Packers aren't doing NFL any favors with financial strategy· Page 2

dfosterf
Veteran Member

15 years ago

It would be a strategy of limited effectiveness. People forget that not only is there a salary cap, there is also a salary floor. I think it's around 87% of the salary cap (I'm sure Sir Foster knows the exact figure). Plus I believe teams are limited to how much money they can actually stockpile, at least from this source. To some degree the salary cap is "use it or lose it."

"Nonstopdrivel" wrote:

87.6

lol

Edit---

And for 09--- there is no rollover with fake LTBE's, etc... because there is NO CAP for '10---

hence, use it or lose it in '09

Graffin
Registered

15 years ago

#12

Wasn't aware of the article, but after reading it, and more importantly Nonstop's response, feel a bit more educated. thanks

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dfosterf
Veteran Member

15 years ago

#13

I find it rather humorous that everyone assumes that the reason that the owners do not want to disclose financials is due to the negotiations between the owners and the players.

They have bigger fish to fry. The adversarial relationship between the owners and players is only two legs of the triad. The real fight is between large market and small market franchises.

The loss of automotive advertising revenue for the various networks, coupled with a significant drop in beer advertising revenue due to imbev purchasing budweiser has some of the NFL owners fearful about the future revenue stream that the TV coverage provides. They are crying wolf to any that will listen, and the large market teams would like nothing better than to eliminate and/or significantly reduce the shared revenue aspects of the business model. Their arguments are going to look far less persuasive to their fellow owners when those revenue disclosures are made.

They probably don't give a rat's ass if the NFLPA was made privy to the information, just as long as the Buffalo Bills, Cleveland Browns etc. of the NFL world cannot see it...Of course, that is impossible.

I suspect the Green Bay Packers would like nothing better than to have that information public, a very under-appreciated aspect...especially to some former football player turned writer that can see no further than the perceived advantage to his former fellow players.

Gravedigga
Registered

15 years ago

#14

I don't give a rats ass what their books say, not one of these owners are losing money consistently. Also, if the Cowboys are "reporting" a 10 million dollar revenues, you an bet it is much higher. That is what accountants are for. To manipulate the books to say what you want them to say. Don't be a sucker and buy into it. There is a reason it costs a billion dollars to buy one of these franchises.

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A wise man once said
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You are weak, pathetic and immature..............I would have d

dfosterf
Veteran Member

15 years ago

#15

You might be interested to know that the Green Bay Packers have been "blamed" for more than making a profit.

One famous example is that Vince Lombardi cut a player for having the audacity to secure the services of an agent.

I have another one. The Green Bay Packers are cited by the NFLPA itself as being responsible, at least in part, for the creation of the union.

The issue?

Dirty jocks, socks and uniforms.

No bullshit.

NFLPA Website story

The National Football League was organized in 1920, but the players had no representation until more than 35 years later. Free to do as they wished, the owners gave the players no benefits at all -- no health insurance, no life insurance, no pension, no minimum salary, no pay for pre-season games. Even worse--no protection for injured players.

The players started standing up for themselves in 1956. By one account, players for the Green Bay Packers asked the owners for clean jocks, socks and uniforms for two-a-day
workouts. The owners refused; the players organized

I think some of the players still have a grudge.

j/k

Nonstopdrivel
Preferred Member Topic Starter

15 years ago

#16

Foster hit the nail on the head, though he may have actually understated the issue at hand. There are at least two other legs to the stool he failed to mention: the dispute between current players and former players, and the dispute between owners and former players. And all of this is tied into the forthcoming CBA.

Next time I'm on campus, I'll take more notes on the study conducted by my university and I'll let you guys know what I find out.

As to all the kudos from RaiderPride and others, I want to say that I am humbled and appreciative, but I must reiterate that I am but a lowly Padawan at the feet of the Master Foster. 😉

dfosterf
Veteran Member

15 years ago

#17

"Nonstopdrivel" wrote:

Very kind words, Non...

I just rehash other folks stuff. You bring the great gift of insight and fresh perspective.

R.P. had it right the first time. He would...He's a very smart fella, also.

Gravedigga
Registered

15 years ago

#18

"dfosterf" wrote:

I think some of the players still have a grudge.

j/k

wow, i didnt know Ted Thompson managed the packers back then

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A wise man once said
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You are weak, pathetic and immature..............I would have d

CaliforniaCheez
Member

15 years ago

#19

May I remind some of you that the Packers have been one of the better revenue teams since the remodel at Lambeau.

This SI guy calls the Packers small market but they have been in the upper half of teams in revenue.

As for Ted being a cheapskate
1) There were few quality free agents worth the money.
2) He has had to save money for the the 2006 draft class, Jennings, Spitz, Colledge, Hall, Jolly, etc.
3) Ted has always looked long term and has created a lot of competition for roster spots.

Another thing is return on investment. 20 million is not that much considering it is a billion dollar corporation. Investing 1 billion and making 20 million is only 2% on investment!!

If you invested a $1000 and only made $20 a year would you be happy?

The whole Packers organization's operating profit is only double Rodgers salary. After investment losses they only made 4 million or about what Brady Poppinga was paid last year.

Put it into perspective and it helps the owners points.

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Nonstopdrivel
Preferred Member Topic Starter

15 years ago

#20

I made this exact point in another thread, CaliforniaCheez. Thanks for providing your insight on this issue. I wish people would get beyond the raw numbers ($4 million) and look at the meaning beyond those numbers (paltry profit). Your relating this profit figure to player salaries was awesomely illuminating. Keep it up!

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