Blog Entry

What does the Packers financials mean?

Posted on: July 14, 2010 10:01 pm
 
Brad Biggs of the National Football Post has a good breakdown of the Packers opening their ledgers to the masses and how that will affect what the owners and the NFL Players Association say during their negotiations for a new Collective Bargaining Agreement and how they spin it to the media.

If you’re the owners, you can look at the fact that Green Bay’s overall revenue and net profit rose.

However …

From the article:

But like most things, it’s not quite that simple. The operating profit, the number the owners are going to cling to, dropped significantly. The Packers reported an operating profit of $9.8 million, which is less than half of the $20.1 million it was at a year ago and far off from the $34 million the figure stood at from 2006-2007. Team president Mark Murphy said player costs are growing at twice the rate of revenue. Yes, you can expect to hear more of that in the near future.

So, let’s hear what the NFLPA had to say. In his response on the association’s web site , NFLPA president Kevin Mawae wrote, "It’s 1/32nd of the financial information we’ve requested in response to their demand that we give back $1 billion and increase our risk of injury by playing two additional games."

Vikings DE Jared Allen seconded that notion in a statement released by the NFLPA: "I agree with Kevin Mawae. First it was 18 percent, then it was 18 games. I can't believe that a CBA couldn't be done quickly if teams gave us the same information that Green Bay just did."

Maybe, maybe not. But the owners aren’t going to allow that to happen. Until then, we’ll wonder if Green Bay’s financial details are the rule or the exception to it.


--Josh Katzowitz

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Comments

Since: Dec 2, 2011
Posted on: February 2, 2012 3:24 pm
 

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Since: Dec 2, 2011
Posted on: January 3, 2012 8:50 pm
 

What does the Packers financials mean?

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Since: Apr 22, 2007
Posted on: July 15, 2010 10:05 am
 

What does the Packers financials mean?

I wasn't aware that business owners had to show their financial records to employees. It's a crazy sports world we live in today! Everyone has the risk of getting injured on the job. These guys get paid huge amounts of money for taking that risk while other high risk jobs (Police, Fireman, Military, Coal Miners, etc...) get paid the same as everyone else.....Go Figure! I don't see football players dying for their country!


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