Wednesday, April 29, 2026
FOS Expands to TV More Details

NFLPA Head Has Side Hustle With PE Firm That Can Invest in NFL Teams

Lloyd Howell Jr. faces fresh controversy for a part-time consultant role he has with one of the PE firms that is allowed to invest in NFL teams.

Feb 5, 2025; New Orleans, LA, USA; NFLPA executive director Lloyd Howell during the NFLPA press conference at the Super Bowl LIX media center at the Ernest N. Morial Convention Center.
Kirby Lee-Imagn Images

The NFLPA’s embattled executive director, already under fire for his handling of the collusion case over fully guaranteed contacts, is facing fresh controversy because of a part-time consultant role he has with one of the private-equity firms that is approved to invest in NFL teams.

Lloyd Howell Jr. has been working as a part-time, paid consultant for Carlyle Group’s aerospace and defense investment team since March 2023—three months before he was elected into his NFLPA leadership role—according to ESPN. Carlyle is one of the four private-equity firms that were approved to buy passive minority stakes in NFL teams last summer.

Howell is apparently aware that his Carlyle role could raise questions; in September 2024, a senior union lawyer asked him to consider stepping down from the PE firm to “avoid the appearance of a conflict of interest if the term takes an ownership stake in an NFL franchise,” but Howell declined, ESPN reported Thursday.

Carlyle spokesperson Kristen Ashton said in an emailed statement that Howell “had no access to information about the NFL and Carlyle process beyond public news reports due to strict Carlyle information barriers in place,” and that the firm “was not aware of the request from union lawyers for Lloyd to resign from Carlyle.”

News of Howell’s role with Carlyle, and the revelation he declined a union attorney’s request to step down, comes as he has been scrutinized for his role in keeping private an arbitration decision from earlier this year that cleared the league and its owners of collusion allegations. The ruling—unearthed by journalists Pablo Torre and Mike Florio—made clear that the evidence was not sufficient to prove collusion, though some communications between league executives and team owners appear to have toed the line.

Although it’s not unusual for arbitration rulings like the one in this case to be kept from the public, it’s notable that many members of the NFLPA—players—did not know about the specifics of the decision until recently. ESPN reported Wednesday that the NFL and senior leaders of the NFLPA, including Howell, “struck an unusual confidentiality agreement that hid the details” of the ruling.

The collusion case dates back to October 2022—months after Deshaun Watson signed a five-year, fully guaranteed contract with the Browns worth $230 million—when the NFLPA filed a grievance against the league, alleging collusion by team owners to limit fully guaranteed contracts. The grievance originally centered on three quarterbacks—Lamar Jackson, Kyler Murray, and Russell Wilson—but was later expanded to seek relief on behalf of 594 players.

A source familiar with the matter confirmed Thursday that the NFLPA intends to appeal the ruling, something that was included in ESPN’s Wednesday report.

Howell faces an additional headache. According to ESPN, the NFLPA last month hired veteran litigation attorney Ronald C. Machen of WilmerHale to assist a special committee of players in reviewing Howell’s “activities as the executive director.” Machen’s hiring came in response to a reported investigation by the FBI and federal prosecutors over the union’s “financial dealings” tied to a licensing firm called OneTeam Partners (that probe has also ensnared the MLBPA).  Machen did not immediately respond to a request for comment Thursday.

The NFL did not immediately respond to a request for comment. A representative for the NFLPA declined to comment.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL Draft Viewership Falls 12%, Averages 6.6M Over Three Days

Coverage across all networks averaged 6.6. million viewers.
Feb 5, 2026; Santa Clara, CA, USA; New England Patriots head coach Mike Vrabel talks to media members at the Santa Clara Marriott. Mandatory Credit: Darren Yamashita-Imagn Images

From Sideline to Spotlight: Mike Vrabel Faces Celebrity Frenzy

Vrabel has been a tabloid fixture in recent weeks.

Titans’ Post-Vrabel Shake-Up Continues With Chad Brinker’s Exit

Chad Brinker stepped down as president of football operations.
Feb 4, 2026; San Francisco, CA, USA; Ian Rapoport on the NFL Network set at the Super Bowl LX media center at the Moscone Center. Mandatory Credit: Kirby Lee-Imagn Images
exclusive

Ian Rapoport, ESPN Finalizing Multiyear Deal

The NFL insider’s contract was set to expire in May.

Featured Today

INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.

Why Athletes Are Moonlighting As Sports Photographers

Athletes are swapping courtside seats for sideline cameras.
Quinnipiac women's varsity rugby
April 21, 2026

The Death of Quinnipiac Women’s Varsity Rugby

The sudden decision at Ilona Maher’s alma mater left players blindsided.
April 17, 2026

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.
blake griffin
April 14, 2026

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.
Paul Rabil
April 29, 2026

Next on the Premier Lacrosse League Roadmap: Team Owners

The PLL’s eight teams are currently all owned by the league.
April 29, 2026

NWSL to Keep Calendar for Rest of Decade After Player Pushback

Most players oppose a calendar flip, the players association says.
Sponsored

Why Brandon Marshall Bet on Athlete-Owned Media

Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
Jan 10, 2026; Lecanto, Florida, United States; The LIV Golf Promotions trophy is displayed on the first tee during the third round of the LIV Golf Black Diamond Ranch golf tournament at Black Diamond Ranch.
April 28, 2026

Louisiana Expecting LIV Golf to Repay $1.2M for Canceled Event

LIV Golf Louisiana was scheduled for June 25–28.
Mar 8, 2025; Orlando, Florida, USA; Rory McIlroy plays his shot from the third tee during the third round of the Arnold Palmer Invitational golf tournament at Bay Hill.
April 28, 2026

5 of Top 15 Ranked PGA Tour Players Skipping Trump Doral Return

Rory McIlroy and others are not playing the $20 million event.
April 28, 2026

NWSL Tables Vote to Flip Calendar After Player Opposition

Most players are against a fall-to-spring schedule, the NWSLPA said.
April 27, 2026

LIV Golf’s New Orleans Debut Set to Be Canceled After Funding Questions

The league was set to debut in New Orleans this summer.