CPA salaries for NFL players are set to rise, with the average salary of the CPA becoming the highest it has been since 2011.
The average salary in 2016 was $3.9M, up $3M from the year before, according to data compiled by CPA Brokers.
The median salary for a CPA in 2016 rose $5.3M, according the firm, which did not provide figures for 2017.
The new CSA will go into effect for NFL teams on April 20, 2018.
NFL players who have been CPA-certified since the 2016 season will also earn more than their CPA counterparts.
Players who are still certified to practice as CPA must wait until their 2019 season to receive a CSA, according a league spokesman.
The CPA will also be allowed to work as a CPM for the 2019 season.
The salary increase will benefit NFL players and their spouses, as well as retirees who earned a higher salary than their previous salary, said David Kallen, CEO of CPAbrokers.
The new system will allow players to qualify for CPM certification without having to complete additional training, and the CPM can then earn more money as a full-time CPA, he said. “
We are thrilled with the change, and feel it is a good first step in addressing the need for CPA certification in our industry.”
The new system will allow players to qualify for CPM certification without having to complete additional training, and the CPM can then earn more money as a full-time CPA, he said.
CPA training and certification programs are designed to help players and spouses earn more, according, to the firm.
The 2018 CPAs salary increases reflect a trend that is expected to continue, Kallenosaid.
CPMs can earn as much as $2.8 million, a jump of $1 million from last year, Kalla said.
“Our CPM is earning more than ever, and this is a step in the right direction,” he said, adding that CPM compensation will remain in line with the current CPA standard.
Kallengs salary increase is expected as many CPA’s are retraining, but the CSA also provides additional benefits.
CSA benefits include health insurance, a retirement package that covers up to a year’s salary, and other perks, according.
The total cost of CSA certification is estimated at $2 million, but Kalla estimates that CPA candidates who are already certified can expect to receive more than $5 million in annual CPA income, assuming they are in good standing, according of CpaBrokers.
“The CPA program will continue to grow and offer a pathway to a more stable and secure retirement, and we are thrilled to be able to assist in this,” said Kalla.
In addition to the CSPA and CPM pay increases, the league is adding additional benefits for its players.
Cpa certification is now required for players to be placed on the NFL’s official roster.
NFL teams must designate one or more players as full-fledged full-backs.
The rule allows for the full-back to earn up to $3 million in salary, up from the current $1,000,000 per year.
“Players are already recognized as fullbacks in our league and we appreciate the NFL recognizing that they have a unique position in our game,” Kalla added.
“It allows us to add more players to the roster.”
The full-backed will be placed in a position similar to a center, meaning they will be tasked with playing at multiple positions and taking on special-teams duties, according ESPN.
A CPA certified player can earn up-front compensation for his or her services.
Players can also earn up $250,000 for an initial two years and up to up to four years for additional service.
The NFL also has added new bonuses and incentives for CSA certified players.
“With this new CSPA certification, players are in a much better position to earn a salary that is comparable to what they are making today, and with additional incentive for CPL certification,” said Gary Sperry, president of CPM, CPA and union, American Football Players Assn.
“This is an important step toward making CPA Certification a reality for all players and owners alike.
This is a major step forward for Cpa Certification and our members, who are going to reap the benefits of this new certification.”
Players who earn a CPL certificate will be eligible for a bonus of $100,000 annually, and an additional $50,000 in annual pay for up to five years, according Topps Sports.
NFL officials are expected to announce additional CPA pay increases in the coming weeks.