Wednesday, May 20, 2026

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 Pushes Back on Criticism Over TV and Streaming Deals

The league remains steadfast in its overall media approach.

NFL Moves Closer to 10 International Games—and Could Hit 11

The league builds out further its international scheduling plans.

Brian Flores Subpoenas Dozens of Teams As NFL Lawsuit Grows

The Vikings assistant is now seeking records from 31 teams.

NFL Sets Another Super Bowl Without Dates As Schedule Questions Loom

The home markets of the Titans and Vikings each landed a big event.

Featured Today

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).
Bart Swings/Falyn Fonoimoana/Avery Poppinga
May 14, 2026

OnlyFans Is Paying Pro Athletes What Their Sports Won’t

The adult-content platform is a reliable income source for niche athletes.
May 13, 2026

How Sports Graphic Designers Are Grappling With the Rise of AI Art

The release of ChatGPT 2.0 Images sparked a conversation among sports designers.
May 12, 2026

Collectible Cups Are Sending Sports Fans Into a Frenzy

The drink is secondary to the wild vessel it comes in.
Valkyries President Jess Smith

Valkyries President: Team’s Projected $1B Valuation is ‘Accurate’

The Valkyries were projected to be the first 10-figure WNBA team.
May 19, 2026

Cuban: NBA Is Walking Into ‘Hornet’s Nest’ in Europe

The ex-Mavs majority owner is worried about the passion of European fans.
Mar 30, 2026; Las Vegas, Nevada, USA; Vegas Golden Knights head coach John Tortorella holds a presser after the Golden Knights defeated the Vancouver Canucks 4-2 at T-Mobile Arena. Mandatory Credit: Stephen R. Sylvanie-Imagn Images
May 19, 2026

NHL Denies Appeal for John Tortorella, Golden Knights

Tortorella was fined $100,000 and the team was docked a draft pick.
Sponsored

Mark Cuban Peels Back the Curtain

Mark Cuban discusses sports ownership, the rise of NIL, and the evolving media landscape.
May 19, 2026

Sky’s Natasha Cloud Blasts WNBA Refs After Rickea Jackson Tears ACL

Cloud is not the first WNBA figure to criticize officiating this year.
May 18, 2026

Nashville’s New $2.1B Stadium Expected to Land 2030 Super Bowl

Team owners will vote on future Super Bowl and NFL Draft locations.
Dec 12, 2021; Nashville, Tennessee, USA; Jacksonville Jaguars head coach Urban Meyer on the sidelines against the Tennessee Titans during the second half at Nissan Stadium. Mandatory Credit: Steve Roberts-USA TODAY Sports
May 18, 2026

Jaguars Win $30M Contract Dispute Against Urban Meyer

The Jaguars fired Meyer for cause in 2021.
May 18, 2026

NBA Conference Finals Show How Modern Title Contenders Are Built

The Knicks and Cavs have the league’s two most expensive rosters.