How much money does an NFL Hall of Famer earn in residuals?

Question

The players inducted into the Hall of Fame, do they get paid yearly?

Answer 1

First of all, I have to correct you. Players are not "inducted" into the Hall of Fame. They are "enshrined." The Hall makes a big deal about the distinction and you will never see the word "inducted" or "inductee" associated with the Hall of Fame.

Next, it's not the NFL Hall of Fame - it's the Pro Football Hall of Fame. The NFL has nothing to do with it. Sure, most of the enshrinees played for the NFL, but it's not a requirement. And the NFL certainly doesn't own it.

OK, with all that, there is no money associated with being enshrined in the Hall of Fame. It's an honor pure and simple. The Hall pays for your trip to Canton and first class accommodations during the weekend you are enshrined, but that's it.

They don't even make any money off of the memorabilia that's sold in the gift shop that may have their names and photos on it. Nobody in the Hall would think of asking for a cent of this.

Answer 2

i looked it up and was unable to find what their current monthly amounts are but some of the older players dont even get $150 a month.  but they get other benefits such as medical and insurance policies. here's part of an article about it

Many ex-players envy Major League Baseball retirees for their pension plan, which pays $175,000 annually for life after age 62 to players with 10 years of service.

"The MLB average pension benefits are three times higher at $36,700 average vs. the NFL's $12,165 average benefit," former cornerback Bernie Parrish says, using a figure based on the average pensions of all retired players, not just recent ones.

"According to Forbes, baseball's gross income is approximately $4.3 billion while the NFL's gross is over $7.1 billion. ... Baseball continues to prosper on less income and higher expenses. There is no excuse not to have the NFL retirement benefits matching MLB's."

To help assist veterans in need, Carson, Ditka, DeLamielleure, former Packers guard Jerry Kramer and other former NFL stars have launched the Gridiron Greats Assistance Fund, a non-stock, non-profit corporation. Through auctions and donations, the GGAF has raised about $350,000 since Feb. 2.

NFLPA spokesman Carl Francis says the union appreciates what the GGAF is doing but wonders why it has never contacted Upshaw.

"They've never requested a meeting to say, 'Let's work together to help veterans in need,'" Francis says.

"They're playing a public relations game, doing everything through press conferences. But the bottom line is getting things done to help these retired players."

Kramer, a founding member of the GGAF, says he'd like to see the NFL increase everybody's pension to at least the poverty level. His pension amounts to $358 a month.

"The NFL needs to address this so guys don't have to be living in the (bleeping) homeless shelter," Kramer says.

Answer 3

It depends on what it says in any contracts they have made.  Payment terms would also be included in the contractual agreements, so that would vary.

Answer 4

Not a cent.