biggbys coffee stock is going through a major shake-up.
The stock, which closed Friday at $5.10, has been in the news for a couple of weeks now as the NFL Players Association is trying to negotiate a new collective bargaining agreement that could affect the company’s future.
A settlement could mean a $5 billion payout for Biggby’s owners, or that the stock could be cut to reflect the company was a failure.
But if Biggbys stock goes under, it could also represent a big risk for the NFL.
Biggbers stock was trading at more than $2.5 billion when the latest round of talks broke down, according to market tracker Bespoke Investment Group.
The stock could drop below $1 billion as the talks continue, and even more if the NFL’s owners are unable to reach an agreement with the league.
Biggio’s stock could also tank as more investors weigh in on the stock.
The NFLPA, led by the New York Giants’ Steve Tisch, has a strong track record when it comes to bargaining.
In 2010, the union negotiated a deal that guaranteed Biggio the franchise tag for five years.
The franchise tag has been an important tool in NFL negotiations for many years.
Biggio’s deal would have paid him a maximum of $11.1 million in 2015 and $10 million in 2016.
The Giants would have been able to retain their first-round pick in the 2016 draft, and Biggio could have earned a $4.7 million signing bonus.
But the Giants were forced to trade up for linebacker Olivier Vernon and cornerback Stephon Gilmore, both of whom were not in the same class of the 2016 class.
According to ESPN’s Adam Schefter, the league has not made a deal yet, but the timing could change.
Biggbys deal could mean the NFL would need to cut ties with Biggbies owner, Tim Biggbs family.
Biggs family owns a majority stake in the company.
In an interview with ESPN, Biggbits father, Jim, said he does not expect the NFLPA to strike a deal.
He said he has faith that they will be able to work something out.
Jim Biggbons father said he did not expect any changes in the NFL contract talks, but it would be nice to see some progress.
“I would be more than happy if they came to an agreement,” Jim Biggbts said.
I’m confident that we’ll have a deal in the next few days.
But we just have to keep our heads down, keep trying to get things done, keep working on the things that we need to get done.
Biggby has been a part of the NFL for years and has been able, even in a difficult situation, to get through.
His legacy and influence in the league are still immense.
Follow Daniel Jeremiah on Twitter @MoveTheSticks.