Packers disclosure shows NFL teams split a record $7.8B in national revenue in 2016
Which means every team kept $244 million in national revenue
When I grow up, I want to be an NFL owner.
On Wednesday, the Green Bay Packers -- a publicly owned team -- released their annual financial disclosure. In that disclosure, the Packers revealed that they acquired $244 million in their share of the NFL's national revenue in 2016, according to Bloomberg.
The bulk of the NFL's national revenue comes from the league's TV deals. It's split evenly by all 32 teams, which means by multiplying $244 million by 32, we can arrive at the total figure of $7,808,000,000.
Let's state the obvious: That's a ton of money. It also represents an increase in revenue. According to Bloomberg, the Packers reported that they got $222.6 million in national revenue last year.
"We're very fortunate that we've seen the kind of growth that we have, and I feel very confident that we'll continue to see it, at least through the rest of this collective bargaining agreement," Packers president Mark Murphy said on a conference call, per Bloomberg.
According to Bloomberg, the league's overall revenue is estimated to be $14 billion for 2017. As for the Packers, their total revenue was $441.4 million.
Nobody should be surprised by the amount of money the NFL and its teams are bringing in -- especially with added revenue of relocation fees. But it is noteworthy because it comes at a time when NFL players are becoming increasingly vocal about the state of their contracts. As NBA players have landed monster contracts this summer, NFL players have used social media to point out the disparity in contracts. They want more money.
One example: James Harden just signed a new contract with the Houston Rockets that's worth a reported $228 million. Meanwhile, Derek Carr just signed a new contract with the Oakland Raiders that's worth a reported $125 million. Harden is a better player relative to his peers than Carr, but he's not $100 million better.
Unfortunately for the players, the current CBA won't expire until after the 2020 season. However, it might be tough for players to get what they want, as our Amy Trask -- the former CEO of the Raiders -- recently explained on Twitter:
Chiming in on chitter chatter about NFL labor issues to again note that an issue for players is that the average career very short so (1/2)— Amy Trask (@AmyTrask) July 9, 2017
(2/2) a strike can consume a significant percentage of it - owners know this, understand this leverage and can play brinkmanship.— Amy Trask (@AmyTrask) July 9, 2017
Pick Six Newsletter
Get the day's big stories + fun stuff you love like mock drafts, picks and power rankings.
Thanks for signing up!
Keep an eye on your inbox for the latest sports news.
There was an error processing your subscription.
These five teams could surprise some people in 2020
Jason Licht explains why conversation with Brady 'was almost like a recruitment on his part'
Which teams are most likely to make moves in the NFL draft? Let's take a look
SportsLine's advanced computer model simulated the entire 2020 NFL season 10,000 times.
The former Super Bowl MVP found himself in a dangerous situation
Jones plans to catch 15 touchdown passes next season
CBS Sports' NFL draft experts determine which players are going where in next month's draft
Breaking down the latest rumors, news, signings and trades across the NFL
Live scores, highlights and updates from the Jaguars vs. Colts football game