshrined in Canton or a former undrafted free agent, this new partnership can serve as a valuable medical benefit to you and your family.

NFL Alumni last summer entered an agreement with PriceMDs that offers high-quality medical services at a reduced cost to NFLA members and immediate family. Price MDs offers a discount to more than 400 outpatient surgical procedures through a network of 800 centers and thousands of physicians in 44 states around the country.

Earlier this week, the Pro Football Hall of Fame joined this partnership not only to assist its 180 enshrinees but also to bring additional promotional attention to PriceMDs’ premium services.

“This affiliation can be a valuable resource to all our members,” says NFL Alumni CEO Beasley Reece. “We look forward to working closely with Pro Football Hall of Fame President David Baker and Price MDs to improve the health and wellness of our members.” (See below for more details regarding this new partnership.)

NFL Pensions Vary Greatly Among Generations

 

What is the difference in monthly payments at the normal retirement age of 55 between the pre-93 veterans and those active players on NFL rosters this season?

The answer is: there are a number of factors at play here. For example, a vested player who played prior to 1982 receives $250 per month for each vested season plus another $124 (if you played before 1975) or $108 (if you played between 1975-92) per month per season in Legacy payments.

In comparison, an active player in 2018 will receive $760 per month in pension for each vested season if he begins collecting at age 55.

There are many factors that account for varying pension dollar amounts even for players who played the same number of seasons during the same time period. The primary factors include the age a player begins receiving his pension (the older the age a player begins his benefit, the larger the benefit) and the player’s payments (he can elect to have a beneficiary receive survivor benefits ranging from 25-100 percent of his benefit). That will change the amount a player receives in pensions payments while he is alive.

Below is a chart that shows Pension Benefits and Legacy Credits for several decades.

If player alumni have questions regarding your own pension, you should call the NFL Player Benefits Office at (800) 638-3186 or email at benefits@nflpb.org