Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

AFL Players, League Agree on Five-Year, $1.4 Billion Labor Deal

Don't Miss Out —
Follow us on:

Dec. 15 (Bloomberg) -- Australian Football League players and the league agreed on a new labor deal worth A$1.4 billion ($1.4 billion) over the next five years, bringing to an end 18 months of negotiations.

The AFL and AFL Players’ Association today signed a collective bargaining agreement under which the average player salary will rise to about A$300,000 by 2016, the AFL said.

“This is an excellent outcome for all parties,” AFL Chief Executive Officer Andrew Demetriou said in a televised news conference. “The agreement makes AFL players the best rewarded athletes in Australia.”

The accord will be reviewed in 2014. Although the players’ association had wanted a three-year agreement, the Melbourne-based AFL wanted the length of the deal to concur with the five-year, A$1.25 billion broadcasting contracts it signed in April.

To contact the editor responsible for this story: Dan Baynes at dbaynes@bloomberg.net