HomeSports'Poison pills' are no longer allowed in NFL contracts—here's why

‘Poison pills’ are no longer allowed in NFL contracts—here’s why

The football coach saw the headlines and made the connection instantly. How could he not? The same phrase being splashed across the front pages of newspapers across the nation had once been applied to him (Brad Childress), his team (the Vikings) and the NFL.

This phrase marked an odd and unexpected connection between a gridiron lifer and Elon Musk, the billionaire entrepreneur, SpaceX founder and Tesla czar. In April, Musk announced his intention to buy Twitter, the social media platform that at first resisted his $43 billion–$44 billion offer. Shortly after, the company deployed an unusual technique, one of few available defenses, by announcing it planned to invoke what’s called a “poison pill” to disincentivize Musk’s pursuit. The phrase stopped Childress, made him chuckle and transported him back 16 years.



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