True or False: All first-year rookie incentives are considered Likely To Be Earned.

The statement that all first-year rookie incentives are considered Likely To Be Earned is accurate. In the context of NFL contracts, incentives that are classified as "Likely To Be Earned" (LTBE) are those that a player achieved in the previous season or can be expected to achieve based on their performance and other factors. Since first-year rookies do not have a prior season of performance in the NFL, any incentives provided in their contracts are deemed LTBE. This classification affects the team's salary cap accounting and is significant when evaluating a player’s potential impact on the roster and budget.

Understanding this concept is crucial for agents as it directly influences contract negotiations and the financial implications for their clients. The classification of incentives also relates to cap management strategies for teams, helping to better navigate their overall payroll and player expenditures. Recognizing that all first-year rookie incentives fall into this category reflects the specific rules established in the NFL Collective Bargaining Agreement.