NFLPA creates fund to help offset potential lockout losses

INDIANAPOLIS -- To help offset the potential loss of money due to a lockout, the NFL Players Association will be paying players lump-sum checks, according to sources.

The "strike fund" will pay players based on years of service in the league. For example, a player with three years or more experience will be given a check for $59,000. First- and second-year players will receive less than that.

The money comes from a fund created from player dues and royalties that the union held in case of this lockout. It hasn't been determined yet when the money will be paid out.

The money will help keep the players solid in their quest to land a new CBA with the league's owners. It will help to offset the $200 million in roster, workout and option bonuses that will not be paid Friday if there is a lockout.

The current CBA expires Thursday night, and while the two sides have negotiated and had seven days discussing things with a mediator, a new deal is said to be far from getting done.